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Tax return filing

Pay 10% tax by filing tax returns

49 replies to this topic

#1
Engineer786

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    Dear members of tezi mandi, please share your knowledge of filing tax returns. Since if being an active tax payer we will have to pay less. I.e. 10 percent income tax on dividends. Please share how to file tax return for dividend income?


    #2
    Thelma

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    10% is deducted from dividends !at source .what more!! As I understand the back of yr dividend has a statement as prof that your tax has been deducted.

    #3
    fasee

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    i am being a victim of excessive taxation aswell.... so i guess i can guide a little.

    i use my wife's account to boost up her capital wealth but now since higher taxation is being dedcuted... as imple stretgy is available whih i am to follow

    log in to e..fbr.gov apply for a NTN number..... as soon as you recevie that.... to file your first tax return.... and update your NTN to your brokeage and banks..... once your broage has been updated with your NTN number and after filing of your first tax return... you will be in active tax payer's list.

    and start receviing the benefits..... even if not at present.. you can atleast calim a refund at end of the year filing.... do keep the divident warrants as proof
    It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.

    #4
    Engineer786

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    Thanks fasee bhai for sharing the information regarding tax filing.

    #5
    Engineer786

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    View PostThelma, on 04 February 2015 - 10:35 AM, said:

    10% is deducted from dividends !at source .what more!! As I understand the back of yr dividend has a statement as prof that your tax has been deducted.

    Tax rates for non filers are higher. So if one becomes active filer lower taxes will have to be paid.

    #6
    salaara579

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    i think it falls under final tax regime FTR that is full and final discharge of income tax liability. no adjustment, no refund and no c/f.






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