INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
In this Division, ``income tax'' or ``tax'' does not include income tax that a company is liable to pay in the capacity of a trustee.221AA(2) [Instalment of tax]
In sections 208 , 209 , 214 , 254 , 255 , 258 and 259 , but not in any other section of this Act, ``income tax'' or ``tax'' includes additional tax payable under subsection 221AG(6), (7), (7A) or (7B) .
The ascertainment of the amount of any notional tax, or the amount of any instalment of tax, in accordance with this Division shall not be deemed to be an assessment within the meaning of any of the provisions of this Act.221AA(5) [Calculation]
All amounts of instalments of tax shall be calculated to the nearest dollar.221AA(6) [Assessable income including net capital gain]
A reference in this Division to the amount of the taxable income of a company of a year shall, if by virtue of Part IIIA the assessable income of the company for that year included a net capital gain within the meaning of that Part, be construed as a reference to the amount that would have been that taxable income if that net capital gain had not been so included.
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