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I could handle life without sweets and namkeen, chips and dips, butter and oil, biscuits and gravy, and even milk and ice cream. But morning time tea , Sweets, Namkeen and Bhujia life without how serve.
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Can the Computer Replace Your Chartered Accountant?Can the computer replace your chartered accountant? Yes, says a software firm, which is aiming its only product at the small-time taxpayer who can't afford the hassles of finding a person to help file tax returns.
Tax Spanner - an online income tax preparation and filing tool for India at
taxspanner.com - offers to help you "e-file" your income tax return in three easy steps. Income Tax Refund, You Can Revised Your Return Till 31st March 2010o If more tax has been deducted from your income, then you are entitled to get a refund cheque from the income tax department.
o Time to get such refund is unpredictable, so it is suggested not to overpay and to do your calculations wisely. The interest paid by the income tax department on your refund is very low, so it is better to invest the money in higher return investment than waiting for refund.
o If you e-file your return, then you stand a chance of getting faster refund. Interest From Fixed Deposits, Savings Accounts, Nsc is Fully Taxableo All incomes need to be reported, whether exempt from income tax or not.
o Interest earned on bank accounts (savings and FD) are generally not reported due to misconception. Interest income, including accrued interest on NSC is taxable.
o Money received due to compulsory acquisition of land is also taxable. Even the rent received from cell phone tower on roof of your house is taxable.
o Amount Above Rs. 50,000 Received From Non-relatives is TaxableAmount above Rs. 50,000 received from non-relatives is taxable
• If you receive more than Rs. 50,000 during the financial year without any consideration, then the entire sum is taxable, provided it has been received from any source(s) other than the ones mentioned below:
o On the occasion of marriage
o Under a will or by way of inheritance
o Gift from a relative
o In contemplation of death Pension is Taxable, But There are Other Tax-free AvenuesCongratulations for achieving 65 years of age.
Key points to remember:
o The pension received is taxable just like salary income. You are a normal income tax assessee like any other salaried person.
o If TDS is not deducted from your income because you are a senior citizen, then it does not mean that you don't have to report that income How to File Income Tax Return (e-filing)E-filing is essentially another mode of filing your income tax return, in addition to the popular mode of printing and submitting your return at the income tax counters. It is a two step process Due Date of Filing Income Tax ReturnDue date is the date prescribed by the department as the last date of filing return. For Individuals who are not liable to be audited the due date prescribed for filing return is 31st July 2008 unless extended further by a seperate notification. Web Hosting: Dedicated Web HostingToday there are many web hosting service providers that provide advance-hosting services. These advanced hosting services come with more user friendly and better performance features that are suitable for high traffic volume, faster performance and better storage facilities and greater bandwidth. Mauritius Tours and VacationsWelcome to destination travels, we offer discount holiday packages for Mauritius tour, vacations and holidays. Techniques to Diversify PortfolioIf you are a good financial planner, you know the importance of diversification of portfolio. Diversification is the main creed of financial planning.
Must Diversify from corner to corner asset module
It is very important that the portfolio be diversified one corner to another for a range of asset module. Depending on the investor's risk profile and needs, assets like equities, fixed income instruments, gold and real estate among others should find place in the portfolio.
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