Most people who have an income are required to file income tax return aka ITR. Filing income tax returns in India is a fairly simple process for many people. You can file ITR online for free easily via the Income Tax Department's official website or third-party IT return filing websites as well. The deadline for returns online this year is August 31, 2019. The process for filing income tax returns is different for different people in India.Before we begin the part where we tell you how to file income tax return online in India, let's take a quick look at which ITR to file.Which ITR to fileFor individuals looking to file income tax returns in India there are four types of income tax return (ITR) forms to consider. These are: ITR-1: Salaried people with income under Rs. 50 lakhs per year should file ITR-1. Here you're allowed to declare income from one house property, agricultural income up to Rs. 5,000, and income from other sources. ITR-2: Normally ITR-2 applies only to people whose … [Read more...] about How to File Income Tax Returns aka ITR Online in India
Filing free tax return
Louisiana state personal income tax filings are due Tuesday. The state Department of Revenue says anyone who wants an extension, to have more time to prepare and file the tax return, needs to request it ahead of the deadline to avoid late-filing penalties. An extension doesn’t give someone additional time to pay any taxes due. Tax payments received after the return due date still will be subject to interest and late-payment penalties. Taxpayers can submit an extension request electronically and get more information online at: www.revenue.louisiana.gov/extensions . To sign up for free CityBusiness Daily Updates, click here. … [Read more...] about Louisiana state personal income tax returns due Tuesday
This article is available to Members of The Local. Read more Membership Exclusives here. People who live and work in Germany in certain circumstances are not obligated to file a tax return by May 31st. Earners below a certain income level If you earn below €8,820 per year as a single person or €17,640 annually together with your civil partner, you do not have to pay taxes on this income (i.e. file a tax return). Employees in tax class 1 Employees in tax class 1 (Steuerklasse 1) whose only source of income is from their employer - a significant amount of the workers across Germany - also do not have to file a tax return. The same applies to married people with tax class combination 4/4 (Steuerklassenkombination 4/4). In both these cases, filing one’s taxes is unnecessary since one’s employer pays the workers' taxes to the finance office. But it could be worth filing a return nonetheless. For the 11.5 million residents nationwide who received a … [Read more...] about Who is obliged to file a tax return in Germany and who isn’t?
Start the Countdown There are a lot of resources out there to help military members and their families maximize their tax refunds. monkeybusinessimages/iStock/Thinkstock Taxes are difficult enough for civilians. But if you're a member of the armed services or in a military household, the dreaded chore of filing income taxes can seem even more complicated. First, you have to sort out whether what you earned over the past year is even taxable. Some military compensation is not. That's generally a good thing, but there are circumstances when having a greater share of taxable earnings can result in a bigger tax refund. If you moved during the past year, you might not be sure where to file or whether you can deduct things like movers and travel costs. And just what makes a uniform deductible, anyway? Ideally, members of the United States military wouldn't have to pay taxes. But even heroes can't escape income taxes — although enlisted soldiers or warrant officers serving … [Read more...] about 10 Tips for Filing Military Taxes
From seniors wondering if they have to file a tax return to hard-on-their-luck New Yorkers who've run out of cash, readers swarmed the Daily News' free tax hotline last week. Nearly 1,000 people were treated to free advice over three days from 27 members of the New York State Society of Certified Public Accountants, who answered questions by phone and live Web chats. "It's been a very bad year. This was very helpful," said a recently widowed Mona Brill, 54, after getting an answer to her tax question from Diane Giordano of Marcum LLP. The economic downturn was a constant theme as many callers wondered whether they should file a return if they do not have enough money to pay their taxes. Pink Min of Chinatown said she lost her job as a restaurant hostess and had collected unemployment for nearly a year. "Should I file my taxes if I don't have the money to pay?" she asked. "You should always file the tax return whether or not you have the money to pay the taxes," said Craig … [Read more...] about Daily News tax help hotline: Always file for tax returns even if you don’t have money to pay taxes
U.S. Government Shutdown As the partial government shutdown approaches historic records for length, Smithsonian museums still aren’t open to the public, leaving visitors disappointed. However, the good news is that since people can’t spend time enjoying museums, they have more time to file their taxes because even during a shutdown, they’re still due. While the Internal Revenue Service (IRS) has been operating with about only 12 percent of its workforce because of the shutdown, furloughed employees will be called back to work to help with returns. The IRS will begin processing returns on January 28, although, for most of the country, the final deadline to file won’t be until April 15. During a shutdown in 2011, the IRS was instructed to not issue tax refunds, which prompted speculation that refunds would be delayed if the shutdown continued past January 28. However, the IRS recently announced that refunds would be issued in a timely fashion, just as they would … [Read more...] about Can I File Taxes During the Government Shutdown? Will Shutdown Affect my Tax Return? IRS Shares Plans for Tax Season