INCOME TAX ASSESSMENT ACT 1936 - SECT 429 Notional allowable deduction for (sometimes - exempt income) loss
INCOME TAX ASSESSMENT ACT 1936 - SECT 429
Notional allowable deduction for (sometimes - exempt income) loss The amount of any (sometimes - exempt income) loss of the
eligible CFC for the eligible period class is a notional allowable deduction
for the period from the notional assessable income of the eligible CFC.