Income Tax Assessment Act 1997
Subdivision 820-B , 820-C , 820-D or 820-E does not apply to disallow any *debt deduction of an entity for an income year if the total debt deductions of that entity and all its *associate entities for that year are $2 million or less.
[ CCH Note: S 820-35 will be amended by No 23 of 2024, s 3 and Sch 2 item 18, by substituting " Subdivision 820-AA, 820-B, 820-C, 820-D, 820-E or 820-EAA " for " Subdivision 820-B, 820-C, 820-D or 820-E " , effective 1 July 2024. For application provisions, see note under s 705-60 .]
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