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…x base. ~ Progressive direct taxes are instrumental in reducing income inequalities especially in developing countries. ~ The following are the major direct taxes: a)PERSONAL INCOME TAX: ~ Personal income tax is levied on the total income tax of the individual after some permissible deductions. At present, the personal income tax rates are as follows: INCOME (IN RS) RATE 0-1,60,000 0% 1,60,000 – 5,00,000 10% 5,00,000 – 8,00,000 20% 8,00,000 and a…

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…f the Notification No. 17/2009- ST and thus the refund is not sustainable. Johnny’s View: In this respect it is submitted by us that the Paragraph (i) of the said notification is reproduced below-   (i) where – (A) the total amount of refund sought under a claim is upto 0.25% of the total declared free on board value of export; (B) the exporter is registered with Export Promotion Council sponsored by the Ministry of Commerce or the Ministr…

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…r code is proper.     Before establishing the different codes, there are two terms to distinguish and to help realize what they imply to your tax code Individual Allowance is the sum of taxable income that you can acquire tax totally free in the current tax 12 months. An additional is ‘PAYE’, this means spend as you make, and is the level of earning at which tax becomes payable.     The structure of a tax code   A tax code is typically prod…

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Franchise Tax Board Refund The terminology surrounding health care and senior care in particular at times, can cause you to feel confused and overwhelmed.  Always Best Care has created a  list of common terms to help you through this process.  However, understanding what type of care is right for your loved one can be a daunting task.  For over a decade Always Best Care has been helping our seniors through this process.  Let Always Best Care gui…

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BUY NOW!: TurboTax Total Tax Solution Deluxe 2005 with State Win/Mac Low Price: $18.79 Features: Includes personal plus state Product DescriptionCD-ROM, “Turbo Tax Deluxe, Total Tax Solution, Federal and State Returns 2005″ (for Windows and Mac) Read more about: TurboTax Total Tax Solution Deluxe 2005 with State Win/Mac …

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