Section CH 3 — Income Tax Act 2007: Adjustment for deferred payment of employment income

CH 3 Adjustment for deferred payment of employment income When this section applies (1) This section applies when a person has, under section EA 4 (Deferred payment of employment income), an unpaid amount of expenditure on employment income that is to be treated as income in an income year. Income (2) The unpaid amount is income of the person in the income year. Defined in this Act: amount , employment income , income , income year , pay Compare: 2004 No 35 s CH 3