INCOME TAX ASSESSMENT ACT 1997 - SECT 328.280 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 328.280
What this Subdivision is aboutSmall and medium business entities can choose not to account for their trading stock in some circumstances. This Subdivision modifies the rules in Division 70 about trading stock for those entities.
328 - 285 Trading stock for small and medium business entities
328 - 295 Value of trading stock on hand