My source of income is come from stock market. which ITR form is for me to return tax in India?
Answers: If the shares are purchased and sold with some gap between purchase and sale (Once in a way) and not doing day trading, then your income from shares are treated investment (Capital gains). In this case you have to fill ITR-2
If you are daily buying and selling and also doing day trading and the turnover is more, it will be treated as Trading and it comes under business. In this case you have to fill ITR-4.
In the question it self you have clearly mentioned as your sources of income is from stock market. I think your gains will be treated as Trading income. Ultimately ITR-4.
ITR 2
Contribution in HUF what is the tax banifit for contributor?
Answers: Your question is not clear.
No contribution to HUF. And no question of tax benefits to the contributor.
You can create a HUF for your Hindu Undivided Family and the HUF member or others can give loans to HUF. There will not be any tax benefits for the person who gives loan to HUF.
If you create a HUF, then the HUF is eligible for a tax exemption of Rs.1,10,000 per year as per Financial Year 2007-08 tax rates.
Unemployement Compensation-Federal duty rate? (not FUTA)?
I had 10% taxes withheld from my Unemployment Compensation (IL). When I enter the compensation + withholding into my tax program, my import tax "refund" was reduced. Is the rate really high than 10%?Answers: Your marginal tax rate is probably 15% so the 10% that be withheld did not cover all the rates you owed on your unemployment. Your other withholding more than made up for it.
The rate is doesn`t matter what your tax rate is and depends on your other income.