Im going overseas in March 08.Am I able to lodge my 07-08 tax return before leaving, or will I need to leave?

Answer 1

This is an Australian answer. If you are leaving Australia permanently or long term so that you'll cease being a resident for tax purposes, you can call the ATO and request to file an early return. Otherwise, you'll just have to do it by October 31 2008 (or in May 2009 if you're with a tax agent) over the net using the ATO website's free tax preparation software - not so hard at all.

Answer 2

For monetary 365 days 2007-08 or assessment 365 days 2008-09 the final date replaced into thirty first July 2008. you likely can record ITR earlier 31.03.2009. If tax legal duty is nil than penalty is likewise nil. The penalty is as follows: united states139 in the adventure that your total earnings in appreciate of which you're assessable decrease than this Act in the process the previous 365 days exceeded the optimum quantity which isn't chargeable to earnings-tax ( i.e. Rs a million,10,000/-) then you certainly could grant a return of your earnings in the process the previous 365 days, contained in the prescribed variety on or earlier the due date united states234A- the place the return of earnings is provided after the due date, or isn't provided, the assessee would be in probability of pay common pastime on the value of a million % for each month or area of a month on the quantity of the tax due as according to the return united states271F- If a individual who's had to grant a return of his earnings, as required decrease than sub-area (a million) of area 139 or via the provisos to that sub-area, fails to grant such return earlier the tip of the appropriate assessment 365 days, the Assessing Officer could direct that such individual shall pay, via way of penalty, a sum of Rs. 5000/

Answer 3

You should have any forms you need by early February, so should have time to get your tax return filed before you leave in March.

Answer 4

you can get an extension and file when you get back... if the IRS owes you money then file before you go...