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Individual Tax Return 2018

Case study requiring the preparation of workpapers, calculation of taxable income and income tax payable, preparation of an individual tax return, and a letter of advice.

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Added on  2023-04-21

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This document is an individual tax return form for the year 2018. It includes sections for personal information, income details, deductions, and other relevant information. The form is designed to help individuals accurately file their tax returns for the specified year.

Individual Tax Return 2018

Case study requiring the preparation of workpapers, calculation of taxable income and income tax payable, preparation of an individual tax return, and a letter of advice.

   Added on 2023-04-21

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Mr Salil Shukla TFN: 123 456 782
Important: The tax law imposes heavy penalties for giving false or misleading information.
· the agent is authorised to lodge this tax return.
· the information provided to my registered tax agent for the preparation of this tax return, including any applicable schedules is true and correct, and
Declaration
the payment of your taxation liability from your nominated account.
Where you have requested an EFT direct debit some of your details will be provided to your financial institution and the Tax Office's sponsor bank to facilitate
Electronic funds transfer - direct debit
Taxation law authorises the ATO to collect information and to disclose it to other government agencies. For information about your privacy go to ato.gov.au/privacy
not an offence not to provide your TFN. However, you cannot lodge your income tax form electronically if you do not quote your TFN.
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 in our records. It is
Privacy
This declaration is to be completed where a taxpayer elects to use an approved ATO electronic channel. It is the responsibility of the
taxpayer to retain this declaration for a period of five years after the declaration is made, penalties may apply for failure to do so.
PART A
Date
I declare that:
YearTax file number
Name
Signature
Electronic Lodgment Declaration (Form I)
123 456 782 2018
Mr Salil Shukla
Sensitive (when completed) Client Ref: SHUK0001
Agent : 00013-000
Individual Tax Return 2018_1
Page 1 of 11
2018
declaration on page 15 of this return.
See the Privacy note in the Taxpayer's
Given names
Surname or family name
Mr, Mrs, Ms, Miss
Title - for example,Your name
Y for yesPrintYour tax file number (TFN)
for no.Nor
for yesYPrintHave you included any attachments?
for no.Nor
Are you an Australian resident?
1 July 2017 to 30 June 2018
Individual tax return
Salil
Shukla
Mr
123 456 782
N
Y
or phone 13 28 61
To find out how to update your name on our records, go to ato.gov.au/updatedetails
for no.Nor
for yesYPrint
your last tax return?
changed since completing
Has any part of your name
N
Print
for no.Nor
for yesY
your last tax return?
changed since completing
Has your postal address
Your postal address
ABOVE.
postal address, print AS
If the same as your current
Your home address
- to conduct research and marketing.
- to issue notices to you, or
- to correspond with you with regards to your taxation and superannuation affairs
- to advise you of tax return lodgment options
Your contact details may be used by the ATO:
Your email address
Your mobile phone number
number above )
(if different from your mobile phone numbercode
Your daytime phone number PhoneArea
tax return, print FINAL.
item A1 on page 5 of this tax return.
If you know this is your finalIf you were under 18 years of age on
Final tax returnYour date of birth
30 June 2018 you must complete
N
18/05/1977
and account name below.
Write the BSB number, account number
number
such as cheque, savings, mortgage offset)
you have provided them to us before.
(must be six digits)
Use Agent Trust Account?
Account name (for example, JQ Citizen. Do not show the account type,
AccountBSB number
to pay any refund owing to you, even if
Electronic funds transfer (EFT)
We need your financial institution details
Sensitive (when completed)
Individual Tax Return 2018_2
Page 2 of 11Individual Tax Return 2018 Mr Salil Shukla TFN: 123 456 782
Income
Occupation code X
Your main salary and wage occupation
Salary or wages1
Director
Payer Allowances Lump A Lump B Tax Withheld Gross
Salil Shukla ABN: 84 111 122 223 RFBA:1056 RESC:12000
42,232.00 140,000
KAllowances, earnings, tips, director’s fees etc.2 1,056
Mobile Phone 1,056
$boxes.Add up theTotal tax withheld 42,232.00
Dividends11
withheld from dividends V UFranking credit
Franked amount
Unfranked amount S
T
Tax file number amounts
Unfranked Franked Franking credit TFN amount Business?27.5%
0.00 853
0
1,991
Y N693.00 297.00CBA
Y 910.00 390.00COH
Y 280.00 120.00FLT
Y 108.50 46.50TLS
LOSS
/
Only used by taxpayers completing the supplementary sectionI Transfer the amount from TOTAL SUPPLEMENT INCOME OR LOSS 13,524
LOSS
/Add up the income amounts and deduct any loss amount in the boxes.TOTAL INCOME OR LOSS 157,424
Deductions
D1 A
CLAIM
/Work related car expenses B11,248
D3
clothing, laundry and dry cleaning expenses C
CLAIM
/
Work related uniform, occupation specific or protective 650 S
Dry Cleaning of works suits 650 S
JD9 Gifts or donations 2,400
Cancer Council of Australia 1,200
Sea Shepherd 1,200
D Transfer the amount from TOTAL SUPPLEMENT DEDUCTIONS
Only used by taxpayers completing the supplementary section 16,010
boxesadd up thetoD1ItemsTOTAL DEDUCTIONS D 30,308
LOSS
/TOTAL DEDUCTIONSlessTOTAL INCOME OR LOSSSUBTOTAL 127,116
from amount at SUBTOTAL
item L1and ZF LOSS
/$
Subtract amounts at
TAXABLE INCOME OR LOSS 127,116
U-add up the boxesItems T2 andTOTAL TAX OFFSETS T 0
Medicare levy surcharge (MLS)
(including your spouse) - if you had any - covered by private patient HOSPITAL cover?
liable for surcharge
Number of days NOT A
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
365
Y
Sensitive (when completed)
Individual Tax Return 2018_3
Page 3 of 11Individual Tax Return 2018 Mr Salil Shukla TFN: 123 456 782
Private health insurance policy details
You must read Private health insurance policy details in the tax return instructions before completing this item.
Fill all the labels below unless directed in the instructions.
tax return instructions.
Tax claim code. Read the
rebate received
Your Australian Government
Benefit code
Australian Government rebate
Your premiums eligible for
L
J
insurer ID number
K
MembershipHealth
CODE
B C
30
83860
BUP 132717
A
(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
1,056
1,056
12,000
0
XNet financial investment lossIT5 0
YNet rental property lossIT6 0
Non-resident foreign income
/
(For ATO validation only)
/
Estimated eligible income
Estimated total income
Adjusted taxable income 151,116
153,056
186,780
Indeterminate
30 June 2018.
No YesDid your spouse die during the year?
YesNo- 1 July 2017 to 30 June 2018?
Did you have a spouse for the full year
If you had more than one spouse during 2017-18 print the name of your spouse on 30 June 2018 or your last spouse.
Your spouse's name
If you did not have a spouse, go to page 8.
Your spouse's gender
Period you had a spouse - married or de facto
K
FemaleMale
date of birth
Your spouse's YearMonthDay
Other given names
Surname or family name
First given name
We need the information included in this section to assess your tax accurately.
If you had a spouse during 2017-18, you must complete Spouse details - married or de facto.
Use related ref details?
From
to
N
spouse between 1 July 2017 and
full year, write the dates you had a
MIf you did not have a spouse for the
L
Spouse details-married or de facto
X
X
X
21/11/1980
Jane
Shukla
Y
Sensitive (when completed)
Individual Tax Return 2018_4

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