Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
Your adjusted withholding income for the *base year is:•
the total of the amounts included in your assessable income for the *base assessment in respect of *withholding payments (except *non-quotation withholding payments);
•
your deductions for that year, as used in making that assessment, to the extent that they reasonably relate to those amounts.
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income tax
PART 2-10
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PAY AS YOU GO (PAYG) INSTALMENTS
Division 45
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Instalment payments
Subdivision 45-J
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How Commissioner works out your instalment rate and notional tax
SECTION 45-335
45-335
WORKING OUT YOUR
ADJUSTED WITHHOLDING INCOME
Your adjusted withholding income for the *base year is:
reduced by:
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