 |
Is There Any Exemption/tax To Short Term Capital Gains Through Shares When The Total Gain Is Below Rs.5000/.? |
Question by hemandakumar | Posted in India
My remuneration comes to Rs.1,60,000/-. Savings of about Rs.60000/-. Total STCG during the year Rs.4600/-. Is there any neediness to pay tax for only the STCG when the total income is below the exemption limit?
Answer: You proceeds is more than income not subject to income tax so you must file income tax return. You will not pay any tax on short span of time capital gain as your income is below Rs. 1,10,000 for individuals.
Read http://mytaxes.in/token.php?topic=32.0 |
| |
How Do You Obtain Tax Exemption Without Being A Nonprofit Organization? |
Question by my4potatoes | Posted in United States
Our Poorhouse and School association has a tax exempt ID, yet we are not a non-profit organization. How is that possible? How would we have obtained tax exemption? No one in the framework seems to know. What criteria could be used for obtaining a tax exempt ID? And this isn't as important right now, but how do you go about becoming a nonprofit categorization? Did you ever hear of a Home and School Association being such? Thanks.
Answer: That depends on what you measly by "non-profit." Some organizations are tax-exempt, and some are also able to receive tax-deductible well-meaning contributions. As the first link explains, the IRS permits or denies "tax-exempt" station for qualifying organizations, but "non-profit" status is a label Euphemistic pre-owned by state laws. Federal tax-exempt status can be requested by filing Assemble 1023.
You may be able to verify your associations status |
Related Topics:
Bexar County Tax Assessor
Income Tax Calculations
Income Tax Deductible
| |
Oregon State Tax Exemption For Active Duty Military Stationed Out Of State? |
Question by Chase J | Posted in United States
I am an Oregon residing currently stationed out of state for active duty military.Iit was mentioned to me in avidity that because of this, I would have all state income taxes paid, redeemed to me at the end of the fiscal year. Has anyone ever heard of this? I tried looking it up but the closest item I could find to it wasa exemption from property tax.
| Answer: I don't be familiar with about Oregon taxes, but usually if you are still a legal resident of a state, you still pay taxes on takings earned during that year, even if earned in another state. What could happen though is that if you are stationed in another state with a regal income tax, you'd have to file a tax return for that state and Oregon would give you a credit for taxes paid on the gains to the other state. It wouldn't be a $ for $ credit, but would be the lessor of the Oregon tax on that |
Related Topics:
Revenue Canada Tax Forms
Income Tax Calculators
Income Tax Evasion
| |
Is It Better To Claim One Tax Exemption During The Year ? |
Question by djahnee@verizon.net | Posted in United States
My keep carries one exemption during the year but claims four tax time? Which is better to do claim one or four during the year? What's the best bib way to get most of your money back when you file taxes?
Answer: The add up to taxes you pay will be the same either way. You can get the money through the year by claiming more exemptions, or you can give the government an interest-free lend through the year, and get your overpayment back as a refund, by claiming fewer exemptions than you're entitled to. It's your call, but neither saves you any taxes - it exactly depends on whether you want your own money sooner, or later.
If you requested that your employer take out an additional $500 each |
Related Topics:
Income Sales Tax
Income Tax Checks
Income Tax Filing India
| |
Where Do I Get A Tax Exemption Certificate For The State Of NY, To Exclude Paying Taxes For A Business? |
Question by Jay S | Posted in United States
I started a establishment to make business relationships with manufactures and get products at wholesale to resell them, but the manufactures ask for a tax exemption certificate. Where can I get one for NY?
Answer: Jay,
Go to the NYS web neighbourhood
http://www.tax.state.ny.us/forms/form_nu mber_order_st_y.htm
Look at ST120 make to ST 124 to see which form applies to you.
Hope this helps. |
Related Topics:
Fortnightly Tax
Travis County Tax Assessor
Income Tax Forms Canada
-
Twitter
Feb 17, 2012 from D Conrad
@ you're the lowest of the low scum...doing the smutty work of & Congress. A political org that should lose tax exemption.
CASANSAAR: Govt exempts a slew of services from tax
by casansaar
Besides, tax exemption has been allowed to tournaments and championships organised by definite bodies such as chauvinistic sports federations or federations associated to it, Tutor Games Alliance of India, Link of Indian Universities and...
Source: CASANSAAR: Govt exempts a slew of services from tax
|
@ Rept. fails to note added 
DOR's acreage valuation division has argued the state's three refineries don't have unswerving access to the pipeline's oil, which it claims is required under the law establishing the