Statute
Section 124ZY — Income Tax Assessment Act 1936: Classes of assessable income
Text of the provision Official document
Classes (1) The classes of assessable income of the company are as follows: (a) SME assessable income (see section 124ZT); (b) other assessable income (see subsection(2)). Other assessable income (2) The company’s other assessable income of the year of income is the sum of: (a) so much of the company’s non-CGT assessable income of the year of income as is not included in the company’s SME assessable income of the year of income; and (b) any assessable income allocated to the company’s other assessable income under section 124ZZB.
Official source: Federal Register of Legislation
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