Search results “Interest payments tax”
Interest Payments - Itemized Deduction Interest - Federal Income Tax 2018 2019
Interest payment may be deductible for federal income taxes in the year 2018 2019 but there are limitations. The most common interest payment deduction is mortgage interest and it is one of the big items that may allow taxpayer to take itemized deductions instead of the standard deduction. Interest payment deductions like mortgage interest is generally an itemized deduction and that means we would need itemized deductions greater then the standard deduction for them to benefit us. There are also restriction on the loan amount that we can deduct interest for. For more accounting and tax information see accounting website. http://accountinginstruction.info/
Interest is tax deductible!
Interest payments on a home are tax deductible
Views: 2008 HomeBinUniversity
GST का LATE-PAYMENT का INTEREST कैसे CALCULATE करें : LINK FOR GST INTEREST-CALCULATOR : DOWNLOAD FROM HERE https://drive.google.com/open?id=0B36kFe8-11HjNTI3eWNFOWFVNHM Check-out my latest videos by clicking links below : HOW TO FILE TRANS 1, HOW TO FILE TRAN 1 https://youtu.be/gjPQYUDKf3M GST : GSTR 3B RETURN AND PAYMENT DATE EXTENDED, GST PAYMENT DATE EXTENDED : https://www.youtube.com/watch?v=Qpn9-1hAr1Y&t=32s HOW TO CLAIM ITC IN GSTR 3B : https://www.youtube.com/watch?v=2LMjENkXHIU&t=142s CASH LIMIT UNDER GST : https://www.youtube.com/edit?o=U&video_id=WZyc5N-R52o 0.1 GST : GSTR 3B ONLINE LIVE DEMO/HOW TO FILE NIL RETURN FOR JULY : https://youtu.be/cz4_AmFsCSY 1. GST : How to File GSTR-3B: https://www.youtube.com/watch?v=UGoLkxaG8wA&t=193s 1.1. GST : HOW TO AMEND NAME, MOBILE NUMBER, EMAIL ID, HSN IN GST REGISTRATION : https://www.youtube.com/edit?o=U&video_id=-rhPOJwyRtQ 2. GST : SET-OFF AND CARRY FORWARD OF ITC UNDER GST : https://www.youtube.com/edit?o=U&video_id=NX7EKjH09qE 2.1. GST : how to find your state ward/circle/sector and center commissionerate/division/range : https://youtu.be/3x7QZ8xFlE8 3. GST : GST : How to download final Reg. certificate with certificate analysis in Hindi https://www.youtube.com/watch?v=H_g_TjglcEU&t=53s 4. GST : How to Check your Gst Registration Status through ARN !! https://www.youtube.com/watch?v=5G9SLZ24ttM&t=9s 5. GST : HOW TO FIND DEALER TYPE - A DEALER IS A REGULAR DEALER OR COMPOSITE DEALER !! https://www.youtube.com/watch?v=NVP8x7nrSOA 6. GST : Clarification regarding cgst and sgst rate bifurcation/proportion for intra-state sale @50-50 : https://youtu.be/14kmDepaMgY 7. MS EXCEL : How to insert multiple lines in a single cell in excel using ENTER : https://www.youtube.com/watch?v=G5fggPTEFiQ&t=28s 8. INCOME-TAX : HOW TO REGISTER PAN FOR FILING INCOME TAX RETURNS (ITR), REGISTRATION UNDER INCOME TAX : https://www.youtube.com/watch?v=UIaH2yB9XOk&t=14s
Views: 24134 Ratan Sarraf
Interest on Non/Less Payment of Advance Tax | Section 234B | All Details with Calculation Method
~~~~~~~~~~ VIDEO IS ABOUT: In this video we have discussed about Interest Imposed on Non Payment or Less Payment of Advance Tax in Income Tax under Section 234B also with the Information like Exempted Assessees, Calculation Method, Section 234 Criteria etc... ~~~~ TAGS: Income Tax, Section 234B, Interest Imposed on Non Payment of Advance Taxes, Interest Imposed on Less Payment of Advance Taxes, Section 234B Exempted Assessees, Section 234B Calculation Method of Interest, Section 234B Criteria... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
Advance Tax & Interest u/s 234A/B/C - Summary Video - CA Nikunj Goenka
Watch summary video of Advance Tax & Interest u/s 234 A/B/C of Income Tax Act, 1961 from our easy to understand revision charts
Views: 43949 Nikunj Goenka
Why does Starbucks pay so little tax? - MoneyWeek Investment Tutorials
Big, profitable companies can reduce their corporation tax bill to almost nothing. Tim Bennett explains how they manage it. Visit http://moneyweek.com/youtube for extra videos not found on YouTube. MoneyWeek videos are designed to help you become a better investor, and to give you a better understanding of the markets. They’re aimed at both beginners and more experienced investors. In all our videos we explain things in an easy-to-understand way. Some videos are about important ideas and concepts. Others are about investment stories and themes in the news. The emphasis is on clarity and brevity. We don’t want to waste your time with a 20-minute video that could easily be so much shorter. Related links… -What is profit? http://moneyweek.com/videos/beginners-guide-to-investing-what-is-profit-04914/ - The lazy way to get rich http://moneyweek.com/videos/investment-tutorial-compound-interest-compounding-14700/ - How to value a company using net assets http://moneyweek.com/videos/how-to-value-a-company-using-net-assets/ - What are earnings per share? http://moneyweek.com/videos/beginners-guide-to-investing-earnings-per-share-11612/
Views: 350178 MoneyWeek
How tax breaks help the rich
The US has a problem with income inequality. The current tax code makes it worse. Correction: At 2:20, we say that the Glenstone Museum is only open for private tours. But, in fact, it’s free and open to the public for scheduled tours. Subscribe to our channel! http://goo.gl/0bsAjO Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. The gap between the rich and the poor in America looks more like developing countries than other Western nations. Trump and the GOP have proposed tax plans that will give massive tax breaks to the wealthy while it remains unclear if the middle class will get a tax benefit. Deductions give a greater proportion of tax breaks to people with higher incomes. The same charitable contribution from two different incomes will benefit the higher wage earner, because deductions give tax breaks in proportion with tax brackets. Other countries have eliminated certain tax deductions in favor of tax credits. Credits give breaks in proportion to the amount you give, not the amount you owe. There are two kinds of income in the US. We tax wage income at a higher rate than income earned in stocks and bonds. That means people who get their income from capital gains and stock market interest pay fewer taxes than the same income of someone who works for a paycheck.
Views: 2145677 Vox
How to pay advance tax |  AY 2019 20
How to pay advance tax online and show in ITR AY 2019 20 Project - #makeknowledgefree By - Amlan Dutta Mrudula Ji Asks "This year my other income is coming around 100000 in various Bank FD and RDs and NSC (45000 in interest) Do I have to pay advance tax even though I am salaried because I have not declared them to my employer.? How do I pay advance tax? Answer: If total tax liability is 10000 Rs more, then you are liable to pay advance tax ...In your case, first figure out whether the taxable liability shall exceed 10,000 rs . If yes , then pay advance tax using challan 280...check video tab on how to pay advance tax
Views: 8213 Make Knowledge Free
Advance Tax Payment - Last Date 15th Mar 2019 |
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What To Do If You Can't Pay Your Taxes
If you owe taxes, you are supposed to send your payment with your tax return on or before April 15th, or the following Monday if April 15th is on a weekend or holiday. You should file a tax return even if you cannot pay. This video will discuss three options for dealing with tax debt if you cannot pay your taxes. Once you file a tax return, in most cases, the IRS has 10 years to try to collect taxes from you. At the end of 10 years, by law, the IRS may not collect the debt from you. If you cannot pay your tax debt at the time that you send your tax return, there may be other ways to pay that debt. If you cannot pay your taxes, you have three options: Installment agreement Currently not collectible status Offer in compromise Installment Agreement is your first option. If you choose this option, you will be paying your tax debt plus interest until your tax debt is fully paid. You must be able to make a payment to the IRS every month for a total of no longer than 36 months or three years until you pay the total tax debt. If you choose this option but then cannot make the payments you should contact the IRS right away. If you miss a payment, the IRS may try to collect the money you owe. Before they do this, you will receive IRS notices. To request an Installment Agreement use IRS Form # 9465. The form is available at the IRS website, www.irs.gov. Currently Not Collectible is your next option. If you have no money at all to pay your tax debt, but expect to have money to pay in the future, you may contact the IRS and ask that they place your tax account in “currently not collectible” status. To qualify for this status you must: Explain to the IRS that right now, you simply have no money left at the end of the month to pay your tax debt and give the IRS information about your monthly income and expenses to support your claim. The IRS may get your income and expense information from you over the telephone or may ask you to fill out a financial information sheet known as a Form 433-F. If your account is placed in “currently not collectible” status, the IRS may not take any collection action against you at this time for this particular debt, such as garnishing your wages or levying your bank account. Note that the account balance still exists, and interest and penalties will accumulate. The IRS may also file a lien even though your account is in “currently not collectible status.” The IRS may also keep any future refund that you may be owed and apply it to your past tax debt. The IRS will send you quarterly or yearly account statements until the debt is paid or until 10 years have passed. Offer in Compromise is your final option. If you believe that you will never be able to pay your tax debt, you may apply for the “offer in compromise” option. To apply for this option you must: File all of your tax returns for the past 6 years and convince the IRS that you will probably never be able to pay the taxes that you owe. Because the IRS is agreeing to forgive your debt, it will carefully examine your financial situation, education, work history and health. To do this the IRS will look at your bank account statements, proof of living expenses and income for several months. You may offer to pay a part of the total tax debt that you owe, and the IRS will forgive the rest of the debt. However, you should only offer an amount that you can actually afford. If you owe taxes and you cannot pay the IRS at the time that you are filing your tax return, call the Legal Services of New Jersey Low-Income Tax Clinic at the toll free Legal Services of New Jersey hotline number, 1-888-LSNJ-LAW for free assistance. Visit http://www.lsnjlaw.org for information about various areas of law, or http://www.lsnj.org to see client testimonials. Legal Services of New Jersey is a non-profit organization that oversees the coordination of five regional Legal Services programs. Our mission is to provide representation and advice to low-income New Jersey residents in civil legal cases. Twitter: https://twitter.com/LSNJ Facebook: https://www.facebook.com/LegalServicesOfNewJersey
Views: 3006 LegalServicesNJ
Tax Saving Tips | 80C,80EE,80D,80 TTA, 80 GG, 80 U
Among the various tax-saving options, most individuals prefer to claim tax deduction under Section 80C of the Income Tax Act, 1961. Section 80C allows individuals and HUFs to claim tax deduction of up to Rs. 1,50,000 from their gross total income for certain investments and payments. Income tax deductions on life insurance premium, an employee's contribution towards EPF (Employee Provident Fund), PPF (Public Provident Fund), children's tuition fees, pension plans, principal repayment on home loans and a host of other investment options are covered under Section 80C of the Income Tax Act. Many taxpayers exhaust the Rs. 1.5 lakh tax deduction limit under Section 80C. Additional investment in the various options will not provide further tax benefits. Here are some of the sections under income tax laws, apart from Section 80C, that help in cutting down the income tax burden. 1) NPS Additional income tax deduction of Rs. 50,000 is allowed for contribution to the National Pension Scheme (NPS) under Section 80CCD. This extra deduction of Rs. 50,000 on NPS increases the total deduction allowed under Section 80C and 80CCD to Rs. 2 lakh. 2) NPS Contribution Routed Through Employer Under the NPS corporate model, an employee can deposit the contribution directly or route the contribution through the employer he or she is working with. Employer's contribution to NPS up to 10 per cent of basic salary (plus DA) is allowed deduction under Section 80CCD (2). There is no cap for this deduction but the total deduction claimed for contribution by the employer should not exceed 10 per cent of the salary. (Read more) 3) Deduction of interest on housing loan Under Section 24B of the Income Tax Act, interest paid up to Rs. 2 lakh on housing loan is allowed as deduction from taxable income. On rented properties, the borrower can only claim deduction of up to Rs. 2 lakh per year after adjusting for the rental income. And the amount above Rs. 2 lakh can be carried forward for eight assessment years. 4) Deduction under Section 80EE Under Section 80EE, an additional deduction of Rs. 50,000 is available over and above the limit of Section 24B on interest paid on home loans if the person is buying a house for the first time (the person must not own any other residential property on the date of sanction of loan). 5) Deduction under Section 80D An individual can claim deduction of up to Rs. 25,000, if he or she is below 60 years of age, and Rs. 30,000 if above 60 years of age, towards medical insurance premium paid for self, spouse and children. Additional deduction of Rs. 25,000 is available if one has bought medical insurance for his parents. This deduction can go up to Rs. 30,000 if parents are above the age of 60. 6) Deduction under Section 80E A taxpayer can claim deduction for interest paid on education loan for him, spouse or children. There is no upper limit on the amount of deduction. (Read: Income Tax Benefits On Education Loan Repayment: 5 Things To Know) 7) Deduction under Section 80DD If an individual has dependants who are differently-abled, he or she can claim deductions up to Rs. 75,000 for expenses on their maintenance and medical treatment under this section. This deduction can increase to Rs. 1.25 lakh in case of severe disability. 8) Deduction under Section 80DDB An individual can claim deduction of up to Rs. 40,000 for treatment of certain diseases for self and dependants. The deduction can go up to Rs. 60,000 if the taxpayer is above 60 years and up to Rs. 80,000 if above 80 years. 9) Section 80GG If you don't receive HRA from employer and make payments towards rent, you can claim deduction under section 80GG towards rent that you pay. The deduction is lowest of the following: (a) Rs. 5,000 per month or (b) 25% of total income or 4 COMMENTS (c) Rent paid less 10% of income 10) Section 80G Donations To Charit
Views: 2681 The Viral Media
GST | Interest on Tax in case of Late Payment
~~~~~~~~~~ VIDEO IS ABOUT: GST, Goods and Services Tax, GSTR 3B, Interest, Late Fees, Late Payment, Interest on GST, Interest on Tax, Tax Liability, Interest will be charged in case of Late Payment of GST, What Interest Rate will be charged in case of Late Payment of GST... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
How To Earn Tax Free Interest on Property Tax Payments
http://www.canadianmortgagefinders.com Vancouver BC area mortgage broker John Charbonneau with TMG The Mortgage Group reviews a seldom used method to avoid a big annual property tax bill and how to earn tax free interest on your property tax payments.
What Does It Mean That Interest Payments Are Tax Deductible
What does it mean that interest payments are tax deductible KNOW MORE ABOUT What does it mean that interest payments are tax deductible Investment interest is tax deductible by individuals only to the extent of investment income. Investment income means interest from investment property, including knowing what tax deductible payments to claim can help put money back paying off a credit card balance over time, for example, signing up definition if an expense is, it be paid out of the deductible, so cost less than free gain 1 jun 2015 why business against taxes on earnings? More specifically, not eliminate deductibility interest, and at but that doesn't mean you get deduct those profits as expense!. The interest payments made on certain loan repayments can be claimed as a tax deduction the borrower's federal income return causes reduction in taxable or revenues for taxpayers who pay types of. What interest payments are tax deductible? Advice company. Mortgage interest deduction income tax savings benefit calculator the role of in corporate code can you write off mortgage on your taxes 2018? . If you have the financial means to do so, that is certainly a good question, and. Tax deductible interest investopedia terms t tax. Internal revenue service irs. Asp "imx0m" url? Q webcache. Interest deductions reduce the amount of income subject to tax. Other interest deductions can come from the paid on student loans definition of tax deductible amount as (on a home mortgage or other qualifying loans) that is allowed by taxation authorities taking out debt itself isn't its payments certain types are. Tax deductible interest investopediawhat is tax interest? Definition and meaning what does it mean to say that debt 'tax deductible'? Quora. Tax deductible definition and meaning why are interest expenses tax deductible? Econlib. Tax deductible interest payments the motley fool. Interest, dividend and other investment income deductions ato. Based on their circumstances, they can deduct the mortgage interest from taxable income, meaning that only have to pay federal income tax this means you reduce amount of your business earnings are subject for these payments. Googleusercontent search. Breaking down 'tax deductible interest' the internal revenue service (irs) provides tax deductions that can be used to reduce taxable income of certain taxpayers. 970, tax benefits for education, and can i claim a deduction for student loan buying a home can save you 10s of thousands of dollars in tax payments. However, if you use the credit card for most taxpayers who pay interest on student loans can take a tax deduction and that also means deduct loan even claim 2 feb 2017 but measure has to be paid for, analysts are only just starting initial focus been idea of border adjustment taxes 29 jun 2018 expenses incurred in earning interest, half any allowable account keeping fees. For example if you borrow $100 from a bank at 10. 2018 changes to mortgage interest income tax deduct
Views: 27 Bun Bun 3
Property Taxes & Your Mortgage - What's the Best Way to Pay
INTRO: Hi, my name is Anat Stapleton. Welcome to your Mortgage Minute, where I give you powerful insights to help you become mortgage savvy Along with your mortgage, paying your annual property taxes is one of your key responsibilities of home ownership. There are several options for paying your Property Taxes, and some of them can be tied in to your mortgage payments. Each option has its own pro’s and con’s, depending on your personal preference. Here are your Property Tax payment options: One: You can pay your annual Property Taxes in one, lump sum. You can pay this directly to the municipality in which your property is located. Two: You can pay your annual Property Taxes on a monthly basis to your municipality, by splitting up the total in to 12 payments. Many people like this option, as it makes budgeting easier than having to come up with a one lump sum and there’s no additional charge for splitting up the payments. (In Calgary, this monthly payment program is called the TIPP, Tax Instalment Payment Plan) Three: You can have the Lender include your Property Tax payments in your monthly mortgage payments. While this option is convenient, it can sometimes cause confusion. Depending on whether or not you have a fixed or variable interest rate, your mortgage payments will generally stay the same each month. However, Property Taxes usually fluctuate each year as property values go up & down, and this will change your monthly payments. Therefore, if your mortgage payments & property tax payments are tied together, it can be tricky to understand when your Property Tax payments increase & decrease. For this reason, many people who pay their Property Taxes on a monthly basis choose to keep them separate from their mortgage payments. That way, when the Taxes fluctuate, it’s easier to see why. ENDING: I’m Anat Stapleton, Mortgage Broker Extraordinaire, and this has been YOUR Mortgage Minute. See you soon.
Views: 5449 Anat Stapleton
Mortgage Interest Deduction | Mark J Kohler | Tax & Legal Tip
To sign up for my weekly newsletter, download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube What is the mortgage interest deduction and what are the 2017 and 2018 provisions? If you liked this video give it a thumbs up and subscribe! Don't forget to hit that bell icon too so you can be notified every time I post a new video! Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com
Views: 10829 Mark J Kohler
Why do we pay tax on interest on money in the bank?
Why do tax payers pay tax on interest payments on their savings? The value of your savings never seems to keep up with the real inflation. When fuel costs, energy bills are up into double figures, way above the mythical official rate of inflation, we make a loss. If our money is worth less even with interest added, we are in deficit. If a company makes a loss it does not pay tax on that loss, but we pay tax on our loss. Why?
Views: 536 davidnightingale
Tax Planning Series # 2 (Tax Benefits on Loans)
In this video we will discuss different types of Loans and their tax benefits. There are four types of loans. 1. Home Loan 2. Car Loan 3. Personal Loan 4. Educational Loan In home Loan Interest on Loan and Principal Repayment on Loan are eligible for deduction In Car Loan benefits is available only for the persons having their own business & Profession In Personal Loan there is no tax benefit available In Education Loan benefit is available only on Interest payment For more videos on 1. Tax benefits 2. how law is made in india 3. How to file income tax Return in India? 4. Benami Transaction Act 5. Goods and Services Tax Please visit https://www.youtube.com/channel/UCioQkEXj4bLTHV2-AO3eKRw Don't Forget to Subscribe If you really like our videos then please share with others because sharing is caring _________________________________________________________________ You can E-mail us on [email protected] _________________________________________________________________ Thanks for Watching....!!!
Views: 1487 White Collar
Student Loan Interest Deduction 2018 - Income Tax
Student Loan Interest Deduction 2018 - Income Tax Links to point in the presentation: 1:03 Can You Claim the Deduction 11:34 Figuring the Deduction 23:34 Effect of the Amount of Your Income on the Amount of Your Deduction 35:23 Student Loan Interest Defined 45:56 Qualified Education Expenses 51:01 Adjustments to Qualified Education Expenses 53:22 Include as Interest 56:41 Allocating Payments Between Interest and Principal 1:03 Don’t Include as Interest Publication 970 https://www.irs.gov/pub/irs-pdf/p970.pdf Student Loan Interest Defined Student loan interest is interest you paid during the year on a qualified student loan. It includes both required and voluntary interest payments. Qualified Student Loan This is a loan you took out solely to pay qualified educa-tion expenses (defined later) that were: • For you, your spouse, or a person who was your de-pendent (as defined later for this purpose) when you took out the loan; • Paid or incurred within a reasonable period of time be-fore or after you took out the loan; and • For education provided during an academic period for an eligible student. Loans from the following sources aren't qualified stu-dent loans. • A related person. • A qualified employer plan. Your dependent. Generally, your dependent is someone who is either a: • Qualifying child, or • Qualifying relative.You can find more information about dependents in Pub. 501. For this purpose, the term “dependent” also includes any person you could have claimed as a dependent on your return except that: • You, or your spouse if filing jointly, could be claimed as a dependent of another taxpayer (like on your pa-rent’s tax return); • The person filed a joint return; or • The person had gross income for the year that was equal to or more than $4,150 (for 2018). Reasonable period of time. Qualified education expen-ses are treated as paid or incurred within a reasonable pe-riod of time before or after you take out the loan if they are paid with the proceeds of student loans that are part of a federal postsecondary education loan program. Even if not paid with the proceeds of that type of loan, the expenses are treated as paid or incurred within a rea-sonable period of time if both of the following require-ments are met. • The expenses relate to a specific academic period. • The loan proceeds are disbursed within a period that begins 90 days before the start of that academic pe-riod and ends 90 days after the end of that academic period. If neither of the above situations applies, the reasona-ble period of time usually is determined based on all the relevant facts and circumstances. Academic period. An academic period includes a se-mester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. If an educational institution uses credit hours or clock hours and doesn't have aca-demic terms, each payment period can be treated as an academic period. Eligible student. An eligible student is a student who was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational cre-dential. Enrolled at least half-time. A student was enrolled at least half-time if the student was taking at least half the normal full-time workload for his or her course of study. The standard for what is half of the normal full-time workload is determined by each eligible educational insti-tution. However, the standard may not be lower than any of those established by the U.S. Department of Education under the Higher Education Act of 1965. Qualified Education Expenses For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible edu-cational institution. They include amounts paid for the fol-lowing items. • Tuition and fees. • Room and board. • Books, supplies, and equipment. • Other necessary expenses (such as transportation). The cost of room and board qualifies only to the extent it isn't more than: • The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purpo-ses) for a particular academic period and living arrangement of the student; or • If greater, the actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Eligible educational institution. An eligible educational institution is generally any accredited public, nonprofit, or proprietary (privately owned profit-making) college, university, vocational school, or other postsecondary educational institution. Also, the institution must be eligible to participate in a student aid program administered by the U.S. Department of Education. Virtually all accredited postsecondary institutions meet this definition. An eligible educational institution also includes certain educational institutions loca
Deductible Taxes, Interest, and Charitable Contributions
Lecture Content Schedule A is one of the most frequently used IRS forms. This is the second of four manuals we offer which provides a detailed look at the rules and limits that affect taxpayers who itemize deductions. No CE is awarded with the purchase of this manual. If you would like to receive CE, you must purchase and complete the full version of this course. Topics Covered * Deductible taxes including: Income and sales taxes, property taxes, foreign taxes * Calculating the taxability of refunds * Deductibility of mortgage interest including: acquisition and home equity loan interest, mortgage insurance premiums, seller financed mortgage payments * How to read closing papers and determine which amounts are deductible *Investment interest expenses and how to complete Form 4952 * Cash and noncash contributions to charity * Volunteer expenses * Limits on charitable deductions You can purchase the manual for this course for $2.99 at http://pnwtaxschool.com/oc-catalog/all/section-1084?keywords=deductible%2Ctaxes Pacific Northwest Tax School is approved by the following organizations as a provider of continuing education: * The IRS * NASBA QAS (NASBA Sponsor #109290), * Oregon Tax Board, * The Texas State Board of Public Accountancy (Texas Sponsor #009794) * The New York State Board for Public Accountancy (Sponsor License #002479) You can receive 4 hours of CE by enrolling in this course at http://pnwtaxschool.com/oc-catalog/all/section-924?keywords=deductible%2Ctaxes The cost of the course is $60. Terms of Use or Enrollment Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
Service Tax payment, how to pay service tax online, Service tax
Service Tax payment, online Service tax payment, service tax online payment, Service tax Interest payment, online service tax interest payment, how to pay interest on service tax, how to pay penalties on service tax, service tax payment through online, service tax procedure, service tax caluculation, service tax entry
Views: 23863 Wisdom Tally
If you pay student loans, the GOP tax overhaul could affect you. Here’s how
Both the Senate and House tax overhaul bills could make higher education more expensive for some students, though in different ways. The biggest proposed changes in the House bill would end the deduction for interest paid on student loans, a deduction used by some 12 million people in 2015. John Yang learns more from Danielle Douglas-Gabriel of The Washington Post.
Views: 16736 PBS NewsHour
Tax Tip: Estimated Payments Save Interest and Penalties
So back to estimated taxes. There is no law that says, “Thou Shalt Make Estimated Tax Payments.” However, IRC Section 6654 says that if you do not make estimated payments, then the IRS will impose two charges on you - late payment interest and late payment penalties. To avoid these charges, the IRS Safe Harbor rule requires your estimated tax payments equal 90% of the current year tax or 110% of the prior year’s tax, if your income is over $75K for an individual or $150K for a married couple. Late Payment Interest is charged at the applicable federal rate plus 3%. As of April 2018, the AFR is 2.1%. Therefore the late payment interest is 5.1%. But wait a second, the IRS not only charges you interest, but they compound it daily. Said differently, they charge you interest on your tax every single day. The daily rate of five point one percent annually equates to a daily rate of 0.014%...
Views: 86 David Groce
IRS Interest and Penalty Calculator - Income Tax
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Interest on Advance Tax Sec 234C  Que 4
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Ms Cornelia Barnbrook, Tax Consultant - Dividends, licenses and interest payments Germany to Israel
Successful Export to Germany Tel Aviv, January 8, 2014 Dividends, licenses and interest payments Germany to Israel Comparison of corporate tax rates and witholding tax rates in Europe. Israeli corporation establishes a subsidiary in Germany. Taxation of profit and dividends in Germany, taxation of license fees in Germany, taxation of loans and interest. http://www.angels4u.co.il/
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Is Interest Paid On A Car Loan Tax Deductible
"Is Interest Paid On A Car Loan Tax Deductible Watch more videos for more knowledge Interest is tax deductible! - YouTube https://www.youtube.com/watch/IieTGtNvpac Understanding The 1098-E And Student Loan ... https://www.youtube.com/watch/TnephyUvrXI Principal Payments Are Not a Deduction - YouTube https://www.youtube.com/watch/3koGaVo-2CA Mortgage Interest Tax Deduction - YouTube https://www.youtube.com/watch/JlLyCUbpWKU Interest Expense Deduction - Taxation in the USA ... https://www.youtube.com/watch/QH6U5H9wXGk Expenses That Are Tax Deductible When Working ... https://www.youtube.com/watch/73t_hrqdXE0 How to Calculate Car Payments - YouTube https://www.youtube.com/watch/x77rCEKU29Y How to Get Your Student Loan Tax Deduction ... https://www.youtube.com/watch/jX_av1oDL5k How to take TCS credit on car purchase | AY 2018 ... https://www.youtube.com/watch/vB7UV-3HfhU How to take tax deduction benefit for home loan ... https://www.youtube.com/watch/9RdN8XnLIes What is the Average Car Payment Per Month in 2017 ... https://www.youtube.com/watch/4DPd-yq4m2Y Is A Car Payment A Fixed Expense? - YouTube https://www.youtube.com/watch/QFRW1A5YEZU How Can I Pay Off My Car Loan Faster? - YouTube https://www.youtube.com/watch/0bAR0oKL2R8 Vehicle Purchase & The Affect Your Credit Score ... https://www.youtube.com/watch/pHfMkSYuW3g Buying a New Car: Should I pay Cash or Get a Car ... https://www.youtube.com/watch/WH9w3YV0w0w How to Know What's a Business Tax Deduction ... https://www.youtube.com/watch/swA38AzOWNA How To buy a car for business tax write off? https ... https://www.youtube.com/watch/0drhMUDaUf4 How To Get All Tax Deductions Possible When ... https://www.youtube.com/watch/LSumDikox2I Can You Deduct Car Insurance On Taxes? - YouTube https://www.youtube.com/watch/L0OoE3Ilnto How to Get Income Tax Exemption on Home Loan ... https://www.youtube.com/watch/Ooh1aYYGlWw"
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ADVANCE TAX | Interest u/s 234A B C
to see more useful videos click below link https://www.youtube.com/user/venkat444s/videos ADVANCE TAX COMPLETE INFORMATION Interest u/s 234A Interest u/s 234B Interest u/s 234C EXPLANATION Salaried,freelancers and businesses– If your total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all tax payers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax Introduction to Section 234A – Interest for Default in Filing Tax Return What is 234B interest in Income Tax? Interest under section 234B of Income Tax Act is levied upon those taxpayers who default in payment of Advance Tax. There are other similar interest penalties applicable under section 234A (delay in filing tax return) and section 234C (defaulting payment of Advance Tax instalments). INTEREST U/S. 234-C FOR DEFERMENT OF ADVANCE
Views: 1577 Venkat S
Liability of Advance Tax Payment, Interest @ 1% p.m. under section 234C
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टैक्स का भुगतान, बियाज का भुगतान, Late फीस का भुगतान GST Late Fees का खाता खोलना Busy Accounting Software मे GST IGST TAX PAYMENTPayment Interest Payment For Gst Return Late Fees Payment For GST 3B Return Penalty Payment In GSTR 3B GST LATE FEE AND INTEREST ACCOUNT CREATION IN BUSY
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Interest on Debentures and TDS (Tax Deducted at Source) ~ Journal Entries
Described the procedure of calculation of Interest on Debentures and journal entries and concepts related to TDS.
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Mortgage Interest Tax Deductions
Here I explain why it's better to have a lower mortgage interest rate and receive less interest mortgage deduction than to pay more interest on a higher rate loan just for a tax deduction.
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Easy Ways to Pay My IRS Taxes
When you have a tax bill to pay, you have a number of payment options to choose from. Learn more at https://www.irs.gov/payments
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Forecasting Step 4 -- Forecasting interest expense and taxes
The next step in the P&L is to forecast interest expense and taxes which then gets us to final net profit.
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2018 TAX REFORM: 3 things you NEED TO KNOW that will EFFECT HOMEOWNERS and REAL ESTATE! Some major changes happening with this new Tax Reform. •STANDARD DEDUCTIONS increases to $12,000 for single filers and $24,000 for Married filers(there is no INCOME CAP ON THIS) •MORTGAGE INTEREST DEDUCTION reduced on $750,000 loan amount from $1,000,000; No more interest deductions for HELOCS(HOME EQUITY LINES) •SALT now capped at $10,000-state and local tax As always giving value (please consult your CPA or Tax planner for your scenario) Watch me, follow me, like me, subscribe to me #2018TaxReform #TheLead #AlbertChavez #HomeLoansByAlbert #AskAlbert NMLS 321500 BRE 02041044
Views: 6260 Albert Chavez
how to pay late fee under section 234f | Income Tax Return | late fee payment
How to Pay late fee under section 234f - payment of late fee in income tax return. In this video we will know how to pay late fee u/s 234f. We can pay late fee by using incometaxindiaefiling website. Hope you like the video. Thank you. LIKE and SUBSCRIBE If you like the video, please LIKE and SHARE it with your friends on social sites. Subscribe to this channel so that you do not miss out on the new videos on this series. Connect with eLearningGang Subscribe on Youtube : https://youtube.com/eLearningGang Important Playlist - 1) Check all videos of AY 2019-20, Income Tax Return and Playlist. File itr1 for ay 2019-20 https://youtu.be/5hCUYnw75JQ ITR filing AY 2019-20 Playlist https://www.youtube.com/playlist?list=PL36dLwVaM1GfG5A1S2iFrMw3oAZelYv5z 2) Issues after ITR filing https://www.youtube.com/playlist?list=PL36dLwVaM1GddQMsuN1pLT815A5GnV-SN 3) Important topic before Income tax filing https://www.youtube.com/playlist?list=PL36dLwVaM1Gfq7rXDX3sjRelmR6QkTsUs 4) Check all videos of Tax Planning - Plan and Save Tax https://www.youtube.com/playlist?list=PL36dLwVaM1GduWz0GBwkUbZWtDPEG59Gs 5) See all Videos of MS Excel Tutorial in Hindi : https://www.youtube.com/playlist?list=PL36dLwVaM1GczZWwmyUT4B_cnBqkVhmFg 6) See all Videos of GST in Hindi : https://www.youtube.com/playlist?list=PL36dLwVaM1GdwfmQVS8P2OaYk-Vr60Vjl 7) E-way bill in Hindi https://www.youtube.com/playlist?list=PL36dLwVaM1Gf3dnL7IibQXHN5mGeEKlN8 Connect with us on Social Media : Facebook : https://www.facebook.com/eLearningGang Twitter - https://twitter.com/elearninggang Instagram - https://www.instagram.com/elearninggang Copyright Notice: This video may not be downloaded or distributed in any way without permission from eLearningGang. Contact us if you have such a need.
Views: 15522 eLearningGang
Home Loan के Income Tax Benefits in Hindi | Home Loan Tips India Hindi
होम लोन का सबसे पहला और महत्वपूर्ण फायदा यह है कि एक व्यक्ति को उसके द्वारा दिए गए ब्याज पर छूट दी जाती है. इसलिए जो लोग उच्च कर ब्रेकेट के तहत आते हैं, उनके लिए होम लोन लेना एक अच्छा विकल्प हो सकता है. क्योकि वे व्यक्ति इनकम टैक्स रिटर्न भरते समय कर कटौती के रूप में होम लोन पर ब्याज दिखा कर करों को बचा सकता है. Buying your first house on a loan comes with multiple tax benefits. These deductions not only reduce your tax outgo but also help in managing your cash flows better. To explain the Tax Benefit on Home Loan, we would be dividing the Repayment of Home Loan into 2 components:- · Repayment of the Principal Amount · Repayment of the Interest on Home Loan As the repayment comprises of 2 different components, the tax benefit on home loan is governed by different sections of the Income Tax Act and these are claimed as tax deductions under different sections (Section 80C, Section 24 and Section 80EE) while filing the Income Tax Return. For all this and more, please watch the video. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Income Tax | Interest from NSC, KVP, NSS etc. are Taxable or NOT ?
~~~~~~~~~~ VIDEO IS ABOUT: Income Tax, Tax on Interest, Interest on NSC/KVP/NSS etc, Taxability of NSC/KVP/NSS etc, Interest from National Savings Certificate / Kisaan Vikaas Patra / National Savings Scheme etc. are TAXABLE or NOT... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
eTax.com Student Loan Interest Tax Deduction
http://www.etax.com Monthly student loan payments can be a frustrating drain on young working people -- and the knowledge that much of each payment is going to pay interest even more so. Fortunately, when tax time comes around, the interest paid on your student loans can be taken as a tax deduction. The Student Loan Interest deduction is taken in the "adjustments to income" section instead of miscellaneous deductions if you file your return on Form 1040 -- meaning that even if you are taking the standard deduction, you can still benefit from this opportunity. The Student Loan Interest deduction may be taken by a taxpayer who has paid interest on their own student loan, a dependent's student loan, or that of a spouse (if married, filing jointly). The ability to claim the deduction depends upon the taxpayer's modified AGI, with the amount of the deduction being reduced as income increases. For taxpayers who are married, filing jointly, the phase-out begins at a modified AGI of $125,000, and the income limit to claim any amount of deduction is $155,000 (limits rise by $5,000 beginning with the 2014 tax year). For all other non-married filing statuses, phaseout begins at $60,000 and ends at $75,000. Married persons filing separately are not eligible for the student loan interest deduction. The maximum deduction amount that can be claimed is $2,500 per taxpayer.
Views: 3865 eTax.com
ADVANCE TAX: Liability to Pay, Online Payment; Interest for Default
Payment of Advance Tax (by Whom) Due Dates of Advance Tax (4 Instalments) Interest under Section 234C; 234B & 234A Filing of Return before / After Due Date Online Payment of Tax: Advance or Self-Assessment
Advance Tax & Interest U/s 234A,B,C of Direct Tax Short Summary for CMA Final, CA Final, CS
Short Summary of Advance Tax & Interest U/s 234A,B,C of Direct Tax CMA Final, CA Final, CS. Notes of this Video can be downloaded from Telegram Channel https://t.me/finnactax Also comment your reviews and queries not only of this but of other topics too
CS Executive - Advance Tax, Interest & late filing fee for Income Tax Return (AY 2018-19)
CS Executive - Advance Tax, Interest & late filing fee for Income Tax Return (AY 2018-19) by CA Vivek Goel CS Executive & CMA Inter / Final 2018 Exams Advance Tax Interest u/s 234A, 234B & 234C Fee u/s 234F for late filing of Income Tax Retrurn #CS #CSEXECUTIVE #DEC2018
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Calculating federal taxes and take home pay | Taxes | Finance & Capital Markets | Khan Academy
Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/calculating-state-taxes-and-take-home-pay?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/tax-brackets-and-progressive-taxation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Benjamin Franklin (and several other writers/philosophers) tells us that "In this world nothing can be said to be certain, except death and taxes." He's right. This tutorial focus on personal income tax. Very important to watch if you ever plan on earning money (some of which the government will take for itself). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 143794 Khan Academy
Tax benefits on repayment of interest availed on home loans
Description- While repaying the interest on home loan, there are certain tax benefits. This video talks about such tax savingsin detail. For any queries relating to tax, do ask us using #AskBlock. To have your taxes filed by our expert within 24 hrs, Sign up today! http://bit.ly/1CI5pCt H&R Block is the largest Tax Services provider for Individuals and Businesses having filed over 720 Million returns filed worldwide annually. We help people in income tax e filing. eFiling income tax return is mandatory for all individuals with taxable income to remain compliant as per income tax act of India. Income tax return filing due date is 31-July every year. You can also visit our website to know more about us at: https://www.hrblock.in/ Subscribe to our Youtube channel for latest videos & updates related to taxation: http://bit.ly/HRBsubs Avail individual tax services by H&R Block Income Tax e-Filing by Experts: http://bit.ly/2AtMSPi NRI Tax e-Filing: http://bit.ly/2Axsgp4 Tax Consultation & Scrutiny : http://bit.ly/2AtMqk4 Follow us on our social media network: Facebook: https://www.facebook.com/india.hrblock/ Twitter: https://twitter.com/HRBlockIndia LinkedIn: https://www.linkedin.com/company/h&r-block-india/ Google+: https://plus.google.com/+HrblockIn Quora: https://www.quora.com/profile/HR-Block-India
Views: 3318 H&R Block India
Section 194A | TDS on Interest | Income Tax Act 1961 | In Hindi
Query solved- What is Section 194A? When does TDS under Section 194A need to be deducted? When is tax deducted at nil rate or lower rate? Who is responsible for deducting this TDS? What is the rate of TDS? What is the time limit on depositing TDS ? ----------------------------------------------------------------------------------------------------- Also watch our other videos- Mukhyamantri Subha Laxmi Yojana Rajasthan Rs 7300 | मुख्यमंत्री शुभ लक्ष्मी योजना राजस्थान |- https://youtu.be/Qr8A0BgHnvE GST वीकली कैलेंडर #6 05-03-2018 से 11-03-2018 | GST Weekly Calendar #6 05-03-2018 to 11-03-2018 |- https://youtu.be/tWXepN1iWhI GSTR 3B New Changes introduced | User friendly | GSTR 3B filing made easier |- https://www.youtube.com/watch?v=P6pmGb2tgQc कांट्रेक्टर पेमेंट्स पर TDS | TDS on Contractors under Section 194C of Income Tax Act |- https://www.youtube.com/watch?v=VQC2X6C1DTc सुकन्या समृद्धि योजना | Sukanya Samriddhi Yojana in hindi | Deduction u/s 80C | बेटी बचाओ बेटी पढाओ - https://www.youtube.com/watch?v=1lt-90-bAe8 GST वीकली कैलेंडर #5 19-02-2018 से 25-02-2018 | GST Weekly Calendar #5 19-02-2018 to 25-02-2018 | - https://www.youtube.com/watch?v=eOco5t0lDVE राजस्थान बजट 2018 Highlights | Rajasthan Budget 2018 Highlights | Farmers loan waived- https://www.youtube.com/watch?v=Sj7_q12EffE Income Tax Deductions Part- 2 | Section 80CCD to 80U Chapter VIA of Income Tax Act 1961 (हिंदी में )-https://www.youtube.com/watch?v=DtSo5gqnV7w -------------------------------------------------------------------------------------------------------- Like, Share, Comment, Subscribe, and don’t forget to press the bell icon to get instant notification on our videos. Also watch our videos on: GST VIDEO SERIES: https://www.youtube.com/playlist?list=PL9SBNN0u_c-1veCL0kt_MuWwKpfFlGFx- INCOME TAX VIDEO SERIES: https://www.youtube.com/playlist?list=PL9SBNN0u_c-3k_viJdE0BCqSn3TqwwLRQ OTHER INFORMATIVE VIDEO: https://www.youtube.com/playlist?list=PL9SBNN0u_c-3veuQrnVK_AWFuqU34hOD4 MATOLIA ASSOCIATES TAX CONSULTANTS Connect with us on: Facebook: https://www.facebook.com/matolia.associates/ Instragram : https://www.instagram.com/matolia.associates/ Twitter : https://twitter.com/matoliatax Prahlad Rai Sharma Facebook: https://www.facebook.com/prahladraisharma63 ------------------------------------------------------------------------------------------------------------------------------------ DISCLAIMER This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end. ------------------------------------------------------------------------------------------------------------------------------------ #gst #goodsandservicestax #tax #incometax
Interest Tax Deduction
Biz2credit: https://www.biz2credit.com/ Related Resource: https://www.biz2credit.com/knowledge-center/ebook/tax-talk As a small business owner, you can have deductible interest payments on start-up loans,SBA loans, equipment loans, franchise loans and business line of credit. For any capital assistance required for your business, you can contact Biz2Credit. For further queries, contact us at: 800-200-5678 Follow us at: Twitter: https://twitter.com/biz2credit Facebook: https://www.facebook.com/biz2credit Linkedin: https://www.linkedin.com/company/265111 Pinterest: http://www.pinterest.com/biz2credit/ Google+: https://plus.google.com/u/0/+Biz2credit/
Views: 174 Biz2credit
Pay tax in interest from recurring deposits
Now Pay tax in interest from recurring deposits know the details from consumer voice experts. Website: https://www.Consumer-Voice.org Banking and Finance Recommendations: https://www.consumer-voice.org/product-category/banking-finance/ Email: [email protected]
Views: 650 Consumer VOICE
Witholding Tax From Payments to Non Residents - Payments covered under Section 195
Payments covered under Section 195 - Withholding Tax From Payments to Non Residents Witholding Tax From Payments to Non Residents Course link - https://learn.arinjayacademy.com/learn/Withholding-Tax-from-Payments-to-Non-resident---Procedures Withholding tax for payment to non-resident and issuance of Form 15CA /15CB. This course analyses the relevant withholding tax provisions and procedures which would assist CA's and Industry expert in withholding tax compliance and certification. Topics Covered 1. Section 195 Payment covered u/s 195 - - Interest payments to non-resident - Any other Sum Chargeable to tax (Other than salary) 2. Payments to non-resident not covered under section 195 3. Payments to non residents taxable on gross basis 4. Payments to non residents taxable on net basis 5. Person responsible to withhold tax on payments to non-resident 6. Who is liable to withhold tax u/s 195 ? 7. Liability of resident to withhold tax u/s 195 ? 8. Liability of resident to withhold tax u/s 195 - Royalty/ FTS 9. Liability of non-resident to withhold tax u/s 195 - Royalty/ FTS 10. Time of deduction of withholding tax u/s 195 11. Rate of deduction of withholding tax for payment to non-resident 12. Selection of withholding tax rate depends on existence of DTAA 13.Higher Withholding tax rate on non-furnishing of pan by Non-resident - Section 206AA 14. Non-applicability of section 206AA on payments to non-resident – Rule 37BC 15.Non-applicability of section 206AA on interest payment 16.When section 206AA is applicable ? 17. Whether surcharge and Cess would be levied on withholding tax rates ? 18. Determination of WHT – AO Certificate 19. Certificate u/s Section 195(2) applied by payor 20. Certificate of Nil withholding tax u/s SECTION 195(3) applied by NR payee 21. Certificate for deduction of tax at a lower rate - Section 197 applied by NR payee 22. Validity period of certificate for non deduction of WHT – Section 195(4) 23. Format of Lower withholding tax certificate given by AO 24. Reporting of foreign remittance in Form 15CA and Form 15CB – Section 195(6) 25. Refund of TDS u/s 195 to the payer 26. Process of claiming refund of TDS u/s 195 27. FORM 15CB AND FORM 15CA - Relation 28. Who can issue form 15CB ? 29. Documents to be examined by Chartered Accountant for issuing form 15CB 30. Sample copy of form 10F 31. Whether to apply DTAA rate or rate of Income tax act ? 32. Payments to non-resident for which no form 15CA / Form 15CB to be filed 33. Negative list of payment for which no form 15CA / 15CB required 34. When to file Form 15CB ? 35. How to fill form 15CB ? 36. Reporting under Form 15CA 37. Step-by-step procedure to fill form Part C of form 15CA 38. Liability to withhold tax u/s 195 ? 39. Withholding tax rates under Income tax act for payments to non-resident 40. Due date for payment of TDS deducted from payment to non-resident 41. Step-by-step procedure to file form 15CB 42.Step-by-step procedure to Prepare and submit form 15CA online 43. Revision / withdrawal of Form 15CA / 15CB in case of error
Views: 164 Arinjay Academy

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