INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

SCHEDULE 2B  

Substantiation rules


TABLE OF DIVISIONS


1 Introduction
2 Substantiating work expenses
3 Substantiating car expenses
4 Substantiating business travel expenses
5 Written evidence
6 Travel records
7 Retaining and producing records
8 Relief from effects of failing to substantiate
9 Award transport payments

Division 7 - Retaining and producing records  

SECTION 7-4   HOW TO COMPLY WITH A NOTICE  

7-4(1)   [Produce prescribed material]  

To comply with the notice, you must produce to the Commissioner, for each of the expenses, the material that this Schedule or Schedule 2A requires you to retain during the retention period.

7-4(2)   [Summary]  

You must also produce a summary that, for each expense for which you produce written evidence (see Division 5 ):


(a) notes the expense; and


(b) has a cross-reference to the written evidence of the expense; and


(c) summarises the particulars set out in the written evidence; and


(d) if the expense was in a foreign currency - shows the amount of the expense in Australian currency.

The summary must be in English in a form approved by the Commissioner.


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