Tax related doubt.?
I can show up to 1 lakh as investment in india. Where within I am showing only 81,000 Rs as investment. For harmonize 20,000 govt will be deducting import tax from me. Could anyone tell me how much would be they adjectives tax from me for this 20,000?Answers: Your interrogate is not clear. I understand similar to this. You can invest Rs.1 lakh in investments u/s80C which save tax. But you own only save Rs.81,000. What will be the tax on the match Rs.19,000.
It depends on your income. If you are earning more than 3,50,000 per year (30% import tax bracket), then by not investing that 19,000 would be 5,700 extra rates for you. If you are earning around 2,50,000, later the extra tax will be 3,800.
In the UK do you have to pay income tax on savings income after direct bank deduction?
Answers: Your bank will only deduct tax at the basic rate (20%) on your savings interest. Provided that you only need to pay tax at the basic rate there is nothing more to pay and you do not need to disclose the interest.
However, if your total taxable income (including savings) takes you into the higher rate tax bracket, you should notify HMRC and pay the necessary extra tax on your savings income.
If you are sent a self assessment tax return to complete then you must include your gross savings income on the return, but you will be given credit for the tax deducted at source and so, if you are a basic rate tax payer, there will be nothing further to pay.
I don't believe you do, if you pay the tax on the bank account direct, I think that is that. However I think you could still be liable for capital gains tax if you were given or made a lot of money on something very quickly. But if it is just regular savings from your wages, that you have also paid tax on, I don't think you pay any more tax on that. Sorry i couldn't be more help.
NRI Rules ? how much dosh USD you can deposit within India?
Can anyone please give me site of NRI rules & regulations.Answers: any amount u want. there is no issue if it comes through banking channel.
if u are visiting India and bringing lolly with u contained by excess of usd 10,000 u have to allege the same contained by customs at airport and then u can deposit equal in your wall account along near the declaration form duly signed by customs authority.
RBIINDIA,OPEN YOUR NRI ACCOUNT ANYWHERE IN WORLD.AND INVEST THROGHT ACCOUNT IN INDIAN MUTUAL FUND.IF REQUIRED ANY SERVICE CAN WRITE TO ME.FOR MY CONTACT.I WILL ASSIT YOU. WE CHARGE NO. FEE FROM CUSTMOER.