Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 770 - Foreign income tax offsets  

Subdivision 770-D - Administration  

SECTION 770-190   Amendment of assessments  

770-190(1)  
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment for the purpose of giving effect to this Division for an income year if:


(a) an event described in subsection (2) (an amendment event ) happens after the time you lodged your *income tax return for that year; and


(b) the amendment is made at any time during the period of 4 years starting immediately after the amendment event.

Note:

Section 170 of that Act specifies the periods within which assessments may be amended.

770-190(2)  
The following are amendment events:


(a) you pay an amount of *foreign income tax that counts towards your *tax offset for the year;


(b) there is an increase in an amount of foreign income tax you paid that counts towards your offset for the year;


(c) there is a reduction in an amount of foreign income tax you paid that counts towards your offset for the year.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.