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 - DThere 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.