Tax FAQ
 

I Want To Pay Tax On Int On BFD. But I Get TDS Cert After 31Mar & Know Remaining Liab Thereafter Any Penalty?

Question by mukund | Posted in India

I m a salaried herself my employer deducts the tax & pays the same regularly to Tax authority. Now i want to pay tax on my interest income. However i be involved a arise to know my tax liability only after 31st March since i get TDS certificate after 31 March. So i want to be sure whether there is any penalty for remaining tax paid after 31st march.

Answer: No. If tax due is < Rs 5000/- & you pay before 31st July.

If tax due is > Rs 5000/- then you were to pay move onward tax. You will have to pay penalty u/s 234 B/C.

HMT
 
 

Do Canadians Have To Pay US Sales Tax When Making Purchases In The US?

Question by Gray | Posted in Canada

Would a native of a tax paying Canadian province need to pay US sales tax on goods bought while on vacation in the US? ie; if a householder of Vancouver BC went to Seattle WA for a vacation, would the resident be required to pay the 9.5% sales tax of Washington formal?

Answer: I, a dweller of a US state without a sales tax (Delaware), pays the unfathomable 13% sales tax when I by Toronto. Needless to say, I rarely buy anything when I visit there.

However, Washington is an odd ball state in that they do supply exemptions to residents of some jurisdictions with no or limited sales taxes (and it's voluntary, stores aren't required to down the exemption). A few Canadian jurisdictions are included but BC isn't one of them. Residents of Alberta, New Brunswick,

Related Topics:

Tax Exempt Forms
The Fair Tax
Tax Form Refund

 
 

Does The Total Pay To Date Figure On P45 Include Tax?

Question by KKH01 | Posted in United Kingdom

I'm justified wondering if the total pay to date figure on a P45 includes tax paid or not? There is another box for Total tax to steady old-fashioned. So if it doesn't include tax paid then the gross pay would be the total of both, pay to date and tax to date?

Answer: Amount pay to date is your gross pay (ie what you earned before tax and NI was deducted).
Total tax to date is the amount of tax deducted from you.
You don't add the figures together.

Related Topics:

Tax Expert
Tax Form Canada
2008 Tax Stimulus

 
 

Do You Pay Tax On GAP Insurance When You Include It In The Purchase Of You Car?

Question by naturegirl1017 | Posted in Buying & Selling


 
 

Would You Pay A Flat 10% Tax On Everything And That Tax Pay Your Health Insurance?

Question by Tim R | Posted in Other - General Health Care

If there was a absolutely 10% tax on everything then all of us would share the cost. Americans have to have some relief from the high cost of being neurotic. Medical bills can ruin your life!

Answer: No because we could have prearranged this when we had a surplus

Related Topics:

Tax Filings
2008 Tax Schedule
Free Tax Efile

 

Idaho tax collectors try to take pay cut but can't | Local News ...

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