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INCOME AND EXPENDITURE DECLARATION PRODUCT REQUIRED Platform Reference Applicant Name(s)B INCOME DETAILS EMPLOYED1st APPLICANT2nd APPLICANTEmployment Status Employed Self Employed Non-Employed Retired

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How to fill out income and expenditure declaration

01

Gather all your income documents such as salary slips, bank statements, rental income receipts, etc.

02

List down all your sources of income and corresponding amounts in the declaration form.

03

Calculate your total income by adding up all the amounts.

04

Gather all your expenditure receipts such as rent receipts, utility bills, loan statements, etc.

05

Categorize your expenses into different categories such as housing, transportation, groceries, etc.

06

List down all your expenses and corresponding amounts in the declaration form.

07

Calculate your total expenditure by adding up all the amounts.

08

Subtract your total expenditure from your total income to calculate your net income.

09

Double-check all the entries in the declaration form for accuracy.

10

Sign and submit the filled-out income and expenditure declaration form to the relevant authority.

Who needs income and expenditure declaration?

01

Income and expenditure declaration is needed by individuals and businesses who are required by law to provide a comprehensive overview of their financial activities.

02

It is commonly required for tax purposes, loan applications, audit purposes, and financial assessments.

03

Individuals who earn income from multiple sources or have significant expenses may need to fill out an income and expenditure declaration form to accurately report their financial situation.

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What is income and expenditure declaration?

Income and expenditure declaration is a financial statement that shows an individual or organization's income and expenses over a specific period of time.

Who is required to file income and expenditure declaration?

Individuals or organizations who meet certain income or expense thresholds are required to file income and expenditure declaration.

How to fill out income and expenditure declaration?

Income and expenditure declaration can be filled out by providing detailed information about sources of income, expenses incurred, and any other financial transactions.

What is the purpose of income and expenditure declaration?

The purpose of income and expenditure declaration is to provide transparency and accountability in financial matters, and to ensure that taxes are paid correctly.

What information must be reported on income and expenditure declaration?

Information such as sources of income, expenses incurred, assets owned, and liabilities owed must be reported on income and expenditure declaration.

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