In which segment one should file income tax return if one has lost job ansd is yet to get a job again and as such there is no earning atall in th e next financial year .
Please do advise we can export garments to US via Singapore from India irrespective of taking Country of Origin issue from US? Guide accordingly.... Regards, Anurag
Re: Export of Garments to US via Singapore route
by Virendra Prasad on Jun 13, 2010 11:32 PM
GSP NOT REQUIRED BUT NEED TO ISSUE CHAMBER OF COMMERCE CERTIFICATE.
Why are we wasting our time looking constantly at Direct Tax when GOI is actually making money through various indirect taxes like Service tax, excise, import duties, VAT , entertainment tax and different cess,duties & levies ? Even poorest of the poors are required to pay these taxes whenever they consume anything as there is no exemption bar in these taxes !! India's ratio of indirect tax to direct tax is the second highest after S.Africa.
Re: Why......
by vinay on Jun 14, 2010 02:09 AM
agreed with u. but to corect urself, plz note that there is exemption even for indirect taxes eg upto 1.5 crore for excise, 8 lakhs for service tax, etc. only thing is companies manufacturing or trading, r not giving any benefits to customers. direct taxes r clearly visible pinching us. moreover, dt is the only tax which cant b avoided by salaried ppl.
Re: And
by Vinod Dsa on Jun 12, 2010 10:50 AM
It makes sense in the US, where you have Social Security to keep you going when you're not earning. Here in India, we get taxed with little governmental accountability, and no safety net. Most of our tax money goes down the drain. If, on top of that, 50% of our assets go into the same black hole, we're screwed!
Re: tax reclaim
by Rohit Singh on Jun 11, 2010 02:30 PM
when filing for your annual returns, you must submit proof of all the taxes paid, and prove that that you have paid excess tax. the final amount would come in negative, which is the amount you are claiming as IT claim.
Re: tax reclaim
by AKS on Jun 11, 2010 03:13 PM
We can clam for the refund as suggested by Rohit. And in case ther eis any delay by bureaucrats asking for favour, simply ask the status through RTI(Right to Information).
Re: tax reclaim
by SUDHAKAR on Jun 11, 2010 02:31 PM
mr.deepak u cant retake the excess tax paid. becos these bureaucrats are money minting crocodiles.
Re: Re: tax reclaim
by hari mahadevan on Jun 12, 2010 10:55 AM
even if u do file a return of income, wen gettin d claim, the IT office has 2 be bribed newere betn 25-50 % of ur claim...
