Section OB 59 — Income Tax Act 2007: ICA refund of schedular income tax

OB 59 ICA refund of schedular income tax Debit (1) An Australian ICA company has an imputation debit for the amount of a refund of schedular income tax that gave rise to an imputation credit under section OB 29 . Table references (2) The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 32 (refund of schedular income tax). The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 27 (payment of schedular income tax). Debit date (3) The debit date is the day the refund is made. Defined in this Act: amount , Australian ICA company , imputation credit , imputation debit , pay , Compare: 2004 No 35 s ME 5(1A)(c), (2A)