Indian tax Business Forms - Page 2

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Commonly Asked Questions about Indian tax Business Forms

Is ITR and W-2 the same?

Your personal tax return is IRS Form 1040. A W-2 is a report by your employer (to you and to the IRS) of your wages which is to be attached to your personal return. So, yes, a W-2 is different from your personal tax return.

What is an Indiana WH-47 form?

Form WH-47, Certificate of Residence, should be completed by residents of these states working for Indiana employers. This certificate is an affidavit showing the employees state of legal residence and provides proof that no withholding of Indiana state income tax is required.

What tax form is used for small business?

Schedule C reports income or loss from a business you operated or a profession you practiced as a sole proprietor. Note that if your business is a sole proprietorship, you need to attach Schedule C to your Form 1040 each year.

What is the W-2 equivalent in India?

The US equivalent of W-2 is Form-16 in India.

What are the 3 tax forms?

But choose carefully. There are three personal income tax forms 1040, 1040A and 1040EZ with each designed to get the appropriate amount of your money to the IRS.

What is the w2 form also known as?

Form W-2, also known as the Wage and Tax Statement, is the document employers are required by U.S. law to send to each employee and the US Internal Revenue Service (IRS) at the end of the calendar year.

What is another name for the W-2?

Form W-2 (officially, the Wage and Tax Statement) is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them.

What is W2 called in India?

If you are a salaried employee in India, the standard form you require to file your IT returns is the Form 16. The same function is served in the American tax system by the W-2 form. For other sources of income, the Indian tax system provides for forms such as ITR-2, ITR-4.