INCOME TAX ASSESSMENT ACT 1997 - SECT 100.60 Why keep records?
INCOME TAX ASSESSMENT ACT 1997 - SECT 100.60
Why keep records?1. To ensure you do not disadvantage yourself.
2. To comply as easily as possible.
3. To plan for your CGT position in future income years.
4. The law requires you to: see Division 121.