Tax Corner -- Discuss Queries on Taxes

Discussion in 'Money Matters' started by Shobanag, Jan 23, 2008.

  1. Laks09

    Laks09 Staff Member Finest Post Winner

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    SV,
    This is great information! Thanks!
    Regards,
    L
     
  2. Sruthi

    Sruthi Bronze IL'ite

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    tax slabs in USA

    Hello Every one


    can any one tell me about tax slabs in usa for financial yr 2009,2010
    and about education cess on tax?

    and also the tax saving tips here in usa

    i know the details for india but want to know about USA

    please share me if any one knows

    thanks in advance
     
    Last edited: Jan 15, 2010
  3. SriVidya75

    SriVidya75 Platinum IL'ite

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  4. Sruthi

    Sruthi Bronze IL'ite

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    thanks srividya i checked out that.

    these the slabs for federal tax right?so we have different for state tax

    am i right?


    and can u explain the tax saving tips other than hom loan
     
  5. SriVidya75

    SriVidya75 Platinum IL'ite

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    Sruthi

    Please go through this link for more info on state and federal taxes
    Taxes – Federal and State: USA.gov


    Tax savings can come from

    If you have a dependant like a child/spouse
    If you have moved from one city to another
    Any 401k or IRA savings
    Any donations/Charity
    New Car
    Educational loans/expenses

    There are other itemized deductions depending on your status like EAD/GC/H1B etc like Gas, house rent etc
     
  6. SriVidya75

    SriVidya75 Platinum IL'ite

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    How do you file taxes in US??? through a CPA or HR Block or Turbo Tax software???
     
    Last edited: Jan 25, 2010
  7. anjalika400

    anjalika400 Junior IL'ite

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    Question about property/wealth/capital gain taxes in India?

    Hi we have some properties in india which are handed over to us in 2008.now my questions are
    1)what are the taxes we need to pay if we want to sell one or two of those properties and what percentage will that be considering captial gain and/or any other taxes?
    2) I heard there is a new bill coming up in regard to property tax for a person owning property/properties over 60 lacs, but I am not getting any information on that.Can anyone elaborate or send me any relevant link?
    3)what is the better way to reinvest after selling any property to save taxes and other charges.is it like investing in another property that even costs higher than the sale price of the previous one?please unfold some wise ideas, which i am basically thinking about as a big investment for my baby's future education abroad.
    Thanks
     
  8. SriVidya75

    SriVidya75 Platinum IL'ite

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  9. anjalika400

    anjalika400 Junior IL'ite

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    wealth tax and gift tax act in india?

    hi.please anyone help me get the following answers:

    need detailed info about gift tax and wealth tax in india

    thanks.
     
  10. SriVidya75

    SriVidya75 Platinum IL'ite

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    Re: wealth tax and gift tax act in india?


    Pls see this calculator..I guess it would help in estimating the tax amount roughly

    Capital Gains Tax Rate Calculator
     

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