Friday, September 23, 2011

What is the definition of "income" given in Australia's income tax legislation?

A quote from the actual legislation please, and a reference for where it is given.|||you sure you want the answer to this question?


ok you asked for it!





assessable income has the meaning given by sections 6-5, 6-10, 6-15, 17-10 and 17-30 Income Tax Assessment Act 1997.





To have a closer look at these sections, go to http://law.ato.gov.au





The problem is, the definition of "income" is linked to caselaw too...|||Yes, visit a library. That is what your lecturer encourages.|||Anything that makes you money.|||yeah. i agree with JD

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