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Filing of Income Tax

The dreaded time of the year is upon all those who earn greater than $22,000 again. The time has come for the annual income tax filing.

This year, it will be a bit more tricky for me to file my returns. My previous employer was auto included in IRAS so I did not have to file any returns except when claiming for reliefs.

This year, I am on a self-employed status. Thus, I need to fill in my income that I have obtained from various trading activity, tuition (which I just started), etc. This gives me a big headache and I hope to settle the filing of my income tax soon.

Is filing income tax a big headache for you? What kind of problems do you face?
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4 comments:

  1. RoystonMarch 24, 2010 at 5:19 PM

    Hi there,

    I'm compiling a list of Singapore Investment Bloggers...

    http://sginvestbloggers.blogspot.com/

    Have included your site in the list, appreciate if you can also do a link to the site.

    Cheers
    Royston

    ReplyDelete
  2. dreamMarch 24, 2010 at 5:44 PM

    do you have to file income tax for the profits you generate from trading?

    ReplyDelete
  3. CreateWealth8888March 24, 2010 at 9:58 PM

    why u file yr trading income from stocks?

    ReplyDelete
  4. financialfreedomMarch 24, 2010 at 10:06 PM

    Hi Royston,

    Thanks. Do look at my link exchange policy under FAQ for more info and inform me if you fit the criteria. Many thanks for linking to me.

    Hi Dream and CW8888,
    I mean like income from trading activities, business activities, etc and not trading stocks. Hope that clarifies.

    ReplyDelete