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SGP Chat Club #5 (Page 99)

Shwets1502 IF-Addictz
Shwets1502
Shwets1502

Joined: 20 November 2009
Posts: 62646

Posted: 09 February 2011 at 9:30am | IP Logged
Originally posted by crysind

Oh! Wow! you reached till final level... Thats really good... So you worked so hard haan... Loosing is not a problem, just take that in a positive way that you reached till final...more than that you learned new things for this quiz....



thanks...this is the first time iam going out of college to participate...and reaching finals was great....
and it was odd...we were in top 6...and we were the only team of girls....
but have to accept....the guys there were superb....
but learnt a lot....have another quiz on friday and then next thursday also...so have to keep studying...

so whats this tax report 2010 that u r working on???

crysind IF-Rockerz
crysind
crysind

Joined: 11 April 2010
Posts: 9061

Posted: 09 February 2011 at 9:34am | IP Logged
Oh yaar... Here as in every where we have to submit tax forms... So I am doing that for last year... In US, even though you are student, you have to submit 3-4 tax forms and filling up those forms are really tough... So for last 2days am fully into that... 
Shwets1502 IF-Addictz
Shwets1502
Shwets1502

Joined: 20 November 2009
Posts: 62646

Posted: 09 February 2011 at 9:36am | IP Logged
so what are these tax forms...??want to learn everything nowadays...so dnt mind asking...

so these are abt ur stay there or what??
crysind IF-Rockerz
crysind
crysind

Joined: 11 April 2010
Posts: 9061

Posted: 09 February 2011 at 9:41am | IP Logged
Its good to learn all these... 

I used to work last year..So I have wages here with some tax withholding...So I have to file 

Form 1040NR for Federal Tax
Form 540-2EZ for California State Resident Tax
Form 8843 - Which should be filed by international students in US

If you go online and type these forms you can see these .... In India, we dont have all these, but here uff....


Shwets1502 IF-Addictz
Shwets1502
Shwets1502

Joined: 20 November 2009
Posts: 62646

Posted: 09 February 2011 at 9:43am | IP Logged
@febs...thanks for the info...

but this is why US is different na...
what u think....so many formalities are necessary or not???
crysind IF-Rockerz
crysind
crysind

Joined: 11 April 2010
Posts: 9061

Posted: 09 February 2011 at 9:48am | IP Logged
yes... this is what make US different for us in a way.... it is not that easy to stay out of country... we have to be very careful in all these and in all rules... some mistake may put "black spot" on your Social Security Number (SSN in short).... SSN is unique identification number for all those who work in US... Our each n every financial transactions will be recorded in this SSN... So if we make any mistake in tax filing and all, thats  a big problem.... I think Indian Govt is also planning for such Unique ID for every one... 
Shwets1502 IF-Addictz
Shwets1502
Shwets1502

Joined: 20 November 2009
Posts: 62646

Posted: 09 February 2011 at 9:51am | IP Logged
Originally posted by crysind

yes... this is what make US different for us in a way.... it is not that easy to stay out of country... we have to be very careful in all these and in all rules... some mistake may put "black spot" on your Social Security Number (SSN in short).... SSN is unique identification number for all those who work in US... Our each n every financial transactions will be recorded in this SSN... So if we make any mistake in tax filing and all, thats  a big problem.... I think Indian Govt is also planning for such Unique ID for every one... 

ya ya...we have a UIDAI being set up...unique identification authority of india...

but yes it is necessary i feel...we are not in a country we belong to...but still we are...so there will be conditions...
crysind IF-Rockerz
crysind
crysind

Joined: 11 April 2010
Posts: 9061

Posted: 09 February 2011 at 9:54am | IP Logged
Yes...it is necessary .... we need all these in India... This will give so much tax returns in India for sure...People can't cheat Govt as each transaction is recorded.... but I am sure in India we have so many evil minded people who will definitely try to find out a way to break this system....  I hope not....


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