Taxes Questions and Answers

Is this amount of rebate due?

Hi - asked about this a couple of weeks ago and fengirl expecially be very obliging.thanks! The problem be my husband allowed to claim car mileage to a temp place of work. All sorts of problems arose but as luck would have it seem not to be ironed out. He have not claimed since around 2000. No cheque has be received as yet but yesterday we received a memorandum from IR with a separate Tax Caluculation (P800T) for respectively of the tax years claimed and at the bottom of the 2nd page it say Repayment Due and each one shows an amount.
Now I know that seem perfectly clear but if I make a payment up the amounts of the P800T forms I have, it comes to a really considerable amount, much, much more than I thought due (I lately went next to what I had be told verbally about the tax nouns that could be claimed on mileage) . We don't want to phone the IR as they would really think we be thick if we hold got it wrong. Help would be appreciated, especailly from Fengirl. Didn't close to to use your personal email address


Answers: Well done in getting this claim passed!
If he have claimed for 6 years, then the reimbursement might well be reasonably a lot - and interest will be salaried to him as well!
If you want to use my private e e-mail to give me the details of the computations, I can donate a view as to whether they come across right.
Your actual cheque should take a couple of weeks.
Usually when repayment is made for multiple years, the cumulative total of previous years is carried over to the subsequent computation. Thus you won't get adjectives the added up total of forms P800T. If you check the computation towards the end, I regard you will find it includes a total brought forward for previous years, and your repayment will be the amount shown on the latest P800T

If i am seperated, what status do i file my taxes?




Answers: It depends. If you and your spouse are civil, it is probably best to file jointly as married. If you are concerned about how the refund will be split, you can designate up to three accounts to deposit it to using Form 8888. If you were the sole head of household for over 6 months, you may be able to file as head of household and your spouse as married filing separately or both of you may have to file as married filing separately.
Too little info to know for sure.

IF you and your spouse did not live together AT ALL the last 6 months of the year, and you have children, you may be able to file Head of Household.

IF NOT, then you have two other choices:
Married filing Separate - you are each responsible for your own taxes. However, some items are not available to you.

Married filing Joint - you are both liable for any errors on the return which might later result in the IRS assessing additional tax, penalties and interest. I advise all who consider doing this to think long and hard about this, and especially so if the spouse is self-employed or might have taken a distribution from a 401K.

Good Luck!
http://www.TaxEfilers.com

Why are railway budget and financial budget announced separately?




Answers: because railway budget is important one than other deptt thats why its announced separately.
It is the practise ...
Railway is the biggest dept. of Govt.of India and employs the largest of employees.
Indian railways employs more than 20lakh employees in it and hence seperate budget is announced.
Railway Budget is prepared & managed by Railway Ministry while the Finance Budget is prepared by Finance Ministry and are therefore presented by respective Ministers. Tradinitionally Union Budget (Financial Budget) is presented on 28th Feb at appointed time.
Our parliment is following the system formulated by British India. The Railway is the only biggest commercial organisation of that time. Other Govt.depts doesn't attract so much investment on recurring basis as railways. So the administration thought it fit to have seperate budget presentaion before parliment.

The entirety of this site is protected by copyright © 2008. All rights reserved. RunEye.com