INCOME TAX ASSESSMENT ACT 1997 - SECT 26.26 Non - share distributions and dividends
INCOME TAX ASSESSMENT ACT 1997 - SECT 26.26
Non - share distributions and dividends(1) A company cannot deduct under this Act:
(a) a * non - share distribution; or
(b) a return that has accrued on a * non - share equity interest.
(2) A company cannot deduct a * dividend paid on an * equity
interest in the company as a * general deduction under this Act.