[GNC] Tax report for India

[Adrien Monteleone]

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?