This worksheet is integrated to the Company Return at Item 7 label Q—Other income not included in assessable income or Item 7 label X—Other Deductible expenses.
To open the worksheet, click the labels in the return or click Preparation > Schedule > Other Subtraction Items (sub).
This shows the OTHER SUBTRACTION Items worksheet layout.
|
OTHER INCOME NOT INCLUDED IN ASSESSABLE INCOME - Label Q (Income not shown in the accounts that is not assessable) |
|
|
Description |
Amount |
|---|---|
|
Adjustments to income derived |
|
|
Decrease in interest
|
E172 |
|
Decrease in dividends
|
E173 |
|
Decrease in trust distribution
|
E167 |
|
Year end sales cut off adjustment
|
E174 |
|
Extraordinary profits per accounts
|
E177 |
|
Foreign exchange accounting profits
|
E180 |
|
Foreign source income in accounts that is not assessable income
|
E182 |
|
Grants receivable
|
E183 |
|
PSI included in the assessable income of an individual (attributed income) |
E151 |
|
Profit on sale of depreciating assets included in the accounts
|
E142 |
|
Profit on sale of other assets included in the accounts (including assets used for R&D) |
E143 |
|
Unrealised gains on revaluation of assets to fair value
|
E144 |
|
Other income amounts in accounts that is not assessable income
|
E149 |
|
Other assessable income not included in accounts |
|
|
E185 |
E148
|
|
[Ctrl+Insert] to add lines to record the description and amounts E390
|
E340 |
|
Total other income not included in assessable income: $
|
E179 |
|
OTHER DEDUCTIBLE EXPENSES - Label X (deductible amounts not shown as expenses in the accounts) |
|
|
Allowable superannuation fund payments |
E137 |
|
Capital expenditure for the establishment of trees in carbon sink forests |
E171 |
|
Deductible balancing adjustment amounts on depreciating assets (excluding R&D assets subject to an R&D incentive tax offset) |
E152 |
|
Deduction for certain capital expenditure incurred to terminate a lease or licence |
E175 |
|
Foreign exchange taxable losses
|
E181 |
|
Interest charge |
E150 |
|
Hire purchase agreements - interest component
|
E153 |
|
Luxury car leases - accrual amount
|
E154 |
|
Mains electricity connection to land used in carrying on a business
|
E155 |
|
Net adjustment to expenses claimed - Increase in consumable stores
|
E139 |
|
Net decrease in provisions
|
E140 |
|
Net decrease in trading stock valuation for tax purposes
|
E141 |
|
Part of pre-paid expenses deductible this year, but not included at any other label |
E138 |
|
Tax deductible borrowing costs
|
E145 |
|
Telephone line connection to land used for primary production
|
E146 |
|
Other deductible items
|
E176 |
|
Other |
|
|
E184 |
E147 |
|
[Ctrl+Insert] to add lines to record the description and amounts E390
|
E340 |
|
Total other deductible expenses: $ |
E170 |