Question
How to fill up each item in the form 1701? Kindly elaborate per part/section of the saif BIR Form. Part I - Background Information Part
How to fill up each item in the form 1701? Kindly elaborate per part/section of the saif BIR Form.
Part I - Background Information
Part II - Total Tax Payable
Part III - Details of Payment
Part IV - Background Information of Spouse
Part V - Computation of Tax
a. Schedule 01 - Gross Compensation Income
b. Schedule 02 - Taxable Compensation Income
c. Schedule 03 - Taxable Business Income
d. Schedule 04 - Ordinary Allowable Itemized Deduction
Part VI - Summary if Income Tax Die
Part VII - Tax Credits/Payments
Part VIII - Tax Relief Availment
Part IX - Reconciliation of Net Income per Books against Taxable Income
BIR FORM 1701 - Annual Income Tax Return For Individuals (including MIXED Income Earner), Estates and Trusts
for reference: https://www.bir.gov.ph/index.php/bir-forms/income-tax-return.html
Step by Step Solution
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Filling up BIR Form 1701 can be a detailed process but Ill provide a brief overview of each partsection For detailed instructions you should refer to ...Get Instant Access to Expert-Tailored Solutions
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