ACCT2331 Chapter Notes - Chapter 12,14: Withholding Tax, Inter Vivos, Worshipful Company Of Tax Advisers
Document Summary
[12. 2] exempt income (page 317: ordinary or statutory income is exempt income if it is made exempt by a provision in the. Itaa36 or itaa97 or another commonwealth law: checklist in subdiv 11-a itaa97. Income of certain kinds of entities, e. g. charitable institutions: religious institutions, scientific institutions, public educational institutions, employee and employer associations, municipal corporations and local governing bodies, public hospitals, sports, musical and art societies and clubs. Second class of exempt income: certain kinds of income, e. g. non-cash business benefits that do not exceed , pdf dividends, foreign earnings derived by residents from eligible foreign service for a continuous. Interest on a judgment debt for personal injuries period of not less than 91 days: allowances received by members of the defence force, scholarships and educational allowances paid to full-time students. Income from eligible venture capital investments: certain social security and veteran"s payments.
