This is the Individual Tax Return 2018 for Miss Garima Singh with details of income, deductions, losses, investments, tax offsets, and more. The document also includes a taxpayer's declaration and tax agent's declaration.
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Page 1 of 3Individual Tax Return 2018Miss Garima SinghTFN: Income Occupation codeX Your main salary and wage occupation Salary or wages1 611211Insuranceagentorsalesperson PayerAllowancesLump ALump BTax WithheldGross GarimaSinghABN: 91 089 780 218RESC:15000 32,032.00105,000 $boxes.Add up theTotal tax withheld32,032.00 Dividends11 withheld from dividendsVUFranking credit Franked amount Unfranked amountS T Tax file number amounts UnfrankedFrankedFranking creditTFN amountBusiness?27.5% 0.00739 0 1,725 0.001,725.00739.28Fullyfranked LOSS / Only used by taxpayers completing the supplementary sectionITransfer the amount from TOTAL SUPPLEMENT INCOME OR LOSS25,796 LOSS /Add up the income amounts and deduct any loss amount in theboxes.TOTAL INCOME OR LOSS133,260 Deductions D1A CLAIM /Work related car expensesS3,300 OwnCarused-CentMethod3,300 S D5EOther work related expenses2,004 Telephone576 Travelallowance1,428 D10NCost of managing tax affairs L M Interest charged by the ATO Litigation costs Other expenses incurred in managing your tax affairs 0 0 245 ATO interestLitigationOther TAXFILING245 DTransfer the amount from TOTAL SUPPLEMENT DEDUCTIONS Only used by taxpayers completing the supplementary section7,028 boxesadd up thetoD1ItemsTOTAL DEDUCTIONSD12,577 LOSS /TOTAL DEDUCTIONSlessTOTAL INCOME OR LOSSSUBTOTAL120,683 forward from earlier income years forward from earlier income years R Q Non-primary production losses carried Primary production losses carried claimed this income year claimed this income year Tax losses of earlier income years Z F Non-primary production losses Primary production losses Losses L1 previous PP && NPP "gross" amounts "Reduction" amount to reduce the from amount at SUBTOTAL item L1andZFLOSS /$ Subtract amounts at TAXABLE INCOME OR LOSS120,683 U—add up theboxesItems T2 andTOTAL TAX OFFSETST0 Sensitive (when completed)
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Page 2 of 3Individual Tax Return 2018Miss Garima SinghTFN: Medicare levy surcharge (MLS) (including your spouse) - if you had any - covered by private patient HOSPITAL cover? liable for surcharge Number of days NOTA for no.Nor for yesYPrint E If you do not complete this item you may be charged the full Medicare levy surcharge. THIS ITEM IS COMPULSORY M2 For the whole period 1 July 2017 to 30 June 2018, were you and all your dependants 0 N (for ATO validation only) Total reportable fringe benefits amounts Employers not exempt from FBT under section 57A of the FBTAA 1986 Employers exempt from FBT under section 57A of the FBTAA 1986 W If the amount is zero, write 0. TReportable employer superannuation contributionsIT2 If you had a spouse during 2017-18 you must also complete Spouse details – married or de facto on page 7. You must complete this section. Income tests N Total reportable fringe benefits amountsIT1 0 0 15,000 0 XNet financial investment lossIT50 YNet rental property lossIT6 Net rent - Item 21 Less: Deduction - Item D6 Net rent from partnerships - Item 13 TOTAL (transfers to Label Y - LOSS amounts only) Total foreign rental income or loss - Items 20R, 24Y less D15J Net rent from partnerships/sole trader activities - Item 16 Net rent - Item 15 1,943 0 0 0 0 L1,943 0 0 Non-resident foreign income / (For ATO validation only) / Estimated eligible income Estimated total income Adjusted taxable income137,626 120,000 148,260 Xwithholding amounts Credit for foreign resident capital gains / CODE exemption or rollover?MHave you applied anfrom a trust. tax event during the year? A V H G Net capital gain had an amount of a capital gain You must print Y at G if you Total current year capital gains to later income years Net capital losses carried forward Did you have a capital gainsfor no.Nor for yesYPrintCapital gains18 25,79625,796 Y K BW Iin a controlled foreign company (CFC)? Did you have either a direct or indirect interest trust income Transferor services to a non-resident trust estate? the transfer of property—including money—or , either directly or indirectly, causedeverHave you for no.Norfor yesYPrint CFC income for no.Norfor yesYPrint Foreign entities19 N N P a total value of AUD$50,000 or more? assets located outside Australia which had During the year did you own, or have an interest in, for no.Nor for yesYPrint Foreign source income and foreign assets or property20 N Sensitive (when completed)
Page 3 of 3Individual Tax Return 2018Miss Garima SinghTFN: boxes for income amounts and deduct LOSS Transfer this amount to / any loss amounts in theboxes Items 13 to 24 - add up the on page 3 INCOME OR LOSS TOTAL SUPPLEMENT I 25,796 Other deductions—not claimable at items D1 to D14ED15Election expenses Description of claim OtherForeign rentalInvestments JOther deductions 7,028 7,028OTHERSUPPLEMENTDEDUCTION boxes and transfer this amount to—add up theD15toD11Items TOTAL SUPPLEMENT DEDUCTIONS D7,028 Tax offset carried forward from previous year Current year tax offset M KEarly stage venture capital limited partnershipT8 OTax offset carried forward from previous year Current year tax offsetLEarly stage investorT9 Transfer this amount to - add up theboxesItems T3, T4, T6, T7, T8, T9, T10 and T11 TAX OFFSETS TOTAL SUPPLEMENT T Position held standard review period is two years but for some taxpayers it is four years. your tax return, and issue an amended assessment if a review shows inaccuracies that change the assessment. The The ATO will issue your assessment based on your tax return. However, the ATO has some time to review in our records. It is not an offence not to provide your TFN. However if you do not provide your TFN, your assessment may be delayed. go to ato.gov.au/privacy Taxation law authorises the ATO to collect information and to disclose it to other government agencies. For information about your privacy Privacy: The ATO is authorised by the Taxation Administration Act 1953 to request your tax file number (TFN). We will use your TFN to identify you Taxpayer's •I authorise my registered tax agent to lodge this tax return. YearMonthDay DateSignature The tax law imposes heavy penalties for giving false or misleading information.Important: I, •the information provided to my registered tax agent for the preparation of this tax return is true and correct, and I declare that: professional items section and other schedules if applicable. Read and sign the declaration after completing your tax return, including the Supplementary section, Business and Taxpayer’s declaration YearDayMonth Telephone numberArea code DateClient’s referenceAgent’s signature Agent’s reference number Agent’s telephone number Contact name and that the taxpayer has authorised me to lodge the tax return. that the taxpayer has given me a declaration stating that the information provided to me is true and correct declare that this tax return has been prepared in accordance with information supplied by the taxpayer, Tax agent’s declaration 00013000 HANDISOFTSOFTWARETESTER SING0001 Sensitive (when completed)