Tax Collection 1 Income Tax Alternative Income Test Indicator This indicates whether the company is using an alternative income test. A choice of TRUE/FALSE values. true = company is using an alternative income test. false = company is not using an alternative income test. Income Tax Current And Deferred Total Amount Total tax asset is the amount of income taxes recoverable in respect of tax losses for the current period and deferred tax assets which are amounts of income taxes recoverable in future periods.