#TDS return form

[onlinecompanyregistrationsblog]

Online TDS Return

Simplify your TDS return filing process with Legal Pillers' online services. Their expert team ensures accurate and timely filing of TDS returns, saving you time and effort. With their seamless online platform, you can conveniently submit your TDS returns, comply with tax regulations, and avoid penalties. To know more, visit their website.

[legalvidur]

#Legal Vidur Daily Update

[gblnews]

ITR filing FY 2023-24: Why is Form 16 important for salaried individuals when filing income tax return? - Times of India

Income Tax Return Filing FY 2023-24: Form 16 is an important document when it comes to filing the income tax return. It is a TDS certificate issued by employers to their employees, which contains details of salary income paid, the tax regime chosen by the employee for TDS on salary, total tax deducted and deposited against salary income during the financial year, and eligible deductions claimed…

[eazybillssoftware]

A comprehensive guide to Form 16A: A TDS Certificate

Form 16A is a TDS certificate that is issued by the deductor on a quarterly basis. It is a statement concerning the nature of payments, the amount of TDS, and the deposited TDS payments to the Income Tax department. It also consists of brokerage, interest, professional fees, contractual payments, rent, and other sources of income. 

Unlike Form 16, which only consist salary structure, Form 16A of income tax charge TDS from:

Receipts from business or profession fees. 

Rental receipts from a property or rent. 

Sale proceeds from capital assets. 

Additional source.

Important components of Form 16A 

The important components of Form 16A are: 

Details of the Employer: It contains the name, TAN, and PAN of the employer. 

Details of Employee: It contains the name, TAN, and PAN of the employee. 

Mode of Payment: Both offline and online modes of payment are available. 

Receipt number of TDS: The receipt number of TDS helps in the tracking of back details.

The date and deposit tax amount with the income tax department help track information. 

Significance of Form 16A 

Form 16A plays a pivotal role while filing an income tax return, especially when someone has other sources of income apart from their salary. Here are the key benefits of Form 16A:

Filing of income tax returns: The details contained in Form 16A help employees file their income tax returns. It guides employees in reporting their total income, which includes salary and other sources. 

Tracking of TDS: It helps every individual keep track of the tax deducted at source (TDS) on their income. It gives you a summary of TDS deducted at source. 

Income Proof: Form 16A works as evidence of an individual's total earnings from other sources. Government agencies and financial institutions, like banks, easily accept this source as income proof. 

Loan Applications: This form is important in verifying the loan applications. Financial institutions often need a record of the assets and liabilities of an individual to check the guarantee on loan repayment. 

How to download Form 16A?

Below are the following steps to download Form 16A:

Visit the official website of the income tax department. 

Complete the registration process on the website. 

Click the "Download" tab, and then select Form 16A. 

Fill in the PAN details, and then click “Go to continue.”. 

Click submit and download Form 16A. 

What is the difference between Form 16 and Form 16A?

Form 16 and Form 16A are both TDS certificates, but there are certain differences between them. The following are the differences between Form 16 and Form 16A:

Form 16 is a TDS certificate deducted from salary, whereas Form 16A is issued for income other than salary. 

Form 16 is issued by the employer, whereas Form 16A is issued by financial institutions. 

Form 16 is used for deducting tax from salary, whereas Form 16A is for removing taxes from another source of income apart from salary. 

Final Thoughts  

Paying taxes is the responsibility of the citizens of the nation. It is evident that the process of filing an income tax return and Form 16A is restless and troublesome. Some technical terms of income tax are not known to the new taxpayer. Worry not, because Eazybills will solve every tax-related problem and also offer TDS tracking. 

So? What are you waiting for? Connect to us today through our website, where our professional team will guide you according to your requirements.

[mystartupsolution]

TDS Refund Services Provider in Lucknow

Do you need professional help with refunds for TDS Refund Services Provider in Lucknow. There is no other place to search! At My Startup Solution, we want to make sure you receive your money back. We are your trustworthy resource in Lucknow for TDS refund assistance. Our team of skilled financial advisors is ready to streamline the process and maximize your reimbursement.

What is TDS?

TDS stands for Tax Deducted at Source. This type of taxation involves deducting income tax before it is received from a number of sources, the best TDS refund process in Lucknow such as commission, rent, interest, and compensation. Subsequently, the tax that was deducted is submitted with the authorities.

Why Choose My Startup Solution

Experienced Team: Our team consists of seasoned tax professionals who are well-versed in TDS regulations and refund processes. With their in-depth knowledge, we can guide you through every step of the refund process.

Personalized Approach: We understand that each case is unique. That's why we offer a personalized approach to ensure you receive the maximum refund based on your specific circumstances.

Efficient Process: Our streamlined approach minimizes the time and effort required for you to receive your refund. We handle all the paperwork and formalities, ensuring a hassle-free experience.

Transparent Fees: We believe in transparency. Our fees are competitive and clearly communicated upfront. You can trust us to deliver quality service without hidden charges.

Customer-Centric Service: Your satisfaction is our top priority. We provide clear communication, regular updates, and timely responses to your queries, ensuring you feel supported throughout the process.

Our TDS Refund Services:

Assessment of TDS: Our experts will assess your TDS deductions and compare them with your actual tax liability. This allows us to determine if you are eligible for a refund.

Documentation Assistance: We help you gather all the necessary documents, including Form 16, Form 26AS, and other income-related documents, to file your refund claim accurately.

Filing the Refund Claim: Our team will prepare and file the refund claim on your behalf, ensuring compliance with all tax regulations and deadlines.

Follow-up with Authorities: We take care of the follow-up process with the Income Tax Department, keeping track of the progress of your refund claim and addressing any queries or concerns.

Refund Tracking: We provide you with updates on the status of your refund, keeping you informed until you receive your money back.

Benefits of TDS Refund Services:

Maximize Your Refund: Our experts ensure you get the maximum refund you are entitled to.

Save Time and Effort: We handle the entire process, saving you time and the hassle of dealing with paperwork and tax authorities.

Compliance and Accuracy: Our professionals ensure that your refund claim is filed accurately and in compliance with tax laws.

Peace of Mind: With us managing your TDS refund, you can focus on other important aspects of your life without worrying about tax issues.

How to Get Started:

Getting started with My Startup Solution is easy. Follow these simple steps:

Contact Us: Reach out to us via phone, email, or our website to schedule a consultation.

Provide Necessary Documents: Gather your income-related documents such as Form 16 and Form 26AS and share them with us.

Let Us Handle the Process: Sit back and relax while our experts take care of the entire refund process.

Receive Your Refund: Once your refund claim is processed, you will receive your refund directly in your bank account.

Conclusion:

At My Startup Solution, we take pride in being the leading TDS refund service provider in Lucknow. Our dedicated team of professionals is committed to delivering exceptional service and ensuring you get your refund swiftly and efficiently. Don't let your money stay locked up—contact us today and let us help you claim what's rightfully yours!

Visit Now: www.mystartupsolution.inContact us for more details: +91 8795224400

[cadeveshthakur]

Different Types of TDS Returns and Certificates |TDS Filing Due Dates FY...

[riyasharma0291]

Section 234F (delay in filing Income-tax return)

Section 234F of the Income Tax (I-T) Act imposes a late filing fee on income tax returns that are filed after the deadline. For individual taxpayers, the deadline to submit your Income Tax Return  for the AY 2022-23 (FY 2021–22) has been extended to December 31, 2022. A penalty may result from not submitting your ITR on time, but there are other impacts and inconveniences as well. Let's examine these in more detail below.

Section 234F

A belated return, as the name suggests, is one that is submitted after the deadline set forth in the income tax regulations. According to Section 139(1) of the Income-tax Act ("the Act"), an assessee (other than a company) whose accounts are not required to be audited by a chartered accountant is required to furnish a return of his income on or before July 31 of the applicable Assessment year. The penalty amount under Section 234F, its applicability, and more are all provided below.

The ITR filing deadline for the assessment year 2022–2023

According to section 139(1), the deadline for filing returns for the Assessment Year 2022–23 is July 31, 2022, unless the government extends the deadline.

The common misconception among taxpayers is that once their taxes are paid, they are free from further responsibility. Legal repercussions, however, can result from failing to file an ITR by the deadline. For returns submitted after the deadline, a late filing fee is charged.

S.No.

Particulars

Due Date

1

ITR filing for individuals and entities that are not subject to tax audit

31st July 2022

2

ITR filing for taxpayers subject to a tax audit 

31st Oct 2022

3

ITR filing for taxpayers subject to transfer pricing

30th Nov 2022

4

Due date for belated return income for FY 2021-22

31st Dec 2022

Penalties For Filing Income Tax Returns Late

Failure to file your ITR by the deadline may result in a penalty or late filing fees, in addition to the inconveniences associated with the delay. Section 234F discusses late filing fees and the circumstances under which they apply. We have covered every aspect of the applicability of section 234F under the Income Tax Act of 1961 in this guide. To avoid being subjected to the Section 234F penalty, read carefully.

For example, the deadline for filing returns for financial year 2021-22 is July 31, 2022. If you fail to file your ITR by the due date, you can file a belated return by December 31, 2022. However, you must pay the penalty for late filing.

If you file your ITR after the due date of July 31, 2022 but before December 31, 2022, you will face a maximum penalty of Rs 5,000.

However, small taxpayers are protected: if their total income does not exceed Rs 5 lakh, the maximum penalty for late payment is Rs 1000.

Particulars

Amount

If the Income is less than Rs. 5 Lakhs

Rs. 1,000

If the Income is more than Rs. 5 Lakhs

Belated Return filed before 31st Dec

Rs. 5,000

Belated Return filed after 31st Jan

Rs. 10,000

Impact of Missing the Due Date for Filing

Interest on late filing

Aside from the penalty for late filing, interest at 1% per month or part thereof on tax due will be charged under Section 234A until taxes are paid.

It is critical to note that you cannot file an ITR unless you have paid your taxes. The interest calculation under this section will begin on the day following the due date, i.e. 31 August 2022 for FY 2021-22. As a result, the longer you wait, the more you will pay.

Refunds Are Delayed

If you have overpaid taxes and are entitled to a refund from the government, you must file your returns by the deadline in order to get your money as soon as possible.

Penalty

A penalty of up to 50% of the tax due may also be assessed by the income tax officer in cases where income is underreported.

A taxpayer may experience additional repercussions for filing returns late in addition to the penalty assessed by the IT Department.

Losses not being stimulated

Losses incurred (aside from losses to real estate owned by the taxpayer) may not be carried over to succeeding years. If the return has not been filed by the due date, you cannot use these losses as an offset against future gains. Losses may, however, be carried forward if they relate to house property.

Prosecution

If a person purposely fails to file a return despite receiving notices, the income tax officer may initiate prosecution proceedings. The sentence can range from three months to two years in prison, plus a fine.

If you owe more money to the Income Tax Department, the prosecution period may be extended to seven years.

Conclusion

The Income Tax (I-T) Act, Section 234F, imposes a late filing fee on income tax returns filed after the deadline. Individual taxpayers' ITR submission deadline for AY 2022-23 (FY 2021-22) has been extended to December 31, 2022. Not submitting your Income Tax Return on time may result in a penalty, but there are other consequences and inconveniences. This article will show you everything you need to know about filing a late income tax return.

[rudrjobdesk]

ITR: अगर बदली है नौकरी और मिले हैं दो या दो से अधिक फॉर्म-16 तो इस तरह भरें अपना आयकर रिटर्न

ITR: अगर बदली है नौकरी और मिले हैं दो या दो से अधिक फॉर्म-16 तो इस तरह भरें अपना आयकर रिटर्न

Photo:INDIA TV ITR Highlights 31 जुलाई 2022 है असेसमेंट ईयर 2022-23 के लिए आयकर रिटर्न दाखिल करने की आखिरी तारीख 15 जून तक नियोक्ताओं के लिए फॉर्म -16 जारी करना अनिवार्य दो या अधिक फॉर्म 16 होने पर टैक्स, एचआरए, एलटीए आदि की गणना में परेशानी होती है ITR: आयकर रिटर्न भरने का सीजन शुरू हो गया है। ऐसे में अगर आपने एक वित्तीय वर्ष में दो या उससे अधिक नौकरी बदली है तो अलग-अलग नियोक्ता से आपको 2 या…

[crimsonxe]

1 episode in and god people are already annoying me in regards to Jon being how Jon always fucking was. He was never a stooge of the left, he definitely lines up on the left, but he always has spoken how he sees shit. If anything falling into centrist-left territory. He took shots at Bush, turned around took shots Obama, and then turned around to take shots at Orange Hitler.

I'm well aware of the stakes of this election and I'm very much pro-Biden, I also can take a few slight pokes at him in the pursuit of pointing out the need for younger generation of presidential hopefuls in the future. As well as highlighting the value of voting blue across the board, also continuing to do it and not just have it as this one time. I have to wonder if these people ever even watched TDS with Jon in the first place, cause the reason he's the most trusted newsman is that he isn't coddled up to the Dems; he's willing to poke that side. But he also tears into the right far more, especially since they give him all the ammo he could need. Love Jon and tonight's episode was a return to form.

Anyone saying he's in the same vein as Bill Maher is a fucking clueless moron. Jon isn't going anti-trans, he isn't both sides-ing major issues, and he's actually been on the front lines for shit like the first responders. So anyone trying to put the two as in the same vein can fuck off with that bullshit.

Hopefully this fixes the typo cause Jon is NOT anti-trans, Bill Maher is.

[whosbex]

TD Heather character analysis

I’ll start off by saying that little me was a hater. I did not like Heather at all I thought she was an awful person and one of the reasons why was because Gwen was my only favorite.

However now that I’m older and have had time to grow I see her a bit more clearly now and find her very relatable now and have realized that 8 yr old me was projecting very hard. The perfect way to explain that with a few worlds is the saying:

“Hurt people hurt other people”

At the time I found the show I was living at a hospital while a family member was dying and I was mean to many people for no reason because of my grief. I’ll admit I acted a lot like Heather.

Being in a household with a lot of siblings that don’t look out for each other but instead stick to the rule “every man for themselves” she has to fight and survive to get attention, approval and basic needs form her parents. From what we’ve heard from Heather about her siblings they don’t exactly seem to be a walk in the park either. When she describes her brother Damien he seems to be pretty misbehaved as well, so leads to the conclusion that it’s not just her who acts like this. It’s because of living in a dysfunctional home where all she can do to feel safety and not judged is to be in constant survival mode along with having to defend herself from her own damn family is why she’s so used to being the mean, spoiled brat we see her as throughout the show. She’s not allowed to show vulnerability in a place that she’s supposed to call home, with people who are supposed to love her unconditionally regardless of her failures, emotions & flaws. We can’t expect her to be a nice person and to be vulnerable enough to create relationships outside of the house if she’s not allowed to do it at home. We can’t expect it because not only is she not shown it but she’s not welcomed to experiment and show it herself to others in a place and with people who are suppose to be her stronghold and foundation. Children learn from example, if you don’t show them them love or care they aren’t gonna do it in return or to anyone else for that matter.

So of course when she’s placed on an island with complete strangers, she switches her survival mode on to the max. Blocking them out before any of them can get to her and damage her even more than she is.

All Heather was ever really taught in her life was “Do whatever it takes to achieve your goal. No matter the cost.” Let the cost be losing friends, public humiliation, being hated by all the people she knows, sacrificing her feelings for the guy she loves all so she can reach her goal aka the million dollars. But then she’s left with the thought of what happens next. What happens after she gets what she wants? She gets her goal and yet she still is ignored by the people that she wants approval from (her parents) .

When she was sobbing on that volcano, what did she say? She said,

“I worked so hard”.

That is a phrase, a plead, a person gives when they are so tired of making efforts that they now realize will never be acknowledged. Efforts that never mattered in the first place. That there was her plead for rest! She was so done, until she was shown that someone actually admitted and expressed and showed her what vulnerability was. They expressed their feelings of love and admiration for her that she actually stopped and thought for a moment. None the less her unhealthy habit of putting her goals first before anything kinda ruined it😑.

Even so she’s explained how she does feel guilty has resentment about her behavior. We see with Harold in season one she says “it’s become a habit for hers” and she hides how she actually feels about being disliked by others. She doesn’t want to be mean it’s just all she’s ever known. She was never taught to be in touch with her feelings or to be respectful emotionally vulnerable with herself. That’s why I found it so beautiful in All Stars when we saw her being genuinely happy with Alejandro. She seems relaxed and unbothered (til Chris ruined it😒). And I hope that’s how the rest of her relationship will be, because happy Heather is everything ♥️.

@not-eli @math-is-math

[caemthe]

"I have never regretted to brave the long night."

Name: Jiyan (忌炎) Species: Human (Mutant Resonator) Birthday: December 14th (25 yo.) Gender/Pronouns: cis male he/him Orientation: Biromantic Bisexual Hometown: Huanglong Parents: Unnamed mother Weapon: Verdant Summit Alignment: Lawful Good

Personality: ISFJ. A righteous and attentive man with a strong sense of justice and resolution. He always provides timely solutions when they are needed most. Just as gentle rain quenching parched soil, Jiyan carefully orchestrates aid and ensures that no area goes without assistance. Appearance: A beautiful tall man (6’2/1.87m) of long hair and a distinctive Tacet Mark situated atop his dorsal ridge. Post-Awakening observations found some growths that resemble Loong scale on his left jaw.

[ wu.wa spoilers under the read more ]

BIOGRAPHY

Born into a medical family, Jiyan became his mother's assistant at the age of 10. He excelled at medical skills and was popular among patients, not only for his expertise, but also for his great ability to soothe their upsets and cater to their needs. Despite his exceptional medical prowess, there were still some lives he couldn't bring back from the jaws of death. The last patient he couldn't save was Beiwang, his friend and mentor, who was heavily injured by TD.

His mentor's passing ignited a transformative spark in Jiyan: his regret, wistfulness, and frustration turned into his strength to wield the lance on the battlefield. He realized that the Lament was such a great disease that not even the best medical instruments or the most adept surgeon can remove it. This realization drove him to want to cure the world in another way, so he took up arms as a soldier. Now, only the gourd-shaped pill case on his belt loop indicates that he was once a doctor. 

At the age of 15, he bravely rescued his fellow soldiers during a critical TD outbreak. By the age of 20, Jiyan assumed the role of general, becoming the youngest general in the Midnight Rangers’ history, guiding the army with determination and courage.

Shortly after being appointed general, an unexpected TD Outbreak occurred that could've doomed the entire Huanglong. Amidst the chaos, Jiyan alone remained composed and his resolve unshaken. He studied real-time images from monitoring devices, devised a plan and led their coordinated army to face the enemy head on. During the attack, Jiyan bravely fought off hordes of enemies, paving the way for his fellow soldiers with unmatched strength. The Tacet mark on Jiyan's nape was flickering, a sign of Forte overexertion, but he pressed on. His Qingloong flew high in the sky like a proud banner of resolution, never once faltering to the ground.

TRIVIA

Despite being known for his calm and decisive nature, Jiyan has a recurring nightmare: the city of Jinzhou engulfed in flames and consumed by TD. A lone figure fights relentlessly, taking down hundreds of thousands of TD. But, despite his best efforts, he can't stop the endless enemies. Day after day, year after year, he fights in vain until he's the sole survivor. The, the TD transform into his fallen comrades, encircling and closing in on him.

A decade ago, during the Jinzhou Riverside Games, Jiyan agreed to form a temporary team with other 3 recruits for the Gulpuff Relay with other recruits since their captain had to tend an urgent matter. A mistake occurred, and the temporary team lagged far behind, but the final runner (Jiyan) swiftly closed the gap with their opponents, unnoticed by everyone. They won the race and set a new record that hasn't been surpassed in 10 years.

With the help of the Academy, Jiyan bred a resilient type of flower that they named 'Emortia', representing both 'departure' and 'return'. He wanted to honor the sacrifice of the fallen soldiers, helping their souls return to their homeland. These flowers are planted in Knell Square, the place where the life of Midnight Ranger starts and ends.

VERSES

Wu.wa: Default verse.

F.go: TBA.

Modern Fantasy: TBA.

Fantasy: TBA.

Modern: TBA.

H.sr: TBA.

[kyogre-blue]

My understanding of the story of Wuwa as of 1.0:

Long ago, a cataclysm (the first Lament) devastated the world. A new form of energy (Remnant energy) caused many dangerous phenomena (Waveworm phenomena: Tacet fields, Etheric Sea, Retroact Rain), created monsters (Tacet Discords = TDs), and gave special powers to some of the population (Resonators). Since then, civilization has rebuilt, but many dangers still persist.

Within an unknown transdimensional space, a mysterious girl seemingly inserts some kind of power into you and sends you down into the world.

You awaken as an amnesiac who was found by a trio of girls (Yangyang, Chixia, Baizhi). Soon after, you display a strange power to absorb the remains of monsters into your body, while a voice in your head says it is hungry.

A message from the local leader (the Magistrate) is broadcast across the area almost perfectly matching your arrival, and when she talks about a special guest she has been anticipating for a long time, you think she might mean you. However, when you try to meet her, you are told she has been urgently called away on a vital task and she will see you in three days.

When you finally meet her, she reveals that she knew of your arrival due to a prophecy from the city's guardian dragon (the Sentinel, superscript Oracle Engine, Jue). However, the Sentinel is currently missing. You work with her to capture a high ranking member (Overseer) of an apocalyptic cult (the Fractsidus), Scar. He reveals that their group is aiming to bring about an apocalypse (another Lament) by hastening the reawakening of a powerful TD (Threnodian) nearby. They believe the world will be cleansed by the Lament, and they are the chosen few who understand the truth.

At the same time, it is revealed that Jue may have departed willingly and that it has had a vision of the Magistrate, Jinhsi, fighting against it to determine the future of the city (Jinzhou).

Jinhsi gives you two leads: the mysterious organization Black Shores and another prophecy from Jue, showing you together with the General of the local militia (Midnight Rangers), Jiyan.

You are able to meet and exchange information with two members of Black Shores (Aalto and Encore), after you cooperate to investigate the location of a failed experiment by the splinter cell of a research organization (Court of Savantae), with involvement from Fractsidus. The lingering visions of the researchers include the mysterious girl who sent you down to the world, calling her a future being hailing their past.

The Black Shores organization works to track Remnant energy across the world in order to predict the next Lament, making them your allies. Aalto reveals that this is not the first time you have "reawakened" and, the previous time, you woke up at Black Shores.

As you finish the investigation, the readings of Remnant energy go haywire as the Threnodian's awakening unexpectedly hastens and its negative influence begins to spread. You rush to the front line to meet the General, Jiyan.

Working together with Jiyan and many others, you enter the massive statue that serves as the cocoon of the Threnodian of war, Ovathrax, and defeat the powerful TDs it sends against you. When you are almost killed by its last attack, an unknown creature appears from within your Tacet Mark and swallows the Threnodian's power. With the battle no longer in its favor, the Threnodian disappears.

With this, peace returns to Jinzhou, if only temporarily.

......And that's it, though I left out a lot of details, especially about individual characters.

[gblnews]

Form 26 AS: Filing Income Tax Return? Know why Form 26AS is important & how to download it - Times of India

What is Form 26 AS in income tax return filing? Form 26AS is an important document when it comes to filing Income Tax Return (ITR), as it not only contains the amounts and dates of taxes paid in advance but also includes all financial activities of a taxpayer. However, Form 26AS is effective only for the financial year 2005-06 onwards. Form 26AS Explained Form 26AS is divided into three parts:…

[wheelsgoroundincircles]

• Ken Miles was born on November 1st of 1918 in Sutton Coldfield, England. During his early life he apprenticed at a British car manufacturer. During World War II, he worked in various duties that dealt with machinery and utilized his mechanical skills. He began motorcycle racing while in the service and this would continue after his tour. After World War II, he returned to the automobile industry and to automotive racing. He acquired a Frazer-Nash racer and installed a Ford V8-60 engine. It had mile success in local and club competition.

• In 1952 Ken Miles came to the United States where he accepted a position as service manager for an MG distributor in California. Later, he would became involved with a wide range of teams and races and have a profound influence on early American road racing. His skills as a driver and fabricator quickly evolved and he became legendary on the West Coast with his competitive Specials.

• Miles first racer (that he constructed) was in 1953, while working for Gough Industries. He had been racing MG TD's for Gough, but they were often outclassed by the competition. Gough helped Miles with creating a racer, though he was unable to provide cash. What Gough did provide was use of any MG or Morris and any stock spare part.

• Miles began work on the MG R-1. The frame was created from mild steel tubing and attached to MG Series "Y" independent front suspension. The rear was comprised of a live axle. Alfin aluminum drum brakes with two-wheel cylinders were used to provide the stopping power while a Morris Minor rack-and-pinion kept the vehicle in the drivers control.

• Under the hood was an experimental racing engine that had a 1466cc displacement size. The engine would later be used by MG for their MG TF 1500. The engine had twin SU carburetors and a 10.5:1 initial compression ratio. The compression ratio was later increased to 11.6:1. The 83 horsepower engine was mated to a stock MG TD transmission which sent the power to the rear wheels.

• The car was clothed in a hand-formed aluminum body. The overall weight of the vehicle was less than 1,230 pounds. The car made its inaugural appearance in 1953 at a rainy Pebble Beach. The car had not been tested but this did not seem to matter, as it emerged victorious. Throughout the next year, the car would win all of the races it was entered, except for two. Its racing career came to an end in 1954 at Pebble Beach, when it suffered mechanical difficulties and failed to finish the race. The flywheel bolts fractures which allowed the flywheel to come loose. This resulted in the engine over-revving and it threw a rod. The R-1 Miles Special's racing career had come to an end.

• The second Miles Special racer was constructed in similar fashion to the first, but incorporated many key mechanical and design changes. Many MG components were still utilized, such as the gearbox and 1466cc MG XPEG engine. The space frame chassis was constructed from one-inch steel tubing which was lighter than its predecessor, but still retained the structural rigidity. To reduce frontal area, the driving position was lowered by nearly four inches. Other techniques were used to reduce the frontal area. The engine was tilted down in the front which did much to achieve this goal.

• The car was narrow and low, which meant changes were needed to fit all the engine components in the engine bay. The MG intake manifolds were installed upside down which allowed the carburetors to be angled and fit under the hood. The design of the vehicle was similar to the MG TF. This was done for brand recognition and to help promote the MG line of vehicles. There were differences; the R-2 had an envelope body with fenders that flared up, and over, the front and rear wheels. In the front was an MG style grille with headlights on either side. The car was finished in British racing green.

• The car was given the nickname, the Flying Shingle. Its inaugural race was in 1955 at Willow Springs. It failed to finish the race. Many of the other races in which it entered, it emerged victorious. Among its accomplishments were first place finishes at Pebble Beach and Torrey Pines. Miles was doing well in small-bore racing, but the competition was consistently keeping pace. Soon, a new machine was needed.

• Miles acceptable a position at Johnny Von Neumann's Porsche dealership. He raced during the 1956 season in a Porsche 550 Spyder and began work on a new racing Special. With von Neumann providing a generous budget, and Porsche providing ample stock components, Miles was able to construct a proper, large-budget racer. Power came from a Porsche Carrera four-cam engine that displaced 1500cc. The chassis was a Cooper Bobtail with a modified nose. The suspension was an independent setup with drums in the front and rear. The body shell was constructed of aluminum which aided greatly in the vehicles low weight of just under 950 pounds.

• Near the close of 1956, the newly created Special was brought to Pomona where it was piloted by Miles to a second place finish. At Paramount Ranch, the car was driven to a class win in the 1500cc class, and beat-out the big-bore modified class as well. The car was raced in 1956 and for part of 1957 before the von Neumann dealership was given the break they had been desperately searching for - a Porsche 550A. The car was supplied from the factory with orders to sell the R-3 Pooper Special. The R-1, R-2, and R-3 are still in existence in modern times. They are used in vintage competition and are shown at events.

• Ken Miles life came to a tragic end on August 17th, 1966 while driving a Ford J-car prototype. The car was traveling at 175 mph on a back-strech. Ken began preparing for a corner, slowing the vehicle down, but it went out of control and over an embankment. Ken was thrown from the car as it spun and went end-over-end. This tragedy brought an end to a brilliant career that began during the very early 1950s.

[donmihalik]

Are Florida home prices falling?

If you are considering purchasing a property in Florida, you may be wondering if the housing market is on the right track. We will look at the present situation of the market as well as some of the hazards associated with this post. We will also compare the current Florida home market to markets in other states.

If you're looking for a cheap area to live in, Florida has one of the greatest housing markets. It provides affordable housing and low mortgage rates. However, there are certain drawbacks to living in Florida.

The home market in Florida has recently cooled. While it is currently in better form than during the previous property market catastrophe, it is not yet at its peak. Home price increases are moderating, and housing supply is beginning to fall behind demand. This has resulted in a supply gap, which will almost certainly continue to drive up property prices.

A number of reasons are contributing to the decline of Florida's housing market. Aside from the continued affordability issue, the real estate market is also being impacted by decreasing job growth and higher interest rate hikes.

More properties are being listed for sale, but fewer are selling. This is excellent news for purchasers, but it may increase market competition. A six-month supply of homes is considered balanced in a regular market.

Many people are relocating to Florida to escape the harsh winters. They are choosing between the new building and resale houses.

However, due to the high cost of establishing a home in the state, there is a scarcity of cheap apartments. The shortfall has made it difficult for Florida to meet people's expectations.

The question of whether the Florida housing market is in a boom or bust stage remains unanswered. There are numerous aspects that influence how a market performs. The labor market is the most significant consideration. The job market in Florida is generally solid, with a 2.7% unemployment rate. Its economy is growing at a moderate pace and is predicted to remain largely stable.

The rise in mortgage rates is another factor leading to the downturn of the Florida home market. As a result, fewer prospective house buyers can afford the properties they want.

Over the last five years, home prices in Florida have increased by 80%. They are, however, not as high as they were during the Great Recession. Nonetheless, some locations are seeing significant price drops.

Among other indicators, the number of foreclosures is increasing, investment returns are decreasing, and mortgage rates are rising. Fortunately, the job market remains stronger than it was during the previous home market meltdown.

However, the housing market's affordability index is deviating from its long-term trend. The amount of new listings has recently decreased. When combined with a wider range of foreclosures, this means that more prospective homebuyers don't see homeownership as a viable option under current conditions.

The Florida real estate market is dynamic. Many Sunshine State homeowners are anxious about the value of their homes. Some people have already begun to make efforts to lower their mortgage burden. However, if you want to own a home, you should be prepared to pay higher interest rates.

Florida's economy is broad, and the state is a favorite retirement and real estate investment destination. Home prices have been rising. However, new housing construction has lagged behind population growth.

This is a nationwide trend, and Florida is no exception. According to a new TD Economics estimate, property prices in Florida will fall by 10 to 15% by 2023. While this is not a full-fledged downturn, it may have an impact on the Florida home market prediction.

The state's unemployment rate is forecast to fall, and the labor market is not as depressed as it was during the Great Recession. These variables should preserve Florida's home market from collapsing completely.

Home prices continue to rise, but at a slower rate than in the early 2000s. Housing affordability has fallen to its lowest level since mid-2006.

Single-family home inventories in Florida were at a 2.5-month supply in September. This is an improvement over the three months preceding the previous housing market crisis.