 I intend to work 2 fulltime jobs. One I do now is at 15K, the new one is 18k. What tax will I be paying? |
Both jobs are web related, and the second is web based entirely.
Do I have to inform my current employer?
Do I have to inform my new employer of this?
What this might implicate?
T... |
|
 My fiance has not paid taxes for 3 years now! WHAT TO DO!? |
| Okay so my fiance was a contracter for this company and was paid with a 1040 not a w-2. So we knew he was going to pwe taxes. Now we are having a real struggle with our bills. This year will be the 3... |
|
 If I owe too much in taxes will the Gov. cut out one of my kidneys while I'm sleeping to pay it back?? |
Come on...you know this section is too serious... ;-)
Additional Details
Ms. Angel, dare i say best answer... (dare! dare!)
That's how I think the term Yankee was coined ... |
|
 Would I or my father have to pay a gift tax if I give a $50,000 check to him from my savings? |
| The money was already taxed when I received it as income...does it get taxed again when I give it as a gift to my father?... |
|
 Im confused i know there a lot of these but? |
| will i get my stimulus refund through direct deposit or paper check? because some people say if you filed turbo tax and had them take the filing fee out of your rebate you'll get a paper check ... |
|
 How much will i get in this stimulis check? |
| i filed taxes for 2007 and made a bit under 30k and i am married with one child which is 17 months old how much money will i receive in this stimulis check? and when will i be receiving it?... |
|
 How much will I get back on my income tax return? |
I made $17,272.14, and they withheld $1,953.32 on taxes. I am a unmarried Tennessee resident, filing alone. Approximately how much can I expect to get on my tax return?
Additional Details<... |
|
 How long does a refund take? NOT THE STIMULUS CHECK? |
regular refund? we just filed regular no fast check thing.
we filed our return about april12. any idea how many weeks it should take? also no direct deposit.... |
|
 What is a tax write off? |
| i was told if i donate my car it would be a tax write off. does that mean i get back the full value of the car when i file taxes this year?... |
|
 Why should we pay taxes? |
| Is there any legal way to stop paying taxes? Besides it is voluntary compliance.... |
|
 Will my $600 tax rebate be direct deposited? |
| The $600 tax rebate that will go to most beginning in May, will mine be direct deposited since I had my tax refund deposited? The reason I ask is because I'm moving end of April or beginning of ... |
|
 Last two of your SSN? Have you received your stimulus check? |
| I dont even know if thats something people feel comfortable giving but i thought id give it a try. :) Just thought id be fun to see how far along they are (even though i am aware of the official ... |
|
 Why does my solicitor need my national insurance number when im buying a house? |
Additional Details
The reason i am asking is i have just come off aprentaship 0f the past 7 years I know its a long time but i have been an improer for the past 5 years therefore not ... |
|
 Is it necessary to get new tax software every year? |
| I have TurboTax from last year and wanted to know if I need to buy the new one or will the old one still do the trick?... |
|
 Can my ex-husband legally make me pay for his taxes this year? |
| My husband and I are currently going through a divorce. He was self-employed, so he was supposed to take taxes out of his own check. Unfortunately, he didn't do it, and now owes the government ... |
|
|  |
senvasn | If we buy shares should we pay tax? |
My friend who is currently doing MBA wants to open a demat account to buy shares worth Rs. 1000 (out of his pocket money, he doesn't have any income other than pocket money). But should he pay tax or anything like that. Does it involve any risks (other than market risks)? Thanks in advance. |
 |
 
Harinder S. Johal
 |
If your friend want to buy shares and have demat account, there is no problem, he do not have to pay any taxes. when he opens a demat account all information about source of income is taken including PAN No., which is a must. But he has to pay tax when he sells these shares at profit, sometimes the tax is automatically deducted if agreed upon at the time of opening a demat account, there is no risk involved |
|
delta
 |
what do mean by should we pay tax. Tax HAS to be paid when u buy or sell shares. |
|
Light candles to show way
|
# His pocket money is not his income. (not to be added anywhere for the purpose of any tax).
# Tax Liability>>
Some nominal taxes as service tax/S.T.T. alongwith brokerage are recovered on purchases and sales of shares.
No income tax liability if total income of the person is below Rs.1.10 lacs during entire financial year.
Again, if capital gains are earned after one year of purchase of shares, no tax liability.
# Market risks (due to volatility) are there. There are no risks as to the aspect that shares are held in demat account. Still, deals should be through brokers of credibility. It is because, your shares are transferred after 2 days after you pay the amount and in sales, you get payments 2 days after you effect delivery of sold shares.
# Obtain and keep on records "statement of holding" from depository frequently.
BEST OF LUCK. |
|
vinsan
 |
no u dont need to tex if u r purchasing shares that r comes in govt securities and all govt securities r tex free |
|
Naren
|
It all depends whether he earns or loses in the shares |
|
malhotrarajiv@yahoo.com
|
Its so nice of you , helping friends is indeed a good charecter and a good person's qualities.
For ur friend :- if he has buyed some shares of 1000 bucks, there is no problem, but if withen this financial year he earns more than a lac of Rs by selling and buying again and again (by his luck the shares he buys shoots up, and he sells them and again he buys more shares, and by luck these also shoots) then he is liable to pay his income tax, according to the rule 12 (1)(d) of I.T. rules, 1962. |
|
subhasis
|
investment in share market are subjected to market risk.
no ur frnd will not give tax give any taxto buy a share but after that he will give so many tax like STT, service tax, etc.... |
|
vinu` d
|
If your friend want to buy shares and have demat account, there is no problem, he do not have to pay any taxes. when he opens a demat account all information about source of income is taken including PAN No., which is a must. But he has to pay tax when he sells these shares at profit, sometimes the tax |
|
sgcray
 |
Well the answer your question is like this :-
1.Does your friend have any other income?
2.Does you friend file an income tax return?
3.If yes, then what ever income he derives out of the shares, is to be shown in his income tax returns.
4.There is a Security Transaction Tax paid when buying and selling shares, so that automatically gets paid.
5.Besides that there is income tax payble on your income, so if you have taxable income, then any capital gains arising from these shares will be added to your income, and you yourself will have to compute such tax, and deposit it.
6.Any dividend income arising from such shares is exempt under the income tax act.
7.If you dont have any other income or less than Rs.110000 p.a., then you dont have to pay any other taxes on these shares, if you are just trading with Rs.1000. Or whatever. |
|
satyanarayana
|
I want to join in acompany, their my job is maketing the demat account , i got commision on every transaction of demat account and my question is is it good to do the jjob or not
|
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 15 minutes(s) ago
| | | |
9 | 37 minutes(s) ago
| | | |
9 | 53 minutes(s) ago
| | | |
9 | 56 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 2 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
