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This worksheet is integrated to the Company Return at Item 7 label QOther income not included in assessable income or Item 7 label XOther Deductible expenses.

To open the worksheet, click the labels in the return or click PreparationSchedule > Other Subtraction Items (sub).

This shows the OTHER SUBTRACTION Items worksheet layout.

OTHER INCOME NOT INCLUDED IN ASSESSABLE INCOME - Label

(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