Can I submit medical bills to claim exemption in Tax in india?
Answers: yes you can submit medical bills to get tax exemption on medical allowance paid to you but only till the amount that you are entitled for.
yes u can...make sure u show all the required details with all perfect proofs...
Income tariff rebate?
Would both husband and wife have to enjoy had income surrounded by 2007 to qualify for $1200.00 income tax rebate's? If merely husband worked and met all other requirements would they singular qualify for the $600.00 rebate? Thanks for any replies.Answers: It doesn't matter if individual one spouse had income.
Under the compromise bill passed by the Congress, if you file jointly, you would be eligible to receive a rebate of up to $1200 if you rewarded that much in Federal Income Tax. If you just paid $750 surrounded by taxes (less than the $1200 rebate limit), you only gain back $750.
While the rebate depends on your 2007 income, it is in actuality a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to not anything percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time export tax cut for 2008, but you get the rebate in a minute instead of waiting to file your 2008 taxes. Because this is an mortgage payment on your 2008 taxes, your discount next year could be more (or smaller amount!) depending on your 2008 income.
both husband and wife did not have to work within 2007. assuming you meet the income eligibility you will receive $1200
Income tariff rebate?
Would both husband and wife have to hold had income within 2007 to qualify for $1200.00 income tax rebate's? If merely husband worked and met all other requirements would they simply qualify for the $600.00 rebate? Thanks for any replies.Answers: It doesn't matter if single one spouse had income.
Under the compromise bill passed by the Congress, if you file jointly, you would be eligible to receive a rebate of up to $1200 if you compensated that much in Federal Income Tax. If you with the sole purpose paid $750 surrounded by taxes (less than the $1200 rebate limit), you only bring back $750.
While the rebate depends on your 2007 income, it is in actuality a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to nil percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time charge cut for 2008, but you get the rebate immediately instead of waiting to file your 2008 taxes. Because this is an credit payment on your 2008 taxes, your discount next year could be more (or smaller number!) depending on your 2008 income.
No, a joint return is looked at as a part, so if the income qualifies for the $1200, they'd obtain it even if all the income be actually made by one of them.