income tax deductions for 2008

income tax deductions for 2008

Who must file income tax?

Each individual must file the return of his income tax if your total income before allowing the deduction under Chapter VI-A ie (if your total gross income in the return form) exceeds the maximum amount is not subject to income tax.
The amount of total gross income not subject to tax on income is:
a) women (under 65): Rs 1,45,000
b) Any other person (Under 65 years): Rs 1,10,000
c) Any person (65 years or older): Rs 1,95,000
For example, a man, any more than the annual income above Rs 1.1 lakh should submit the declaration, but it can claim the entire Rs 1.1 lakh deduction.
Everyone must be considered 65 or more should have reached 65 years later than March 31, 2008.

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Lost receipts for tax deductible - UK - 2008/09 statement of income?

I'm about to file my tax return but have lost some receipts for repairs (material paid in cash). Am I still able to include these deductions? Thanks in advance for your answers!

Any claim for expenses must be supported by income, although I understand that there is no immunity for things like parking meters (but always fill out a petty cash the records).

Tips & Advice for Income Tax Deductions : Having Landlord Income Tax Deductions

 

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