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.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.