What is the excise rate i requirement to salary for a laptop within India.?
I have brought one administrator laptop from India but I have bought one contained by US. So I am carrying 2 laptops to India. I have sufficient document to prove that one laptop is officia. So do I obligation to pay excise duty on my 2nd laptop? if later what is the rate ?Answers: Only one laptop per passenger is allowed duty free from Customs.
As far as laptop being carried which be taken from India and being brought rear legs; you should have obtain export certificate from Customs at the time of departure from India.
However,if you can prove that it be taken out from India; there will be no duty on second laptop one imported.The best method is if you are accompanied by any other passenger on flight; he can convey second laptop duty free.
just convenience the authorities that another laptop for your wife or others.
If you win the lottery or some other competition what will the TYPE of toll the bring back you on?
If you win the lottery or some other competition what will the TYPE of tax they will charge on the money you win?Answers: You don't take-home pay tax on lottery win in the UK.
Any income derived from the win (ie interest) is liable to income import tax.
If your in the Uk a lottery win is not taxable
My Tax counsellor told me that the export tax rebate we are getting is an finance on our 2008 import tax return. Is this true?
It probably is. It's just resembling Uncle Sam to give near one hand and lift back near the other, So that the politicians can look good!Answers: Under the compromise bill passed by the Congress, you would be eligible to receive a rebate of up to $600 if you rewarded that much in Federal Income Tax. If you simply paid $350 contained by taxes (less than the $600 rebate limit), you only acquire back $350. If you have earned income of at tiniest $3000, you would get at smallest the minimum rebate of $300.
While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, contained by 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's similar to a one time tax cut for 2008, but you win the rebate now instead of waiting to report your 2008 taxes. Because this is an advance reimbursement on your 2008 taxes, your refund subsequent year could be more (or less!) depending on your 2008 income.
The rebate have only passed the House and still desires to get through the Senate and be signed by the president. So we don't know what the final altered copy will be yet.
However, I give attention to your statement will only be half-true. Last time we get a rebate, there be a special one-time tax credit equal to the amount of the check. So yes, the check be an advance against that credit, but it didn't result surrounded by an increase in the subsequent year's taxes. The purpose of this was to furnish people, who qualified for the rebate but didn't get hold of a check, a chance to still catch their money. Hope this makes sense.
If the concluding two rebates that be issued are any indication, the answer would be yes.
And I personally don't see the parliament doing anything differently with this upcoming rebate.