What is the limit on non-taxable annual gifts to a non-U.S. citizen spouse in 2016?

What is the limit on non-taxable annual gifts to a non-U.S. citizen spouse in 2016?
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Raman & Co., a Partnership firm, received Rs.5 lakh from Insurance Company under Keyman Insurance Policy consequent to demise of Partner Pramod. The amount of premium of Rs.230000 paid earlier was claimed as deduction u/s 37 by the firm. a) Tax-free u/s 10(10D) b) Fully taxable as Income c) Rs.270000 is taxable d) Rs.230000 is taxable

Description : Raman & Co., a Partnership firm, received Rs.5 lakh from Insurance Company under Keyman Insurance Policy consequent to demise of Partner Pramod. The amount of premium of Rs.230000 paid earlier was claimed as ... ) b) Fully taxable as Income c) Rs.270000 is taxable d) Rs.230000 is taxable

Last Answer : d) Rs.230000 is taxable

How can I cancel my registration if my income falls below the taxable limit ?

Last Answer : If your income falls below the income taxable threshold and if you do not think that in the near future Aisima will not be able to pay the minimum income tax, then you can apply with the ... cancel the activities of your TIN either through Inspection or Hearing or on the basis of the application.

Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue the account on the same terms and conditions even if the spouse is below the age of 60 year. b) The account cannot be continued should be closed. c) If both spouses opened joint account, the spouse cannot continue account after death of the 1st depositor d) All the above

Description : Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue ... account, the spouse cannot continue account after death of the 1st depositor d) All the above

Last Answer : d) All the above

A depositor may operate a senior citizen account a) More than one account in individual capacity or jointly with spouse b) Only one account single another one with spouse c) Only one single account and more than one joint account d) None of these

Description : A depositor may operate a senior citizen account a) More than one account in individual capacity or jointly with spouse b) Only one account single another one with spouse c) Only one single account and more than one joint account d) None of these

Last Answer : a) More than one account in individual capacity or jointly with spouse

Gifts for a man about to become eligible for the sr. citizen discount at the movie theater?

Description : Gifts for a man about to become eligible for the sr. citizen discount at the movie theater?

Last Answer : answer:My husband seems to enjoy various computer enhancements, such as added memory. A musical instrument for under $200, what, a kazoo?

Is it common practice for a sitting U.S. President to cheat on his spouse?

Description : Is it common practice for a sitting U.S. President to cheat on his spouse?

Last Answer : Kennedy. Roosevelt http://www.romanceopedia.com/H-11.html That I know of…...

why Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual depreciation is onthe straight line method?

Description : why Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual depreciation is onthe straight line method?

Last Answer : Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual ... for annualdepreciation.d) The Balance Sheet extracts for motor vehicle and itsrelated depreciation.full question

A manufacturing industry plans to improve its energy performance under PAT through implementation of an energy conservation scheme. After implementation, calculate the Plant Energy Performance (PEP) with 2015-16 as the reference year. What is your inference? Given that:  The current year (2016-17 ) Annual Production – 28,750 T ,  Current year (2016-17 ) Annual Energy Consumption– 23,834 MWh,  Reference year (2015-16 ) production - 34,000 T,  Reference year (2015-16 ) Energy consumption - 27,200 MWh.

Description : A manufacturing industry plans to improve its energy performance under PAT through  implementation of an energy conservation scheme. After implementation, calculate the  Plant Energy Performance (PEP) with 2015-16 as the ... 34,000 T,   Reference year (2015-16 ) Energy consumption - 27,200 MWh.

Last Answer : Production factor (PF) = 28750/34000 = 0.846 …………………….1 mark Ref year equivalent energy (RYEE) = Ref Year Energy Use (RYEU) x PF   = 27,200 x 0.846= 23011MWh

In your opinion, do you think that people who Do Not think Donald Trump has any involvement with the Russian interference in the U.S. 2016 Presidental election, are they likely to be the same people who Do Not believe that Michael Jackson molested children?

Description : In your opinion, do you think that people who Do Not think Donald Trump has any involvement with the Russian interference in the U.S. 2016 Presidental election, are they likely to be the same people who Do Not believe that Michael Jackson molested children?

Last Answer : I'll go first. I do believe that Donald Trump was involved in the Russian interference with the 2016 Presidential election. I also believe that Michael Jackson molested children. So I ... , would crossover with the folks who believe that Michael Jackson was innocent of child molestation.

Agricultural income in Pakistan is assessable for........................ A) Resident B) Not Ordinarily Resident C) Non-resident D) Not taxable

Description : Agricultural income in Pakistan is assessable for........................ A) Resident B) Not Ordinarily Resident C) Non-resident D) Not taxable

Last Answer : A) Resident

A U.S. citizen flying ORD-OSL-ARN (both legs booked together as one flight on Norwegian): would he go through passport control at both OSL and ARN, or just at ARN?

Description : A U.S. citizen flying ORD-OSL-ARN (both legs booked together as one flight on Norwegian): would he go through passport control at both OSL and ARN, or just at ARN?

Last Answer : I would guess at the entry point to EUrope,which would be OSL. Anything after that you are covered by the Schevening treaty.

Can I get married in two weeks as a U.S. citizen living in Yemen?

Description : Can I get married in two weeks as a U.S. citizen living in Yemen?

Last Answer : I would suggest contacting the US Consulate in Yemen and ask them what would need to be done to get married there. Congratulations on your upcoming nuptials!!!

Banning assault rifles: Good or bad for the U.S. citizen?

Description : Banning assault rifles: Good or bad for the U.S. citizen?

Last Answer : Well…..duh! NOBODY, regular citizen needs a freaking assault rifle next to their bed. I am rather anti-gun, they have their place, but their place is not in the hands of foolish, paranoid and aggressive people and they are, obviously, the weapon of choice for the emotionally unstable.

How can someone become a U.S citizen?

Description : How can someone become a U.S citizen?

Last Answer : answer:It’s easiest if you could get a family member who is already a citizen to file for you. Lacking that, marrying a citizen is an option as well. Then get your spouse to file. Other than that, I’m not sure.

How to become a U.S. citizen?

Description : How to become a U.S. citizen?

Last Answer : answer:Official government site: U.S. Citizenship and Immigration Services. —- Unfortunately, it’s really, really hard and costs quite a bit of money.

Can a U.S. citizen make a citizens arrest on an illegal immigrant?

Description : Can a U.S. citizen make a citizens arrest on an illegal immigrant?

Last Answer : What a nightmare this would be for all involved.

How can an illegal immigrant have Constitutional Rights in America, when they are not a U.S. citizen?

Description : How can an illegal immigrant have Constitutional Rights in America, when they are not a U.S. citizen?

Last Answer : answer:Yeah, that makes no sense. They are not convered by our consitution, but of course would be covered under basic human rights. What do you mean by the feds keeping it undercover? What undercover?

Can you be a U.S. citizen without state/territory residency status?

Description : Can you be a U.S. citizen without state/territory residency status?

Last Answer : You're a citizen as long as you were born in the US.

How is it that a person born in Massachusetts, whose parents were both born in Massachusetts, is not born a U.S. Citizen? -Riddles

Description : How is it that a person born in Massachusetts, whose parents were both born in Massachusetts, is not born a U.S. Citizen? -Riddles

Last Answer : If he was born before 1783, then Massachusetts would still be a British colony.

Why does the census ask if you are a U S citizen?

Description : Why does the census ask if you are a U S citizen?

Last Answer : The census is pretty general. One question it isn't suppose to ask is about citizenship. It is a count of the total number of people not citizens. The constitution is very clear about this and ... money sent to the states, and other factors. States can really lose if it becomes a citizenship test.

Which statement describes a primary role of political in helping citizen engage with the U.S government?

Description : Which statement describes a primary role of political in helping citizen engage with the U.S government?

Last Answer : increasing citizens' in politics by encouraging them to see opposing parties as the enemy making voting simpler by indicating what positions candidates associated with the party are likely to late motivating citizens to take action on political issues

If employee is citizen of India, working in U.S and employed by company whose headquarters are in Japan then employee is classified as A. third country nationals B. third world employees C. expatriates D. host country nationals

Description : If employee is citizen of India, working in U.S and employed by company whose headquarters are in Japan then employee is classified as A. third country nationals B. third world employees C. expatriates D. host country nationals

Last Answer : third country nationals

Who could be a citizen in Greece and why did they limit citizenship?

Description : Who could be a citizen in Greece and why did they limit citizenship?

Last Answer : Would-be citizens had to appear before their tribal assembly andprove their descent in that tribe.

Who could be a citizen in Greece and why did they limit citizenship?

Description : Who could be a citizen in Greece and why did they limit citizenship?

Last Answer : Would-be citizens had to appear before their tribal assembly andprove their descent in that tribe.

Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

Description : Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the ... bank interest applicable d) There is no maximum time limit for PMI e) All the above

Last Answer : e) All the above

What is the maximum limit of remuneration for a whole time manager in a company ? (A) 3% of net annual profit (B) 5% of net annual profit (C) 7% of net annual profit (D) None of the above

Description : What is the maximum limit of remuneration for a whole time manager in a company ? (A) 3% of net annual profit (B) 5% of net annual profit (C) 7% of net annual profit (D) None of the above

Last Answer : Answer: 5% of net annual profit

If I were to take a total distribution from a pension plan and roll it into a Roth IRA, will that distribution be taxable?

Description : If I were to take a total distribution from a pension plan and roll it into a Roth IRA, will that distribution be taxable?

Last Answer : answer:Short answer is yes. You will add it to your income for that year, then add a 10% penalty on top of your effective tax rate for that specific portion of money. If you have a lot of years before retirement, it is worth it.

Accountants: In what year is the income taxable when an option is written in December, and expires in January?

Description : Accountants: In what year is the income taxable when an option is written in December, and expires in January?

Last Answer : answer:Check out IRS Pub. 550 - This seems like the most relevant section - it looks like you have a short term gain but not at receipt: Writers of puts and calls. If you write (grant) a put or a ... amount you pay and the amount you receive for the put or call is a short-term capital gain or loss.

Is found money taxable?

Description : Is found money taxable?

Last Answer : I believe anything under $1500.00 you can pass on. I could be wrong.

No Income Taxable Income ?

Last Answer : The following are some of the areas of tax-free income of an individual taxpayer: (a) If a government-employed taxpayer receives a special allowance, benefit or perquisite for performing his job duties ; ( ... . It should be displayed in the tax-free income column in the 18th sequence of the return.

What is taxable income ?

Last Answer : If the income limit of individual taxpayer (including non-resident Bangladeshi) , Hindu Undivided Family , Partnership Firm , Individual Association and Artificial Person created by law from the following sectors is ... of husband / wife or minor child 6. Capital profit 9. Income from other sources.

Certificate of taxable income

Description : Is the employer required by law (specifically § 38j para. 3 of Act No. 586/1992 Coll., on income taxes) to issue a certificate of taxable income for the months worked during the year upon request? . The agency now does not want to issue a certificate. Where to get it?

Last Answer : Need Answer

Are restocking fees taxable in Arizona?

Description : Are restocking fees taxable in Arizona?

Last Answer : Need answer

Are Fair Fund distribution payments taxable?

Description : Are Fair Fund distribution payments taxable?

Last Answer : Feel Free to Answer

Where is the best definition of taxable income?

Description : Where is the best definition of taxable income?

Last Answer : What is the answer ?

Is a workman's comp settlement taxable in the state of Wisconsin?

Description : Is a workman's comp settlement taxable in the state of Wisconsin?

Last Answer : What is the answer ?

Are unemployment compensation benefits taxable for state taxes in Pennsylvania?

Description : Are unemployment compensation benefits taxable for state taxes in Pennsylvania?

Last Answer : Need answer

Are college grants taxable?

Description : Are college grants taxable?

Last Answer : Grants are not taxed like normal income. I would check with your tax advisor about what to d with grants.

What are some taxable social security benefits?

Description : What are some taxable social security benefits?

Last Answer : Some taxable social security benefits are that you will get more money when you file you taxes. Also, if you are married you both would be able to make a high amount of money.

Where can I find out more information about social security taxable benefits since I receive social security?

Description : Where can I find out more information about social security taxable benefits since I receive social security?

Last Answer : There are so many helpful sites out there, but one I found is http://taxes.about.com/od/income/qt/Social_Security.htm. I would just go there and read up on it.

Where can I find a website to read about how social security benefits are taxable or not?

Description : Where can I find a website to read about how social security benefits are taxable or not?

Last Answer : A great website to help you find information and advice for social security benefits is www.irs.gov. This website has lots of information that will help you with your taxes.

Are social security benefits taxable?

Description : Are social security benefits taxable?

Last Answer : Social security benefits are generally considered as taxable income according to the Internal Revenue Service. You will need to declare the income on your 1040 forms.

Understanding Your Taxable Social Security Benefits?

Description : Understanding Your Taxable Social Security Benefits?

Last Answer : These days, there are many elderly people who depend on social security as a main source of income. For some people, social security benefits are their only form of income. If this is your case, ... social security benefits will be taxed. For a single person, the income amount is set at $25,000.

How can I determine my taxable income?

Description : How can I determine my taxable income?

Last Answer : Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income

In "auditing" accounting data, the auditor is concerned with a. Analyzing the financial information to be sure that it complied with government requirement. b. Determining if fraud has occurred. c. Determining whether recorded information properly reflects theeconomic events that occurredduring the accounting period.d. Determining if taxable income has beencalculated correctly

Description : In "auditing" accounting data, the auditor is concerned with a. Analyzing the financial information to be sure that it complied with government requirement. b. Determining if fraud has ... that occurred during the accounting period. d. Determining if taxable income has been calculated correctly

Last Answer : economic events that occurred during the accounting period.

Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called : 1. disposable income 2. taxable income 3. accounting income 4. discretionary income 5. credit

Description : Income left over after an individual pays taxes and purchases the basic necessities of food, clothing and shelter is called : 1. disposable income 2. taxable income 3. accounting income 4. discretionary income 5. credit

Last Answer : discretionary income

The target group for credit cards is _________ 1. All card Holders 2. All existing borrowers 3. Individuals, with taxable income 4. All of these 5. None of these

Description : The target group for credit cards is _________ 1. All card Holders 2. All existing borrowers 3. Individuals, with taxable income 4. All of these 5. None of these

Last Answer : All of these

Under the Income Tax Act 1961, “Notional profit” from speculative business is: a) taxable under the head income from “Profits and Gains from Business and Profession” b) taxable under the head “Income from other sources” c) either A or B d) not taxable

Description : Under the Income Tax Act 1961, “Notional profit” from speculative business is: a) taxable under the head income from “Profits and Gains from Business and Profession” b) taxable under the head “Income from other sources” c) either A or B d) not taxable

Last Answer : d) not taxable

Export incentives taxable under this head includes a) Cash Compensatory Support b) Duty Drawback c) Profit on transfer of DPEB d) All of the above

Description : Export incentives taxable under this head includes a) Cash Compensatory Support b) Duty Drawback c) Profit on transfer of DPEB d) All of the above

Last Answer : d) All of the above

HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner. The amount so received on maturity of the policy a. fully exempt under section 10(10D) b. 50% of rupees 75 lakh is exempt c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable

Description : HSK, an LLP has taken keyman insurance policy on the life of its managing partner. The policy got matured on 13th September 2017 and an amount of rupees 75 lakhs was paid by the insurers to the Managing partner ... c. rupees 75 lakh is taxable d. rupee 25 lakh is exempt and Rs 50 lakh is taxable

Last Answer : c. rupees 75 lakh is taxable