tax return

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Tax Return

A document that individuals and some corporations must file with the tax collection agency each year. The tax return calculates income, deductions, and credits, and ultimately determines how much tax the filer owes for the year. In the United States, Form 1040 is the basic tax return form. See also: 1040EZ.

tax return

a form which must be completed by all taxpayers and potential taxpayers for the INLAND REVENUE, giving details of their INCOME and CAPITAL GAINS and any allowances and reliefs to be set against this income.

tax return

a form that must be completed by all taxpayers and potential taxpayers for the INLAND REVENUE, giving details of their INCOME and CAPITAL GAINS and any allowances and reliefs to be set against this income.
References in periodicals archive ?
The NTBT reminded that to avoid a delinquent reporting surcharge, The enterprises who have not yet filed their income tax returns should file their profit-seeking enterprise income tax returns at their earliest convenience through the eTax Portal, Ministry of Finance ?website?
This application will help taxpayers to prepare Income tax return and wealth statement without using internet which will overcome and resolve the issue of connectivity they face locally and during the peak hours.
Total income tax return filers stood at 1.238 million as of February 15 of the current tax year 2017 compared to 1.391 million in 2016.
Tax return preparers who prepare more than 200 original New York personal income tax returns and prepare one or more original returns using tax software during calendar year 2005 must file all authorized returns electronically for 2006.
1971, the National Employee Savings and Trust Equity Guarantee (NESTEG) bill, which would amend section 6062 of the Internal Revenue Code to require that the income tax return of a corporation be signed by its chief executive officer.
According to sources, out of 52 junior officials of the Commerce Division, only 17 were regularly filing their income tax returns.Earlier in December, the prime minister had ordered all secretaries of the respective ministries/divisions to issue directions to all officers working in different ministries/divisions to ensure that every person who was earning taxable income must file his/her income tax return.
Income Tax Return for Estates and Trusts, and Form 1065, U.S.
The IRS has authorized income tax return preparers [as defined in Regs.
If Congress determines that the integrity of corporate income tax returns warrants an expanded scope and higher level of internal scrutiny than is currently required, TEI suggests requiring a company's independent audit committee to annually authorize the chief tax officer to sign the corporate income tax return.
Although the partnership files an income tax return annually, it does not pay any tax on its income.
Earlier in the month, the Apex Court pronounced its order on mandatory requirements of Aadhar card for Income Tax Return (ITR).
In order to make the Income Tax Return filing experience even more convenient, the Income Tax Department has started two more taxpayer friendly initiatives Register for Home Visit and Online Tax Help .