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Edited version of private advice
Authorisation Number: 1012643797131
Ruling
Subject: Unbilled income
The Commissioner was asked whether expenses that had been incurred before, but unbilled at, the end of the income year, were deductible under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) in that year.
The Commissioner ruled that the unbilled expenses at the end of the income year were deductible under section 8-1 of the ITAA 1997 in that year of income