Standard Profit And Loss Statement Form
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These include: • Equal annual deductions over 10 years under section 75A of the ITAA 1936 for expenditure before 23 August 1983 on such items as: – clearing and preparation of land for agriculture and farming – drainage of swamps – soil conservation measures – flood mitigation measures • Water storage and reticulation expenditure (section 75B ITAA 1936) • Fences for disease control (section 75C ITAA 1936) • Prevention of land degradation (section 75D ITAA 1936) • A deduction from taxable income under section 36AAA of the ITAA 1936.. tools, office equipment) – each item purchased for less than 300 (or up to the amount allowed as a concession if using the Small business entity concessions) Other (Give details – attach a separate list if needed) Sub-total 14 Total of all expenses (B) plus (C) 15 Net income (A) less (D) SU580.1404 PROFIT OR LOSS 4 of 5 0 (B) 0 (C) (D) 16 IMPORTANT INFORMATION Privacy and your personal information Your personal information is protected by law, including the Privacy Act 1988, and is collected by the Australian Government Department of Human Services for the assessment and administration of payments and services..
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