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 I want to know, for filing the income tax do we need to prepare books of accounts and get them audited?

Additional Details
Some one told me that it is only required when your income or earning are more then 10L?...


 Why financial year start from first of april?
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 Ok to pay bailiffs for council tax?
help plz, i need some advice please, have tried cab before, i owe council tax and my case is supposedly with the bailiffs who i've not had any contact with.

is it ok to pay council ...


 Tax rebate???????
how much are we getting, i have been told for a while that we are getting 600 now someone is telling me its only 300 does anyone know for sure exactly what we will be getting?????...


 Is there a tax deduction if my wife is pregnant?
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 Would I get a big tax break if my wife stops working?
If I have 1 dependant, how much tax break do I get?...


 Where can i file my taxes with my last pay stub for 2008?
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 When are those 600 irs checks getting sent?
You know thos tax relief checks when are they getting ...


 Corrupted taxes?
To the government,

i go to school full time and working to pay for my school. Im barely sliding each semester so im limited to extra spendings. Now i owe $500 to federal and $200 for ...


 If my wife has a home business Doesn't she get deductions for expenses?
I looked at the tax calculator and I don't see a box for personal buisness expenses. Will she really get anything back? We spent about 3,000 between gas, supplies,food and etc. Will we see this ...


 I was recently paid some money for the sale of shares, now I am told I was paid in error do I have to repay?
I was entitled the shares with a previous employer, but learned that I would forfeit the shares if employed for less than 3 years. I left after 2.5 years. I was paid for the shares in a buy out and ...


 My friend is leaving UK for good. Can he claim all of his N.I that he has paid to date from inland revenue?
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 Someone is working in another state under my ssn.....how do i stop this?
IRS called and i owe back income taxes.......I am on disability and do not file taxes......they insist that i have been working in Missouri.....I live in Illinois......what do i do?...


 How long after you got your letter stating when your check would be sent did you recieve your stimulus check?
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 National Service?
Would be a way to stop youngsters carrying knives, D...


 How would I save money on taxes from this damn gov?
ok here is the scenario:

My gross pay per year is $70,000. After taxes I receive only $2000 every bi-weekly. So gov is chewing off about $695 every bi-weekly from my paycheck.

(...


 Any idea on the cheapest way to get two years of taxes done?
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 If my CPA made mistakes on my return do I have to pay her?
My CPA is charging me $250 for filing this year's return, which I don't feel is too expensive, however she made several mistakes. I don't feel I should have to pay her the full amount ...


 How do you cash a paycheck??
its my first pay check and i need some help. thanks....


 How much can you make in income after you start drawing social security?
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funnybunny
I am turning 19 in February, I got married on January 2, 2007, and moved soon after to another state.?
I moved with my husband who is in the military. Right now I am working full time. And during the fall 2007 semester I will start going to college full time. My parents don't know that I am married (I know, I know-don't judge me), and I don't want them to find out for a while. What do I need to do tax-wise to keep them from finding out this year? And is there any other way for them to find out?
                     
 




Emily B
The taxes you are about to file are for 2006...since you got married in 2007 that will not affect the return you are about to file.

There is no other way for them to know your marital status unless you tell them, or unless they search public records and find your marriage license, which is unlikely.


luvtheMarines!
the taxes are for 2006 so they can still claim you as a dependent since you were in their care all of 2006... be glad you did not marry before January 2007... otherwise, you would be in a bigger mess.... you might as well go ahead and tell them you are married so you do not have to constantly worry about it... get it off your sholders.. you are an adult now... tell them.


mageta8
Rating
Don't worry....these taxes are for 2006. You weren't married until 2007.


ninasgramma
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You do not need to do anything tax-wise to keep them from finding out your marital status in 2007. Since you will not be living with them in 2007, they cannot claim you on their tax return.

However, if they incorrectly try to claim you on their 2007 tax return, and you have not filed yet, it could cause you and your spouse tax problems since your return could be rejected. But even then, unless you tell them of your marital status, there is no process in the tax system which would reveal your marital status to them.

My tax advice to avoid tax problems as noted above is to get your name on the Social Security Card changed. That way your parents cannot mess up your taxes.


hunter2
Well, you are a funnybunny indeed. But I'm sure that you have your reasons.

The only way that I know of that they will find out is if they suspect and check the county recorders office in the county where you wed. It's public record.

Of course they may be used to filing their taxes showing you as a dependent. I'm pretty sure, (not 100%) that you can't let them do that now that you are married, since you are no longer their dependent. Your tax filing is not a public record so you may be able to file jointly with your husband without them knowing. But at some date in the future this will certainly all come to light.
Unless they are the worlds most understanding people or completely disinterested they are going to be REalLY hurt. So just think about how that can affect many things for a long time.
Will they hold it against you long enough to shun the Grandkids?
Unless you are holding off for just a few months and then going to have the big ceremony that they are dreaming of for them. I'd come clean asap. This stuff has a way of getting blown way out of proportion in the eyes of the agrieved.

Best to you,


Judy1
Well, since you didn't get married until 2007, that doesn't affect anybody's 2006 returns. If your parents can claim you as a dependent for 2006, your marriage doesn't change anything, they still can, so you don't have to tell them for any tax reason.

About the only way they'll find out you're married is if somebody, you or someone else who knows about it, tells them.

I'm not judging you, I'm sure you have your reasons, but would like to give you some advice. Tell them. You're old enough to make that decision. And you've made it. They might not be happy, but no parent is happy with every decision their kids make (speaking as a mom). If they don't like your husband - well, they'll get over it or they won't. You can't control that. And if they just think you're too young to get married - well, you are married, so that doesn't really matter now.

Good luck, with your parents, your marriage, and your schooling.


justwondering
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The other person's reponse is right, and don't worry, I myself will be getting married and my mother will not be finding out for a while, which is entirely on her. Good luck with everything


atrain10
Rating
As long as your husband does not claim you as a dependent you should be ok. If you're in school your parents are probably still claiming you under their taxes. If both you husband and parents claim you, your SSN will appear twice and your parents will get a letter from the IRS.


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