Question:

What is the definition of "income" given in Australia's income tax legislation?

by  |  earlier

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A quote from the actual legislation please, and a reference for where it is given.

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4 ANSWERS


  1. Yes, visit a library. That is what your lecturer encourages.


  2. yeah. i agree with JD

  3. Anything that makes you money.

  4. you sure you want the answer to this question?

    ok you asked for it!

    assessable income has the meaning given by sections 6-5, 6-10, 6-15, 17-10 and 17-30 Income Tax Assessment Act 1997.

    To have a closer look at these sections, go to http://law.ato.gov.au

    The problem is, the definition of "income" is linked to caselaw too...

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