How to set the amount capping in Supplemental Data in Tax Reporting application
Summary
Section 14B & 14K entitles for further deduction of SGD 150k in Singapore.Content
In Singapore, a company can claim a further deduction of SGD 150,000 due to Section 14B & 14K, which will help the company to reduce the Taxable income. This deduction is towards any approved (international events, corporate events or advertisement or publicity etc.).
In the TRCS application, we would be loading a set of transactions as part of supplemental data. The total value of these transactions loaded could be (for example, SGD 200k). However, the deduction can only be claimed for SGD 150k.
I would like to know how can we set a capping limt of SGD 150k in the SDM so that after loading the transactions, only $150k flows to current provision form as further deduction.
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