 I'm confused about how money I will receive on my 2008 Tax Rebate. Please help..? |
| I understand so far that I will be receiving $600 for myself but I did claim my daughter as a dependent in my 07' tax return. She is a full time college student and is 23 this year, when she ... |
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 I was contact by a Mr. Abraham from the UK. I'm supposed to give the mail courier $936. Is this familiar? |
FREE AWARD DEPT.
The Marina Offices, St Peters Marina,
Newcastle upon Tyne, NE6 1HX
England
www.freelotto.com
Ref. Number: 87K4/336/T071/006
Batch Number: 468... |
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 What is the potential of getting 401K Termination Taxes back at the end of the year? |
We just bought a new house (2008), we have a new baby (2007) and I am interested in claiming my old 401K from a previous employer. The taxation would be 20% not including state (MO).
My ... |
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 Turbo tax, bad or good? |
| is this a good service? what brand/ editon shoud i buy? h and r tax cut or turbo tax? are they one time use only since new laws come out every year or do they update themselves? just wondering, any ... |
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| I have a full time job and i just started a part time job in november. do i have to file for my part time job |
| i know i have to file for my full time job. i didn't make very much for the part time job. is there a certain amount that qualifies you to file on seperate jobs?... |
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 Should my mother file a tax return this year? She didn't file a return from 1999-2002.? |
| She was working at that time. She retired and has been on social security since 2003. Never filed a return since being on social security because her monthly payments are small--about $800 a month. ... |
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 Why did I only get $300 for my federal rebate? |
| I thought it was based on income i made 20k last year and I only got $300 from the federal government. I have read many of the yahoo posts and don't understand why I only got back $300 instead ... |
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 What benefits would I be entitled to claim? |
Hi, I would welcome any advise that people could give me.
I work full time earning roughly £22,000 a year. My husband also works full time and he earns roughly £25,000 a year. We have ... |
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 Can i file separate w-2 forms? |
| i started a new job at the end of last year and have two w-2 forms will they let me file them at different times. or can i file the smaller one next year?... |
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 How much must you earn to file taxes? |
| I'm 17 right now and have a job.. however I heard if you make less than a certain amount, you don't have to file taxes for that year? Is this true and if so, what is that amount?... |
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 B4 my grandfather died, he put some stock in my name, and wished for it to be turned over to me when i was 18? |
| he left a woman named elaine as the custodial guardian, technically/legally it wuldnt be mine until im 21, but since he wished for it to be mine at 18, elaine cashed it and sent me a check for $10,000... |
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 Can my x wife file taxes by her self ? |
| me and my wife are getting divorced , it will be finalled in the begining of jan. I was the only one who was working and paying for everything until Nov when we get separated and she started working ,... |
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 I have a tax question? |
| I have three kids and i only claimed two of them on my taxes because someone had told me that your refund wont be any more for three kids than if i only claimed two. So i only claimed two of them. I ... |
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 Is it possible for my wife and I to get a refund on property taxes that our county now admits we overpaid on? |
| We felt we were overpaying on our taxes for years. Our neighbor has a very similar house and his taxes were substantially less. We grieved it several times using his house as a comp and were denied.... |
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 I havent filed my taxes in three years...? |
| what i wanna know is, what's gonna happen when i file my taxes this year? am i gonna get all my tax returns for those years or only from last year?... |
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 Should I file my wifes info if she only made 3832.94 last year? |
| The reason I am asking is because I get diffferent responses saying she didn't make enough and some saying she did.... |
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pragmatrix1 | Once TDS is done on Fixed deposits, is the balance amount taxed again? |
Is the balance amount on which the tax is paid, considered part of the earnings and taxed again? |
 |
 
Nathan
|
Yes. If you are having 125000/ as deposit. Your bank is paying 10500 as interest. The Bank will deduct tax at 10.2% from the int payable.(10% taxplus.2% education cess etc). But the problem is if you are asessee and you are liable to pay tax for the interest it may be 20% or 30% depending the income slab of you. So you have to pay the remaining tax (30%- 10.2 or 20% -10.2). If you are income is within the taxable limit (including the interest of 10500) your can ask for refund from income tax department by submitting income tax return and with form 16A( for tax deducted from deposit int). In that case you can avoid the tds by submitting 15G form before the tax deducted from your deposit every year. |
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BDG
 |
TDS does represent not the exact tax due on the earnings, you have to include it and account for the rest, if it is due, and seek refund if it is not due. |
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dillu m
 |
Tax deduction is a statutory formalities which is bindind by income tax law . It depends upon the person whose income was attrcted TDS whether he /she or a person above 65 age. If the total income Does not includies any other income then considering the above aspect Tax to be paid accordingly on balance FD if not required tax not to be paid |
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villager
|
TDS is on the interest income on your deposit. Deposit amount will not otherwise be treated as income. While computing the taxable income for the financial year, the assessee need to add the interest income also and work out the total tax liability. All TDS can then be set off against the tax due and balance if any need to be paid. |
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sudhir j
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T.D.S. charged on income,which is over then exampted by I.T. roules. You should bifercate the deposits. Deposits should not be occured income/interest upto Rs.10000/= whithin the financial year,which is applicable every 1-4 to every 31-3 |
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Orthodox Purushottam Kabra
 |
TDS is not made on amount of fix deposits. It is deducted from interest earned on it. Interest is earned every year and TDS is made accordingly, if the interest is in excess of Rs.10000/- on that deposit. On maturity or premature withdrawal of FD, TDS will not be made on FD but Interest portion being paid on it. |
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anmol26jun
 |
Remember the key word- Rs 10,000/- interest per financial year, your calculations will not go wrong , if you are a PAN card holder and and income tax payer. Else the limit of investment is quite a lot subject to some forms being filled. Check with your bank, they will advise you better. |
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sudhindra k
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No it wont be taxed again,as you have already paid the tax @ source. |
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