Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 292 - Excess non-concessional contributions  

Subdivision 292-B - Assessable income and tax offset  

SECTION 292-20   292-20   Amount in assessable income, and tax offset, relating to your non-concessional contributions  


Your assessable income for an income year includes an amount, and you are entitled to a *tax offset for the income year, if:


(a) you receive one or more *excess non-concessional contributions determinations for a *financial year that corresponds to the income year; and


(b) you are not liable to pay *excess non-concessional contributions tax for the financial year on the full amount of the excess stated in the most recent of those determinations.


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