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Tax Relief On Fuel Can My Boss Claim It Back

Can I claim tax refund for medical and LTA while filing the taxes in June - July 2014 in India ? I do have special allowance in the salary structure

Unfortunately, you cannot claim medical reimbursements worth Rs. 15,000. This has to be claimed via your employer.The same is the case with LTA. However, with LTA, since you can claim it only twice in the 4 year time slab, if you miss a year you can claim your travels the next year. The current slabs are from 2014 to 2018. With medical reimbursements, the option to carry the reimbursement forward or tax year slabs are not applicable.These pages should give you all the information you need -A Guide to Negotiating Your First SalaryTax Deduction Under Section 80DD - Eligibility Criteria
Leave Travel Allowance - LTA with ExampleAdhil Shetty

How can I claim my money lost as tax for 2015-2016?

File your tax returns with the assistance of a professional tax consultant. It's but natural that people miss out on tax declarations at times. This doesn't mean that you won't get the tax benefit which is due to you. As long as you file your tax return correctly, providing the correct details and claiming the appropriate refund, you will get your additional tax paid, refunded by the income-tax department.

How can I claim my tax amount which I missed to submit proofs in the office?

Your question is not very clear with respect to the situation. However, I understand that you are referring to the tax declarations (proofs for LIC receipts, rent receipts, mediclaim etc) made to the employer during the year for calculation of TDS to be deducted from your salary. In such a situation, one can claim the tax exemptions and reimbursements at the time of filling the tax return if he/she fails to provide the same to the employer. Accordingly refund can be claimed for excess taxes deducted by the employer.Hope the above answers your query, in case there is any further specific query, you can email me at ca.radhikadogra@gmail.com

Is it possible to live off of $25,000 a year?

You are not living in reality. That approach in life will hurt you many times. Failure to recognize reality will bring you failure... what's worse.... you won't have a clue how you contributed to your own failure.

So in short the problem you have with money is symbolic of a greater problem.

Reality;
If you need a car in the future..... $20,000 is not a realistic amount. Maybe $6000. Maybe no car.
Yes... eating out adds a huge amount to your budget, unnecessarily.
Yes you can control other expenses. I'm sitting in a cold house with several layers of clothing on.
HBO is not a must.

You act as if it's not worth watching your spending because you earn so little. Totally ridiculous statement. You have to tighten your belt because of this... not say it's impossible.

You need to really look at yourself. Or you'll be blaming all the wrong things in life for your failure.

Does the telephone reimbursement (which can be claimed to save tax) vary from company to company, or is it constant and fixed by the Indian government?

First, i want to specify that telephone reimbursement is not taxable as per the rule 3(7)(ix) of the Income Tax Rules & it is fixed & constant by Indian Government.But the following few points keep in mind while claiming telephone reimbursement:-Telephone connection includes both land line and mobile connections. Data card is just a SIM card & it is not admissible. Because there is no explicit reference to data card connection in Rule 3(7)(ix).Organisation typically allowed one landline and one mobile connection under telephone reimbursement for each employee. because there is no explicit reference to maximum numbers of connection allowed in the rule.The connection have to be in name of the employee.Employee should submit telephone bills while claiming telephone reimbursement.Expenses incurred toward both pre-paid & post-paid connection is admissible for tax exemption.

Should welders recieve 1099 misc?

My husband is a welder, he works for a company, the company gives him two checks, one for him and one for his welding truck. All employment taxes are taken out of his check while no taxes are taken from his truck check, at the end of the year we received w2's for his check and a 1099 for the truck check. Is this possible? Yes he does own the truck it does not belong to the company however the company supplies all consumables needed for his job. We do not own our own buisness and the company sets the amouts that he is paid and the hours he works. Can we legally be given both documents to file, if yes why, if no why and what should we do about it? Thank you

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