The Tax Preparation Blog

Posts Tagged ‘incometax’

Network marketing has exploded and it is not surprising to me at all. This industry is great and more importantly the Internet is helping boost its popularity. There are no special skills that can’t be learned as-you-go and if you’ve never done something like this before you will learn alot. It’s a process and who knows, it may become your passion like it has for me, my only regret is that I never started sooner.

The downside is that a lot of people fail because when they don’t make a large amount of money right away they quit, trust me, this will take time and effort on your part if your goal is to earn a residual income.

If someone told you “it’s easy, you will be making $5,000 or $10,000 in no time, RUN!” Often times people who don’t see immediate success blame the companies, their upline, the product or service when they should be blaming themselves.

I chose Savings Highway as my vehicle to earning a residual income because it’s a stable company with integrity that offers real value and savings to real people just like me. Sure, it hasn’t happened overnight but I feel pretty darn good about promoting a program that the “average Joe” can really sink their teeth into and that’s important!

Look, there is no easy way to earn a residual income with any program that you decide to get involved with. Sure, after you begin to promote it and get the hang of it, make some sales it may seem easy. But it does take some work to get to this point.

Most people who find a way to earn a residual income from their home with the internet is that once you find one program and become successful with it, then and only then should they look to find another. Some are so desperate to make money they end up dropping alot of cash trying with different programs and they end up spreading themselves too thin. You are better off in getting the skills and training to learn how to earn an income such as this and FOCUS, FOCUS, FOCUS ON ONLY ONE!!!

You can eventually have multiple streams of residual income that allow you to put in some hard work at the beginning and see dividends in the form of passive income for months or even years to come. It’s not being lazy, it’s being SMART!

Unions against taxing savings schemes on withdrawal

The central trade unions would press for shelving a proposal that wants to tax withdrawals from savings schemes, including provident funds, at the pre-Budget meeting with Finance Minister Pranab Mukherjee on January 14.

Tax Guru – Part 3

Question: In INDIA How do i check my income tax payment status online with my name and PAN No ?????

Answer: IT is not clear from the question that whether you are a deductor or a deductee.

If you are a deducter, you can check the details of TDS that you deposited in the bank. open the following site
https://tin.tin.nsdl.com/oltas/servlet/TanSearch and give the TAN and year and then you can see a list. It contains all the amounts that you deposited in the bank during the financial year.

If you are a deductee, first you need to register your PAN with a TIN FC and then you will be able to see the Annual Tax Statement (Form 26AS) online. Form 26AS will display details of tax deducted/collected on your behalf by deductors and advance tax/self assessment tax /regular assessment tax etc., deposited in the bank by the taxpayer.

Golden Gate-North Naples merger talk turns to tax discussion

For the second time in nearly five years, Golden Gate and North Naples fire board members sat down to discuss a possible merger, Jan. 4, this time at the North Naples administration headquarters

Dragon Cement/Lichen Effects?

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.

Question: I have an internet business…?

My funds are all in American…what are the laws for income tax. I live in Canada

Answer: You should talk to a local accountant.

I have two Internet businesses and most of my clients are from the US. I convert the money to Canadian and pay tax on that.

But as I said, you should talk to an accountant who lives nearby and who knows the laws that apply to you.

Armtec Infrastructure Income Fund Unveils New Corporate Identity

Armtec Infrastructure Income Fund today unveiled a new corporate visual identity that reflects the Fund’s unique position in the infrastructure and construction industry. The new identity represents the culmination of the Fund’s transition from its former divisional structure to a national organization.

Tax rates in Ontario Canada

Question: Is there a online income tax filing service/portal in india ?

I am looking for a online income tax preparation service for indian income taxes. The “Saral” Form is not so saral for me – i am confused with a lot of fields – Assesment year, Net Income, gross income etc. Is there a service like HR Block in india ? Google does not seem to answer the question !

Answer: Try www.ezytaxes.com. You can prepare your SARAL online at this site. The site has a guided step by step process to prepare your income tax returns. The site asks simple questions, and based on your answers will generate SARAL and a check list of documents to submit along with your income tax returns.

Other sites are filemyreturns.com filereturns.com

A lot of ground to cover

Many Metro projects are delayed with no improvement in other forms of transport, people’s commuting problems are increasing, reports Srinand Jha . See Graphics

tax guru 4th oct 2008