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INCOME TAX ASSESSMENT ACT 1997 - SECT 295.620 No reduction under Subdivision 295 - D

INCOME TAX ASSESSMENT ACT 1997 - SECT 295.620

No reduction under Subdivision 295 - D

    There is no reduction of the amount of * no - TFN contributions income by Subdivision   295 - D.

Note:   Subdivision   295 - D can reduce an amount that would otherwise be included in assessable income. It does not reduce the amount of no - TFN contributions income. An amount is still no - TFN contributions income even if, because of Subdivision   295 - D, the amount (or part of it) is not included in assessable income.

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