Item 24 Other Income Lump sum payments in arrears
Lump sum payments in arrears; do not include lump sum payments in arrears relating to superannuation income streams.
There is no code O for ''Lump sum payments in arrears' at item 24 category 1.
HandiTax will source the information from the various fields below, then automatically transfer to item 24.
EXAMPLE:
Main form I - INCDTLS326 'Salary or wages lump sum in arrears’
Foreign Employment PAYG summaries - INCDTLS177 'Foreign employment income lump in arrears'
Foreign Income Worksheet - INCDTLS213 'Foreign pension or annuity lump sum in arrears’
These 3 different fields from the INCDTLS that make up the 'Lump sum payments in arrears' total for item 24 Category 1. In HandiTax we handle this appropriately and transfer the amounts to Item 24 Category 1.
E.g. 5,500 + 3,500 + 2,500 + 3,000 = 14,500 (as below) “Transferred amounts”
