INCOME TAX ASSESSMENT ACT 1936 - SECT 127 Credit for tax paid by company
INCOME TAX ASSESSMENT ACT 1936 - SECT 127
Credit for tax paid by company (1) Where the company pays tax under this Division on any
interest, and that interest is included in the assessment of the person to
whom it was paid or credited, the proportionate amount of tax paid by the
company in respect of the interest shall be deducted from the total tax
payable by that person.