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Business and Professional items (Individual return)

This tab provides all items related to the business and professional income section of the individual income tax return.

Items in this tab:

Item P1 - Personal Services Income
Item P2 - Description of main business or professional activity
Item P3 - Number of business activities
Item P4 - Status of business
Item P5 - Business name of main business and Australian Business Number (ABN)
Item P6 - Business address of main business
Item P8 - Business income and expenses
Item P9 - Business loss activity details
Item P10 - Small business entity simplified depreciation
Item P11 - Temporary full expensing
Item P12 - Backing business investment opt out
Item P13 - Trade debtors
Item P14 - Trade creditors
Item P15 - Total Salary and wage expenses
Item P16 - Payments to associated persons
Item P17 - Intangible depreciating assets first deducted
Item P18 - Other depreciating assets first deducted
Item P19 - Termination value of intangible depreciating assets
Item P20 - Termination value of other depreciating assets
Item P21 - Trading stock election

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