we are a private  company. we have purchased bricks from un regd.dealers. are we liabil to pay tax u/s 6A?
482930
If you are purchasing from an unregistered dealer you need to pay tax.\n\nNow the issue is VAT is introduced in most states so the implication can be worked out. If had purchased from a registered dealer you could have availed a set off.\n\nYou may also work out tax implication versus saving you made by purchasing from UR dealer
711341
This comes under contract and you are a contractor to them for a work. The person who is paying you the amount will have to deduct TDS on the amount paid to you and you will have to pay tax to Income tax department. You can file the same in form Saral 2D along with your other income if any.
1002739
It depends on where you live. In some places, yes. In other places, no. Best indicator is whether you paid a deposit on them when you bought them. If you didn't pay, you won't get a refund!
445375
Ugh, you need to file your taxes if you make more than $400 as an IC and I believe $700 as an employee. Not everyone has to file taxes.\n\nDON'T listen to ALMOST ALIVE. The IRS's site and other documents clearly state that independent contractors have to file if they make OVER $400. I'm sure he'll get caught soon. ALMOST ALIVE, aside from the taxes that you owe, just imagine how much in penalties you will have to pay-up to 25%. And, the IRS calculates interest on a daily compounded basis at a minimum of 7%. They have up to 10 years to collect for each tax year.
907767
If you are just selling a few odds & ends - NO.\nIf you make a business of it or have a 'shop' then you need to pay taxes according the the laws of your country.
430520
Unfortunately the company is not liable. You are the one who signed the W-4 form. It is the individual who must determine what is to be withheld for Federal tax purposes. If not enough is being taken out of each paycheck, you may submit a new W-4 asking for an additional amount be taken for taxes, over and above the normal deductions (i.e. and extra $5 per paycheck).
620354
You will have to pay income taxes but not sales tax (although that will depend on your state).  Good luck.
769611
Is this a liquidating or nonliquidating distribution?  Was the land purchased inside the partnership? Or purchased by one of the partners ten years ago and contibuted to the partnership in the ten years since purchase?\n\nSorry but we really need more information to give relevant tax issues advice.\n\nEdit:\n\nOK - so a nonliquidating (or operating) distribution - Partnership continues to exist with exact same owners and percentages after distribution as before the distribution.  \n\nYou absolutely do not want a disproportionate contribution because things can get a little ugly under IRC section 751 with that so my recommendation would be distribute based on partnership percentages.  This can be done in two ways - distribute land in 50, 40, 10 amount and have 40% partner buy 10% partners share or distribute cash and land to even up percentages. \n\nLet's start with the all land distribution - You will show land removed from books (credit land) for $100,000 the opposite side will be debits to A (50%, B (40%) and C's(10%) capital accounts for $50,000, $40,000 and $10,000.  Each of the partners will reduce their outside basis by that amount (50k, 40k or 10k) and that will be their basis in the parcel of land they own.  (CAUTION: If any of these partners has an outside basis less than the land distributed they will, as someone said earlier, have a taxable event and will need to pay capital gains on the excess distribution!!) Now C sells his land to B for the 10k basis and has no taxable event and B's basis in the land becomes $50k (the same as A's) - (Another CAUTION: If B has intentions to sell the land shortly the portion purchased from C is now SHORT-TERM and will result in ordinary income!).  You say that the land is valued at $200k so the "deferred" tax will be picked up when each of these partner's sells their land and has to pick-up capital gain.\n\nNow the second option: you will make the total distribution to the three partner's 120k.  A's distribution will be 60% of the land - book value $60k, 50% of distributions; B's distribution will be 40% of land and $8k cash - book value $48k, 40% of distributions; C's distribution will be $12k cash - book value $12k, 10% of distributions.  Once again everyone will reduce their outside basis by the distribution amount and once again there will be no taxable event as long as the distributions DO NOT exceed outside basis.  Your journal entry will be a credit to land for $100k; a credit to cash for $12k; a debit to A's partner capital account for $60k; a debit to B's partner capital account for $48k and a debit to C's partner capital account for $12k. A and B will have deferred gain on the land that will become a taxable event when they sell the land for a gain.\n\nHopefully this covers it - if you have more questions - add details and I'm sure I (or one of the other tax professionals here) can clarify. (Also if you are set on keeping the land a 50/50 split just say that and I can give you the journal entry)
1118620
Not sure, but it sounds as though you may asking about a resale certificate, so that you're exempt from paying sales tax on products for resale. If so, contact the state agency that deals with sales tax issues.
455035
You will have to wait until next year to file that income since it was recieved in 2006.  What you can do is pay estimated taxes on the amount you just recieved if you haven't already been taxed on it.
1021392
If it is a US company, it is before tax.  If it is a company in some other countries it is partially or fully after tax.  The UK takes a percentage of their dividends off the top as tax.  If you are a US taxpayer then you will have paid the UK tax indirectly through the UK process and then be able to use it as a credit against your US taxes.  \n\nSo if you are American, it depends upon the country of domicile of the company.  If you are not American it may or may not be after tax.
895801
Two solutions: you raise the issue with the french administration....and don't be surprised if they have a go at you! Or consider yourself lucky and don't tell them, but if they have made a mistake and they notice later, they'll make you pay for it and probably with penalty. I've lived in France and to be honest...i've always had to pay my habitation tax even when i was on low income!
178259
Your tax rate is 15%.  This is assuming that this is straight income from operations and that you had no gain on the sale of assets.
348474
Not sure but I know you can get a 17.5% discount from VAT (value added tax). Ask the person to discount it and file and not to pay VAT.
838335
If the IRS were to come after your employer, you would not be held responsible in any way. As long as you report the income you receive and pay taxes on the income at the end of the year, you are doing your part. I noticed that you just said your comission checks would be tax free. Are they withholding taxes from your regular paycheck? Alot of car dealers work this way too. They'll pay their salepeople a biweekly wage and their comission is straight cash. At the end of the year, they issue a 1099-misc reporting that income. You'll have to pay self employment tax at the end of the year
279926
If you are non a schedule A you can take all of the mortgage interest. You can take property tax that you pd. Any donations you gave (cash and non cash)Sales tax that you pd on any big purchases(use the table for the rest)I don't know what your filing status is so I don't know if you would even be close.
352001
I believe the first USD80,000 is tax free but then you have to pay tax.  Unless your company pays for it!  Check with your tax adviser!