The Tax Preparation Blog

Archive for April, 2006

Question: How to pay self-assessment tax online through ICICI bank net banking?

I am an individual & have a/c in ICICI bank. I have to pay self-assessment tax. I know that I need to fill challan no. ITNS 280 and click “0021 Income-tax”.
But when I fill all the details at https://onlineservices.tin.nsdl.com/etaxnew/Index.html & proceed to Bank site its asks for corporateId, userId & password.

For netbanking I only have userId & password so what is this corporateId ?

How do I pay ?

Answer: Below the Corparate ID, User ID and Passward box you will find a button called “Personal (Retail) Login” Just click on it. You will find another screen. In that login like you login for your banking transactions. That is all.

While filling the ITNS 280, be careful to select Self Assessment Tax and Assessment year 2009-10. Wrong selection will lead to trouble. Take all the care. You can avoid payment at any stage untill you enter the debit card details.

Now view your tax credit online, Form 26AS decoded

Income Tax department has introduced a new facility this financial year 2009-10 (AY 2010-11) for viewing your tax payments made it is called ‘Tax Credit Statement’ or PAN LEDGER or Form 26AS.

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The Hindu Business Line : Govt mulls two-rate personal tax structure

In the run-up to Budget 2010-11, the Finance Ministry is mulling a reduction in the number of personal incometax rates from the current three to two.

5-13-09 What Is Conservativism

There are two cities in the United States where you can start checking for apartments, Pittsburgh and Denver. You can definitely search for Pittsburgh apartments for rent and not worry about finding a new job in the city because there are a lot to find. For so many years Denver is home to large corporations of the central region of United States including energy and mining companies. The booming proof to this is the fact that the city currently holds the lowest unemployment rate in the country together with a few others. Real estate investment has also increased making it easier to search for Denver apartments for rent.

Pittsburgh’s economy is continuously growing and focuses on education, technology, healthcare, and financial services. Even during the economic crisis resulting to recession in 2008, the city has added jobs, evidence that they have a stable and strong economy. The city has also been named as America’s most livable city and the tenth cleanest city in the United States. Pittsburgh apartments for rent are vast and you will discover that there is so much more to discover in Pittsburgh. Planning to move to the city will never be a mistake because rent is affordable and apartment owners favor and welcome out-of-town buyers. Occupancy rate in the city is so high, which only means higher cash flow with a guaranteed quick return of investment.

There are several sources to find Denver apartments for rent. You can go around the city and check each prospective unit personally, ask from relatives and friends for referrals, coordinate with lease agents, or do an online search. You can establish the amount that is within your budget. This will help narrow down your choices. If you are not satisfied with Pittsburgh alone, check out Denver apartments for rent so that you will have better idea of what to consider. Denver is a city and county in the state of Colorado. Because it is located between the large cities of St. Louis and Chicago, Denver has been considered the key trade point of the state. It has also become the storage and distribution location for goods and services to nearby mountain states.

But before you even start to search for Pittsburgh apartments for rent or Denver apartments for rent, make a checklist of what to consider. You need to come up with the kind of apartment you want and the preferred surrounding neighborhood. A perfect apartment would be one with easy access to places like hospitals, schools, malls, and recreation centers. Check on the apartment security, the availability of parking space, and its total ambiance. If you are bringing along a pet with you, be sure that the Pittsburgh apartments for rent you are considering is pet friendly. Let’s admit it, apartments that do not allow any type of pet does exist, which is why it is important to check your prospect well.

Gather relevant information before finalizing the rental agreement. You need to be ready when answering questions by the landlord or lease agent regarding tax returns or pay stubs, credit checks, etc. Equip yourself with references that could include previous landlords and contact information.

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Question: H & R Block Online Tax Preparation Question. Why is H&R Block online still waiting for certain forms?

I am filing my taxes online with H & R Block for probably the 5th year in a row. I have everything complete but my form for education expenses last year. I keep getting an error that says that form is not ready yet and to check back in late January. It’s now February 3rd and it still says the same thing. They claim that the government changes tax laws very close to the end of the year sometimes and they have to wait until they are sure that the forms are correct. But, if that was the case, how could other companies i.e. turbo-tax, have their tax forms ready? Also, I know people that have gone in person to H & R Block as early as Jan. 15th and completed their taxes. What are they waiting for online?

Answer: All I can say is next time, go to a real professional. HRB gets sued hundreds of times a year for their faulty programs.

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Pittsburgh Promise to help parents with tax forms

Families of juniors and seniors in the Pittsburgh Public Schools can receive Free Tax Preparation and help with preparing forms for federal student aid, the executive director of the Pittsburgh Promise announced tonight.

Seduction

Question: A list of all homeowners and home buyers tax credits?

I am buying a home in California. It is scheduled to close this month. I know I am eligible for the $8000 tax credit. I also know that there are homeowners tax credits out there such as a credit of up to $1500 (30%) for making the home more energy efficient such as installing new windows.

Are there any other tax credits that I should be aware of? I am looking at doing a lot of work on the house and

Answer: If you plan on purchasing energy efficient windows this year then you may be able to take advantage of a great new tax credit. This credit will be applied against any new window purchasing during the upcoming tax year that qualifies as energy efficient. You could receive a tax credit for up to 30% of your window purchase that caps out at a $1,500.00 credit. The windows must be used from January 1st, 2009 through December 31, 2010 The windows must meet federal guidelines to be considered energy efficient.

New doors, or skylights may qualify as well.

There are a lot of new credits out there but these are about the only relating directly to home improvements and home purchases. Remember that new credit of $8,000.00 must be repaid over the next 15 years. It is essentially an interest free loan.

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Housing Animal Spirits to Be Banished by Prime Foreclosures

Jan. 4 (Bloomberg) — Homeowners with the best credit are the next big risk for the U.S. housing market. An increase in mortgage defaults among prime borrowers in 2009 is likely to accelerate this year, slowing the real estate recovery even as Americans become more optimistic about the economy, said Robert Shiller and Karl Case , the economists who created the S&P/Case-Shiller Home Price Index.

$18,000 Home Buyer Tax Credit