From 1 July 2019, ATO have introduced a new Deductions schedule (DDCTNS) attached to an Individual tax return. If you're a claiming deductions in a 2019 individual tax return, you'll need to enter the details of the deduction as a line entry (granular) in this new DDCTNS schedule. This is a mandatory schedule for 2019 Individual tax return where you're claiming a deduction. Changes in MYOB TaxIn MYOB Tax we've created new Deduction schedule(DDCTNS) within a 2019 Individual tax return. Data entry for any Deduction label in an 2019 individual tax return is only via the new DDCTNS schedule. Accessing the new DDCTNS scheduleYou can access this like any other schedule from Preparation > Schedule > Deductions schedule (DDCTNS) Using the DDCTNS scheduleIf you're claiming a deduction in any of the labels below, you'll need to complete a DDCTNS schedule. - D1 Work Related Car Deductions
- D2 Work Related Travel Expenses
- D3 Work Related Clothing, Laundry and Dry Cleaning Expenses
- D4 Work Related Self Education Expenses
- D5 Other Work-Related Expenses
- D6 Low Value Pool Deduction
- D7 Interest Deduction
- D8 Dividend Deductions
- D9 Gifts or Donations
- D10 Cost of Managing Tax Affairs
- D12 Personal Superannuation Contributions
- D13 Deduction for Project Pool
- D14 Forestry managed investment scheme deduction
- D15 Other Deductions
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| D11 Deductible Amount of Undeducted Purchase Price of a Foreign Pension or Annuity is not part of the deductions schedule. will be good to know why. |
Data entryEntering data in the DDCTNS scheduleYou'll no longer be able to enter data via the Deduction labels. All the information must be entered - using the DDCTNS schedule or
- supporting worksheets like motor vehicle worksheet(mve) or depreciation worksheets
Each of these schedules are integrated to the new DDCTNS schedule to help you report it to the ATO. You can see additional repeating fields in the schedule to record the individual descriptions and amounts. Number of records or repeatable groups in each deduction labelThere is a limit on the maximum allowable records for each deduction label. Deduction item | What you did in 2018 | What you'll do in 2019 | Maximum number of records |
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D1 - Work related car expenses UI Text Box |
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| For more than 10 deduction items, enter the first 9 items and consolidate the additional items and their values into one item. |
| | | 10 | D2 - Work related travel expenses | | | 20 | D3 - Work related uniform, occupation specific or protective clothing, laundry and dry clenaing | | | 20 | D4 - Work related self-education expenses | | | 20 | D5 - Other work related expenses | | | 50 | D6 - Low value pool deductions | | | Not a repeatable group | D7 - Interest deductions | | | 20 | D8 - Dividend deductions | | | 20 | D9 - Gift and donations | | | 20 | D10 - Cost of managing tax affairs | | | 20 | D12 - Personal superannuation contributions | | | 25 | D13 - Deductions for project pool | | | 20 | D14 - Forestry managed investment scheme deduction | | | 20 | D15 - Other deductions | | | 100 |
Rolling over deductions from 2018 to 2019Since the DDCTNS schedule will be lodged to the ATO the existing deductions schedule in We've made structural changes to the software and replaced some of the worksheets and dissection grids. This is done to fit in the new DDCTNS schedule. Hence, the existing deductions schedule from 2018 will not rollover into 2019. This will avoid creating an entry in DDCTNS schedule with description but no amounts and lodged incorrectly to the ATO. Tax office copy PDFThere is no Tax office copy pdf of the DDCTNS schedule. |