 Do you live paycheck to paycheck? |
| does it suck as much for you as it does for me?... |
|
 We will be moving to UK in a few months. Will we qualify for the Child Benefit and the Child Trust Fund? |
We will be moving to UK in early 2009 from the Philippines for a job assignment. Are our three kids qualified for the Child Benefit and the Child Trust Fund?
Additional Details
My ... |
|
 If home prices are falling? |
| Will our local tax assessors adjust our home values as well? Last year when a proposal to not exempt disabled homeowners from having caps, the tax assessors office simply raised the value of the ... |
|
 Parents want to claim me on income tax? |
| so, i am 19 years old. I just got my W-2 in the mail and my mom will be filing for me. She stated to me that if she claims me dependant she'd get a bigger refund back and i would get less. ... |
|
 Is it better to claim 1 or 0 ? |
| I am 23, single, no kids & I support myself , Ive always claimed 0 on my W-4 forms but recently I changed it to 1 and claimed head of household because my 19 year old niece live with me & I ... |
|
 If you did a direct deposit with the IRS for 2007 taxes will next months check be direct deposited too? |
We've done direct deposit for years when filing taxes.
We'll be one of the first ones to get our advance on next years income tax. I was wondering if we will be getting a ... |
|
 Are we allowed to prevent the government from withholding taxes? ? |
| When I get a pay stub every 2 weeks, are we allow to prevent the government or company to withhold taxes and pay them at the end of the year? I mean if we can, isn't it wiser to do this since we ... |
|
 Is it true that you can file a deductioin on your taxes for paying rent? |
| I heard that you can file a tax deduction for paying rent at your residence and get something like a full month's rent back. Is this true?... |
|
 Tax returns? |
| is it too late to file federal income tax return if your intited to a ... |
|
 Do churches pay federal and/or state taxes on their "earnings"? |
I am referring to any contributions by members, pastor's salaries, properties owned, etc.
Thank you for your help.... |
|
 If child is over 21 and child support is still owed can tax return be held when it is being taken from pay? |
Additional Details
Let me make it clear to some that all that was owed in child support was the last 2 years 16-18 My husband was not a dead beat ... |
|
 What is the full form of HR? |
| he or she is the head in a ... |
|
 No federal tax taken out of paycheck...what to do? |
| A friend of mine just found out that no federal tax was taken out all year and now owes the IRS almost $5K. In hindsight, she should've checked her paystub, but when she approached her boss, ... |
|
 Do you have to put postage stamps on income tax returns when sending to IRS? |
| I was told a few years ago that no postage is necessary if mailed from the post office. I don't think that sounds legit, and I was wondering if someone knows for sure. Do you know?... |
|
|  |
raj r | Is returns got from mutual fund investement taxable in income tax? |
|
 |
 
HMT
 |
Tax implications of Mutual Funds.
Returns on Mutual Funds are treated as Capital Gains.
Redeeming an Equity Fund held for > 1 year.
Long Term Capital Gain.
No capital gain tax.
You pay only STT.
Redeeming an Equity Fund held for < 1 year.
Short Term Capital Gain.
You pay Capital gain tax @ 15% + surcharge (if applicable) + cess + STT.
Redeeming a Dept Fund held for > 1 year.
Long Term Capital Gain.
You pay capital gain tax @ 10% ( without indexation ).
Or
You pay capital gain tax @ 20% ( with indexation ).
Whichever is less.
Indexed or inflated purchase cost = Purchase cost X Present Index divided by Purchase Index
You pay LTCG tax + surcharge (if applicable) + cess + STT.
Redeeming a Dept Fund held for < 1 year.
Short Term Capital Gain.
You pay tax on capital gain at the personal tax rate applicable to you. |
|
Balasubramanian
|
Dividends paid by mutual funds are tax free in the hands of the recepient.
If you sell back these Units to the Funds after holding them for at least a year, the appreciation paid to you in addition to your original investment will be tax free if they are equity based funds. If you sell these units even before one year is completed then these gains will be taxable as short term capital gains at the rate of 15% plus applicable education cess.
If they are debt based funds, then, the capital gains or appreciation will be taxed as capital gains.
|
|
pratik
|
no they are exempt if they are transferred after one year otherwise they are taxed as short term capital gains |
|
Deepak T
|
Returns by way of dividend is fully exempted from Income Tax, if you sell the fund within one year then it will be taxable as a short term capital gain otherwise the profit will also exempted under long term capital gain |
|
Cosmic
 |
It's going to be taxed as capital gains when you sell or if you have dividends. But as far as a gain in value, it's not taxed unless you cash out. |
|
msegar
|
OH YES.....If you sold them for more than you bought them. You pay taxes on the difference. |
|
IrateFairy
 |
depends how much you have made, but usually yes. (i would consult with your acct about this matter) |
|
vishu bharal
|
not in all mutual funds. there are few mutual funds which are not taxable |
|
DffrncMkr
|
If you buy a mutual fund for $100 and sell it for $150, you pay capital gains tax on $50 as long as you hold it for a full year. If less than a year, the $50 becomes ordinary income.
This assumes you did not reinvest any dividends or previous gains. If you did then your tax amount will be less in the example above |
|
Samarendra G
|
There are a few MF where dividends are not taxable upto certain range, but in word the entire returns MF investments are taxable if it cross the slab or the limit. You should go through the magazine - Mutual Fund Insight, to know everything about MF. |
|
angem
|
Taxable income it is. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 27 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 1 week(s) ago
| | | |
11 | 3 week(s) ago
| | | |
10 | 1 month(s) ago
| | | |
11 | 4 month(s) ago
| | | |
11 | 8 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
