Business
OVERVIEW
Statutory business sheet represents business details and Calculation of statutory business income. This sheet needs to be inserted in the computation.
COMPLETING THE SHEETS
Business – trade or property
Complete the mandatory cells Business description and Business code. It is possible to choose a 5-digit code from the wide selection of business codes grouped by the business categories.
For the business type, choose a relevant option in the dropdown, such as Normal, OHQ, Pioneer or Property. When you choose a type the appropriate sheets became available to you. The
Business – trade or property
sheet calculates taxable statutory income.Once you have the
Business
sheet present in your computation, you can insert Provisions
and Incentives
sheets as required.You can insert as many
Business
sheets as you want. However, only five will be reported to e-filing. Additional businesses are summed up in one line.