New Zealand Tax Return IR10

manybabes · #1 Feb 20, 2007, 02:33 PM

Hi
This is a question that I have regarding question number 30 on the New Zealand Inland Revenue form IR10.

Original Question on form : Current Assets, Accounts Recievable.
IRD explaination on form: Enter Gross amount, before any non-deductable items such as provision for account recievable !!!

This is in regards to a small money lending company.

MY QUESTION

Does the figure required in this question include the initial loan amount? OR
Is the amount only to show the profit which will be gained when the debitor pays.

Please help as IRD could not answer this one for me.

Thanks Manybabes



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