Lodgement (finance)
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In Ireland a lodgement is an amount lodged to a bank account or paid into a bank account via a "lodgement slip" or "paying in" slip. In India a lodgement is commonly used for proofs of
tax deduction A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The diff ...
. A "lodgement vendor" is one who will verify proofs (rental receipts, medical receipts) to ensure that they are eligible for deduction as per the rules of
Income Tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ...
in India. In Australia the electronic placing of personal
tax returns A tax return is a form on which a person or organization presents an account of income and circumstances, used by the tax authorities to determine liability for tax. Tax returns are usually processed by each country's tax authority, known as a ...
with the authorities is described as the electronic lodgment (note: alternative spelling) of tax returns.Electronic lodgment service
, Australian Taxation Office, Retrieved 2013-10-23


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