Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 166.15

Companies can choose that this Subdivision is not to apply to them

             (1)  The company can choose that Subdivision 165-A is to apply to it for the income year without the modifications made by this Subdivision.

             (2)  The company must choose on or before the day it lodges its * income tax return for the income year, or before a later day if the Commissioner allows.

Table of sections

166-20      How Subdivisions 165-B and 165-CB apply to a widely held or eligible Division 166 company

166-25      How to work out the taxable income, tax loss, net capital gain and net capital loss

166-35      Companies can choose that this Subdivision is not to apply to them



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