Certification of Foreign Source Income University of Pennsylvania Finance Upenn Form
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FAQs
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How difficult is it to complete masters in computer science from University of Pennsylvania? Do students flunk/drop out due to the high study pressure in UPenn?
They do in fact drop out. One of my roommates, a CSE (computer science and engineering) student dropped out in his first year because he had great difficulty writing a "C" compiler in the "C" programming language. You might help yourself by "auditing" the class (if that's available in the Grad school) or by buying the text book and course pack ahead of time and studying them. Wayne Reses. -
If poker is your only profession and you have no other sources of income, how do you pay taxes for that in India? Which ITR forms should I fill out?
As per Section 115BB of the Income tax Act, 1961 any income of winnings from any lottery or crossword puzzle or race including horse race or card game and other game of any sort or from gambling or betting of any form or nature whatsoever (which includes income from poker) is taxable at 30% plus education cess of 3% (Total 30.9%). There is not benefit of basic exemption limit but Chapter VIA deductions are available i.e. section 80C, 80 D and other seciton 80- deductions. TDS is also deductible at 30%. -
How much will a doctor with a physical disability and annual net income of around Rs. 2.8 lakhs pay in income tax? Which ITR form is to be filled out?
For disability a deduction of ₹75,000/- is available u/s 80U.Rebate u/s87AFor AY 17–18, rebate was ₹5,000/- or income tax which ever is lower for person with income less than ₹5,00,000/-For AY 18–19, rebate is ₹2,500/- or income tax whichever is lower for person with income less than 3,50,000/-So, for an income of 2.8 lakhs, taxable income after deduction u/s 80U will remain ₹2,05,000/- which is below the slab rate and hence will not be taxable for any of the above said AY.For ITR,If doctor is practicing himself i.e. He has a professional income than ITR 4 should be filedIf doctor is getting any salary than ITR 1 should be filed.:) -
I'm 21. I lost my dad which was my source of income and I am just a new student in a medical university in a foreign country. I want to study something else because with no finance I'm not really sure of this medicine thing. What should I do?
Medicine is indeed one of the most expensive courses and it's the same everywhere. Have you tried applying for academic scholarships/ study loans from the university? If your passion is really in the medical line, you can actually consider 'cheaper' courses like biomedicine, health science, neurology etc. Though those courses can be slightly cheaper than medicine and the duration of completions will be shorter, the fees will still be a burden if you are unable to get a stable source of income. I guess study loans may be the best for you. Looking forward to hear from you, future doc! No worries, there will be ways to get out of this dilemma and I'm sure the university will cooperate with you provided that they know your condition. :)
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