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What else can I help you with?
Can mileage from and to a bank to get Cd's deductible from federal income tax?
No, the mileage to and from a bank to get CD\'s are not deductible from federal income taxes.
Is itr is income certificate?
An Income Tax Return (ITR) is not an income certificate. Instead, it is a document filed with the tax authorities that reports an individual's or entity's income, deductions, and tax liability for a specific financial year. While an ITR provides a comprehensive overview of income and tax paid, an income certificate is a separate document often issued by government authorities that certifies an individual's income for various purposes, such as applying for loans or scholarships.
How long do you save official documents?
5 years, if they are income tax documents. Otherwise, it depends on the document.
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
What is a Fedeal income tax?
A income tax is a tax levied on the income of individuals or business.
Is form-16 and ITR1 both are same?
No. Form 16 is something your employer gives you. ITR1 is the document you submit the income tax department to file your tax returns
Can you claim mileage for driving to college on tax return if unemployed and all income is from unemployment and are c in a retraining program?
No. But the situation you describe means you won't have any taxable income anyway.
Is Net income before or after tax?
Net income is what you get after tax, gross income is before tax.
Are income tax and taxable income the same thing?
No, income tax and taxable income are not the same thing. Taxable income is the amount of income that is subject to taxation, while income tax is the actual tax that is calculated and paid on that taxable income.
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
