From the income statement to the Redditi SC return: adjustments, alignment with GAAP, error fixes and carried-forward losses — The Redditi SC return of an Italian SRL: from accounts to taxable income, deadlines and payments on account

Test yourself

Question 1 of 6

In which section of the Redditi SC return does accounting profit become business income?

Section RNSection RFSection RUNone: the accounts do it

Question 2 of 6

Where are the adjustments required by tax law made?

In the bookkeeping, before the accounts are closedIn the return, leaving the approved accounts untouchedIn the minutes of the members' meetingOn the F24 payment form

Question 3 of 6

Which adjustment has to be tracked into later years?

One for a cost tax never allowsOne for a cost allowed later, which raises income now and lowers it afterwardsNone: every adjustment is settled within the yearOnly downward adjustments

Question 4 of 6

Which SRL is excluded from the alignment with accounting criteria in article 83?

One that prepares abridged accountsOne that prepares full accountsA micro-enterprise under article 2435-ter that has not opted for full or abridged accountsOne that applies international accounting standards

Question 5 of 6

By when, at the latest, must an audited company correct a non-material error for the correction to count for tax?

By the end of the calendar year in which the error was madeBy approval of the following year's accounts, and before any formally notified inspection or auditAt any time, even after an auditBy the date of the F24 payment

Question 6 of 6

An SRL has business income of €100,000 and ample ordinary losses brought forward. How much loss can it use this year at most?

€100,000€80,000€50,000None, losses cannot be carried forward