do i still need to file a tax return if a get a job in December? or do i pay taxes for income earned between april 2007 - april 2008?
2007-07-17 16:14:48 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Taxes for an individual are always for Jan 01 to Dec 31 of any calendar year. Probably if you got a job in December you wouldn't be earning enough income to need to file a tax return for that year, unless you got really big paychecks for that 4 week period.
2007-07-18 02:49:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The tax year for individuals is the calendar year, so in April 2008 you'd be filing for all of 2007.
2007-07-17 16:54:01 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Taxes are paid from Jan 1 through Dec 31 of the year previous. Your employer has until the 1st of February to mail out your income and tax information.
2007-07-17 16:20:14 · answer #3 · answered by jamick71 2 · 1⤊ 0⤋
For FY 07-08 or AY 08-09, you can still file ITR. If there is any tax due than the penalty is 1% per month since 31.03.2008. If tax liability is nil then there is no penalty.If ITR is filed after 31.03.2009 then there could be an additional penalty of Rs. 5000/-.
2016-05-21 14:27:48 · answer #4 · answered by ? 3 · 0⤊ 0⤋
WHATEVER YEAR YOU ARE IN SAY THIS IS 2007, YOU PAY FOR THE YEAR BEFORE THAT. jANUARY THROUGH DECEMBER. APRIL IS JSUT THE DEADLINE. MAKE SURE TO GET YOUR DEDUCTIONS CORRECT.
2007-07-17 16:22:12 · answer #5 · answered by mariaaa 2 · 0⤊ 0⤋