Deferred income / Advanced Receipts
Overview
Use this sheet to collate deferred income and advanced receipts information to calculate taxable and non-taxable income in current year.
Completing the Sheets
This is a unique sheet. You can enter or select details about business, such as balances and income amounts. Taxable income, non-taxable income, and total refund of capitalised amount are calculated based on the amount entered and linked to the relevant Statutory business income and Rental income sheet.