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| *The Commerce Journal>>>India Taxes |
My parent do not file income tax anymore. will they get the rebate? |
My parent do not file income tax anymore. will they get the rebate? they'll have to go file to get it... Your parents might not have filed their returns because there was no taxable income. But that reason dose not prevent your parents to claim rebates. When they are having taxable income, then they can claim their rebates and deductions from their income. no Your parents can't get a rebate unless they file a return. If they don't make at least 3,000 in social security or wages or interest or dividends then they won't qualify. If they earn more than $3000 and owe no tax and file a return they will get a rebate. you can have them calculate the exact rebate amount by going to http://www.irs.gov/app/espc/ and answer the simple questions. |
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The tax on long term capital gains (On property) is @20% flat rate. That is on indexed gains and not on direct gains. Index gains will lesser than direct gains. If the property is very old (say ... if you want to double or triple your money in just a year.. go in a casino... if you want 500 % returns over next five years.. invest in Mutual funds (for no less than five years.. ) ...It depend on the bank. They may simply return the cheque to your or they may take action against you. ...To file IT return PAN card is not required but only the PAN number would be sufficient. And you must know your PAN number to file it or apply for a duplicate PAN card. Go at ... salary is taxable on due or receipt basis which ever is earlier ...Tax calculators are avilable in the web link given below for free. You can down load it and can calculate your tax at any time you like. ... Your application is under process at NSDL - TIN Facilitation Center. ... Your application is under process at NSDL - TIN Facilitation Center. ... |
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