Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 124ZY

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.