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Individual tax return instructions supplement 2012 - Australian ...

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15 Net income or loss from business4 Did you derive income or incura loss from any non-primaryproduction business?No Go to step 5.Yes Read on.Transfer your net income or loss from a non primaryproduction business shown at Z item P8 on yourBusiness and professional items schedule forindividuals <strong>2012</strong> to C item 15 on your <strong>tax</strong> <strong>return</strong>.If you made a loss, print L in the LOSS box at theright of C.5 Do you show income fromwhich <strong>tax</strong> was withheld at theINCOME items A, B, C, D, E, F, Nor O at P8 on the Business andprofessional items schedule forindividuals <strong>2012</strong>?No You have now finished this item.Go to question 16.Yes Go to step 6.6 Did you have <strong>tax</strong> withheldunder a pay as you go (PAYG)voluntary agreement?No Go to step 7.Yes Read on.Add up all the amounts shown in the Tax withheldboxes on your <strong>Individual</strong> PAYG payment summaryschedule <strong>2012</strong> where you have printed V in theType box.These amounts must correspond with the paymentsshown at E and F item P8 on the Business andprofessional items schedule for individuals <strong>2012</strong>.Write this total at D item 15.7 Did you have <strong>tax</strong> withheldbecause you did not quoteyour <strong>Australian</strong> businessnumber (ABN)?No Go to step 8.Yes Read on.Add up all the amounts on your <strong>Individual</strong> PAYGpayment summary schedule <strong>2012</strong> shown in theTax withheld boxes where you have printed Nin the Type box.These amounts must correspond with the paymentsshown at C and D item P8 on the Business andprofessional items schedule for individuals <strong>2012</strong>.Write this total at W item 15.8 Did you have <strong>tax</strong> withheldbecause your income wassubject to foreign residentwithholding?No Go to step 9.Yes Read on.Add up all the amounts on your <strong>Individual</strong> PAYGpayment summary schedule <strong>2012</strong> shown in theTax withheld boxes where you have printed Fin the Type box.These amounts must correspond with the paymentsshown at A and B item P8 on the Business andprofessional items schedule for individuals <strong>2012</strong>.Write this amount at E item 15.s8 INDIVIDUAL TAX RETURN INSTRUCTIONS SUPPLEMENT <strong>2012</strong>

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