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HandiTax - SBR error IITR.601024

Updated over 3 weeks ago

IITR.601024: Deductions claimed amount combined with Gifts or donations amount is invalid.
When the 'Taxable income or loss' amount, excluding the 'Primary production losses claimed this income year' and 'Non-primary production losses claimed this income year' amounts, results in a loss, the sum of amounts 'Superannuation deduction claimed' and 'Gifts or donations' must not be a positive amount. To determine the amount of allowable 'Superannuation deduction claimed' and 'Gifts or donations', subtract all deduction item amounts from 'Individual total income or loss amount', except 'Superannuation deduction claimed', 'Gifts or donations', 'Primary production losses claimed this income year', and 'Non-primary production losses claimed this income year' and: a) if this result is zero or negative then set both 'Superannuation deduction claimed' and 'Gifts or donations' amounts to zero; or b) if this result is positive and higher than the sum of 'Deduction claimed' and 'Gifts or donations', then allow both amounts in full; or c) if this result is positive and lower than, or the same as, the sum of 'Superannuation deduction claimed' and 'Gifts or donations', then only the amount that reduces 'Taxable income or loss' to zero is allowed (i.e. disallow remainder of 'Superannuation deduction claimed' and 'Gifts or donations' that would create a loss).

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When the 'Taxable income or loss' amount results in a loss, the sum of amounts 'Superannuation deduction claimed' (D12) and 'Gifts or donations' (D9) must not be a positive amount.
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Please review these items to resolve the error.

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