INCOME TAX ASSESSMENT ACT 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 8 - Active income test  

Subdivision B - Tainted income ratio  

SECTION 435   435   GROSS TAINTED TURNOVER  


For the purposes of this Part, the gross tainted turnover of a company of a statutory accounting period is so much of the gross turnover of the company of the statutory accounting period as consists of:


(a) passive income of the company of the statutory accounting period; or


(b) tainted sales income of the company of the statutory accounting period; or


(c) tainted services income of the company of the statutory accounting period.


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