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Filing of income tax means submitting your annual income status for that particular year based on which the government will decide whether to levy tax on your income if your income falls under the slab of taxable income after all deductions. So by this you are showing your income status to the government based on which you may claim a loan in future from any bank or institution.

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Q: What do you mean by filing of income tax?
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Related questions

When filing for the federal income tax return do you have to attach schedule a for the state income tax return?

No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.


When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?

No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.


What form do you file when filing for the state income tax return?

When you are filing for the state income tax return, you will fill form 1040.


what form do I use for file state income tax for single ?

what short form do I use for filing state income tax for filing single


What does succeeded agency mean in regards to income tax filing?

The agency(IRS) has received and accepted the return


When must you file your federal income tax?

You can file for federal income tax anytime before April 15th 2011, which is the last date for filing federal tax return. However, If you feel that you need more time for tax filing, then you have the option of tax extension. Tax extension grants you 6 months of extension for tax filing but that does not mean you get an extension on payment of taxes. You have to pay your taxes before April 15th deadline.


What age are you exempt from filing Income Tax?

You are not exempt from filing for Income taxes based on age. You are exempt from filing taxes based on the income you receive. If your income is over a certain amount you must file.


File taxes if no income withheld and have dependents?

Everyone is allowed to file tax. Whether you are required to file tax depends on the source and amount of your total income (not just earnings from your job) and your filing status. The fact that you had no income tax withheld does not necessarily mean you do not have to file tax.


What married couples wishing to file a single tax return choose which filing status when filing a federal income tax return?

Married filing Jointly


where i can find best Income Tax Return Filing Services?

Best Income Tax Return Filing Services in Delhi NCR, Hiring the Best ITR filing services in Delhi for all your financial duties helps to concentrate on your business better. We provide assurance from our certified and professional team, which provides trustworthy service in income tax filing.


What is an income tax schedule and where can you get one?

A tax schedule is just a tax rate table, that lets you see how much you owe in taxes based on your income. There are 4 tax schedules based on filing status - filing singly, head of household, married filing jointly, married filing separately. You can find the schedules on the IRS website.


What is the deadline for filing income tax forms?

April 15