[GNC] tax report for india
Hello Adrien, Thanks for your reply. Much appreciate. I was running the transaction report, without selecting child account (I assumed that by selecting “Income” account all children accounts would be selected automatically, but that was not the case). I selected all the children accounts (there is a separate Tab for the same in Transaction report) and I could generate the report, which is close to what I had expected. I also tried to run the Account Summary report, which was cleaner and concise, (though I had to select individual “Taxable Income” separately), but it could not generate the Grand Total. Yes, I am aware that I can filter based on the note/description text to generate the tax report, as you kindly highlighted. But I always fear, if I may miss tagging a particular transaction as Taxable while posting, and eventually it may lead to an error in figures I get. So I chose little foolproof way, though I have to make few extra entries, but it is OK for me! Thanks again for your suggestion and wish, one day we will see a tax report for India too !! With my best regards Paras ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Tax report for India
It sounds like you created an account structure to separate taxable transactions, 'artificially'. (that is, you might have taxable and non-taxable version of the same account) In that case, you don't run the Tax Report at all. (yes, it is only for USD) Run a Transaction Report for those 'taxable' accounts. If you are still not quite getting what you need from there, let us know as that report is quite powerful and flexible. *note, in this case, it should also be possible to not need the use of distinct taxable accounts just for reporting purposes. You can include (say in the Notes field or Memo fields) your own 'tag' such as "taxable", "#taxable", or "@taxable" and the Transaction Report can filter for transactions based on that text. Use any text label for the tag you like, with or without a delimiter. (your filter for the report will simply work on whatever matching text you provide) There is also a 'tag' based Transaction Report a user has created, and while I haven't tried it, the built-in facilities should do what you need. Regards, Adrien On 10/11/23 11:27 AM, Paras Desai wrote: Hello friends I was trying to find work around for getting summary of taxable income at the end if financial year end. I tried following 1. I put In discerption field as "TAX" while creating different income accounts for incomes which are taxable (like salary, capital gain, interest, annuity etc) 2. So practically, while posting income, I seperate them out as taxable and non taxable 3. I also selected "Tax" in tax report for such accounts though it is for USA, but just to identify such income as taxable 4. When I run tax report all report generated with INR value in peranrhesis as part of text, and income as 0, because it took currency as USD. 5. I tried to run account summary / transaction report with filter word as Tax, but could not generate desired report. Is there any good and efficient way to achieve my above mentioned objective? ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] Tax report for India
Hello friends I was trying to find work around for getting summary of taxable income at the end if financial year end. I tried following 1. I put In discerption field as "TAX" while creating different income accounts for incomes which are taxable (like salary, capital gain, interest, annuity etc) 2. So practically, while posting income, I seperate them out as taxable and non taxable 3. I also selected "Tax" in tax report for such accounts though it is for USA, but just to identify such income as taxable 4. When I run tax report all report generated with INR value in peranrhesis as part of text, and income as 0, because it took currency as USD. 5. I tried to run account summary / transaction report with filter word as Tax, but could not generate desired report. Is there any good and efficient way to achieve my above mentioned objective? Thank you in advance for your kind attention With best regards Paras ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
