September 24th, 2011 
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The Tax Guide for Traders
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DescriptionTaxes play an integral role in trading success, yet no book today clearly and adequately explains the tax issues that are unique to active traders and investors. The Tax Guide for Traders provides traders with practical material on how to minimize the impact taxes have on their hard-won profits... |
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Taxes 2008 For Dummies
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Description"The best of these books for tax novices."—Worth magazineCan a fantastic tax-prep guide actually make doing your taxes fun? Probably not, but you'll have a lot more fun doing your taxes with the help of Taxes 2008 For Dummies than you would without it... |
![TurboTax Deluxe Federal + E-file + State 2011 for PC [Download]](http://www.guessfreetaxguide.com/media/images/i/41vdnwn1qlL._SL75_.jpg) |
TurboTax Deluxe Federal + E-file + State 2011 for PC [Download]
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DescriptionTurboTax Deluxe: Guides you step-by-step to maximize your deductions |
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TurboTax Premier Federal + E-file + State 2011
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DescriptionThe Intuit ITICD03473WI TurboTax Premier TY2011 Tax Preparation Software offers your step-by-step guide through investments and rental property income. It assists you with stocks, bonds, mutual funds and employee stock plans... |
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TurboTax Home & Business Federal + E-file + State 2011
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DescriptionThis tax software features the EasyStep® Interview for a step by step guide to efficient calculations in deductions, investment sales history and other tax-related issues. Ideal to use if you are a sole-proprietor, consultant, 1099 contractor, self-employed or a single-owner of LLCs; this software features ItsDeductible®, Audit Risk Meter® and Cost Basis Lookup to help accurately calculate donated items, reduce audits and analyze historical cost basis... |
Who Should File Income Tax Return?
Every individual has to furnish the return of his income tax if his/her total income before allowing deduction under Chapter VI-A (i.e., if his gross total income in the return form) exceeds the maximum amount which is not chargeable to income tax.
The amount of gross total income not chargeable to income tax is:
a) Women (below the age of 65 years): Rs. 1,45,000
b) Any other individual (below the age of 65 years): Rs. 1,10,000
c) Any individual (65 years of age or above): Rs. 1,95,000
For e.g., a non-senior male having annual income above Rs. 1.1 lakh should file return, even if he can claim the entire Rs. 1.1 lakh in deductions.
Any person to be considered 65 years of age or above should have achieved 65 years of age on or before 31st March, 2008.
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