Exempt income
Overview
This section is designed to analyse exempt income. It is present in all calculations.
Completing the Sheets
Exempt income summary
This sheet summarizes all exempt income accounts and produces summary based on the income code. An
Exempt income summary
sheet is automatically present in all computations.Exempt income account
This sheet is designed to list items of exempt income and exempt dividend paid, and tracks the historical balances on a financial year basis. Choose a type of exempt income from the dropdown and insert a title. The sheet name will then change accordingly. Exempt income account sheet needs to be created and can be inserted more than once.
Payment of exempt dividend
The
Payment of exempt dividend
sheet is designed to enter date of dividend payment, type of tax-exempt account and the amount of exempt dividend paid. You can match the exempt income account by selecting the proper position from the dropdown list. This sheet is automatically present in all computations.