 Do I have to pay 2008 property tax in 2008 to write them off or can I pay them in 2009? |
| The taxes aren't due till early 2009. Don't know if I pay them in 2009 if I can still write them off for 2008 tax return.... |
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 Can i claim my x wife and my step kids in Taxes? |
I am sergeant in the united states army , I just came from deployment for 8 months in iraq
me and my wife are getting divorced , it will be finalled in the begining of january , just waiting for ... |
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 Is she in trouble because her boss is paying her cash? |
| I just found out someone I really care about (in the U.S.) is getting paid cash--no taxes or social security are being taken out. If she turns him in, will she get in trouble? What will happen?... |
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 Is there a law that actually says we have to pay taxes? |
i saw a video of some ex irs agents who quit there job because they discovered there is no law that staes we have to pay income taxes?
is there any truth to this?... |
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 If my mom claims me as a dependent! Can i claim myself as independent??? |
| hello, everybody i want to know or make sure if i my mom can claim me as a dependent while i claim my self as independent. i'll give some information so you can help me better. i just turned 20 ... |
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 I want to file for taxes but my mom wants to claim me! can we both file!? |
| I am a student recieving financial aid, my mom has to claim me but can i file as well!... |
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 Where can I get a list of houses that are being sold for back taxes (tax liens)? |
| I am wanting to buy a house that has a tax lien on it so that I can get a large loan and pay a small amount for the house so that I can fix that house up the way that I would like it to be.... |
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 I'm getting taxed...how do I claim my money back? |
| I'm 17, a college student, work part-time (15hours week) and I'm getting taxed for some reason. I shouldn't be getting taxed should I? How do I get my money back?... |
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 Tax rebate question.? |
| I received a letter about a week and a half ago stating i would recieve my check by friday (june 27) but did not. my last 2 digits of my soc. are 75. has anyone received there payment or are they ... |
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 Small income? |
income £670 per month no savings rent £200 per month.+elec+gas +council tax+food.
i am looking for work but until i get a job am i entitled to benefit's such as housing benefit etc etc in ... |
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 Stimulus check sigs? |
Would a stimulus check require both signatures if the return was filed jointly?
We filed jointly and are now getting divorced- I have been told that he received the check ( it is suppost ... |
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 Is it OK if my employer does not give payslips? |
| I have just arrived to the UK and I got a job but am not familiar with the system here. I know taxes will be deducted from my pay. I have not applied for a NI numer yet. Now then, something that ... |
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 How do you give cash as a gift? |
i gace my step mom 500 as a gift how do i do that so i can claim it in tax. i can i gice that cash as a gift
Additional Details
how can i give her the money as a gift so i can claim it ... |
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Shekhar | What is difference between Assessment year & financial year? |
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swati
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ASSESMENT YEAR
`Assessment Year’ is the period of 12 months commencing from the 1st date of April and ending on the 31st day of March next year. `Previous Year’ is the financial year immediately preceding the assessment year. For instance, the current assessment year is A.Y.2001-2002 which starts from 1st April 2001 and ends on 31st March 2002. The previous year relevant to this assessment year would be the financial year 2000-2001 starting from 1st April 2000 and ending on 31st March 2001. As the income of the previous year is to be taxed in the assessment year, the income of financial year 2000-2001 will be taxed in Assessment Year 2001-2002. Likewise, income of F.Y.2001-2002 will be taxed in A.Y.2002-2003
FINANCIAL YEAR
A fiscal year (or financial year or accounting reference date) is a 12-month period used for calculating annual ("yearly") financial reports in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting require such reports once per twelve months, but do not require that the twelve months constitute a calendar year (i.e. January to December).
A new company or business has to decide at the beginning on which month its fiscal year will start. In the United States, the business' tax year is the same as its fiscal year, and must file its tax return by the 15th day of the third month following the fiscal year end. That is, if the fiscal year ends on December 31, then the return is due by March 15. The financial results presented to shareholders are therefore a "photograph" of company's accounts at the accounting reference date. |
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harpatel
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financial year is for which you are filing your return and assessment year is in which you file return (FY06-07 and AY will be 07-08) |
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suru10_mn
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The income of a year is taxed in next year. The year in which income is earned is called Financial year and the year in which it is taxed is called Assessment year. Eg. The income of Financial year 2005-06 will be taxed in Assessment year 2006-07. So earn income in a year and pay tax (except some taxes like advance tax) on it and file your return the next year . Also remember that all tax laws are framed for assessment year and not for financial year i.e. reference to any year in Tax laws will means reference to assessment year. Presently we are in Financial year 2006-07 and assessment year 2007-08. |
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aramaiya
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A fiscal year (or financial year or accounting reference date) is a 12-month period used for calculating annual ("yearly") financial reports in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting require such reports once per twelve months, but do not require that the twelve months constitute a calendar year (i.e. January to December).
A new company or business has to decide at the beginning on which month its fiscal year will start. In the United States, the business' tax year is the same as its fiscal year, and must file its tax return by the 15th day of the third month following the fiscal year end. That is, if the fiscal year ends on December 31, then the return is due by March 15. The financial results presented to shareholders are therefore a "photograph" of company's accounts at the accounting reference date.
Assessment Year start on the very next day of the Financial Year completes. |
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harihar1977
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financial year means the the cycle of 12 months which one has to follow to do close books of accounts it can be the calendar yea i.e jan-dec or apr-march etc assesement year means the year in which you are laible to file return to income tax authority fro example the finacial year now is jan-dec, or apr-mar etc 2005-06 and assessement year for it is 2006-07 |
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N.J.Reddy.
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Financial year is the year for which year your accounts belongs to. Now running financial year is 2006-2007 (1.4.2006 to 31.3.2007)
Assessment year is the next year to the financial year in which year your accounts has to be filed to the Income Tax department. For financial year 2006-07, the assessment year is 2007-08. |
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Gudsud55
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Financial year is for which you are filing your return, say 2005-06, and Assessment year is in which you file return, i.e, 2006-07 by 31st October 2006. |
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shuhail m
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assesment starts on jan1
another start march 1 |
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