Sentences with phrase «income under subdivision»

'' (3) Any amount deducted from gross income under section 164 of the Code as state, local, or foreign income tax or tax, as state or local general sales tax tax, or as qualified motor vehicle tax to the extent that the taxpayer's total itemized deductions deducted under the Code for the taxable year exceed the standard deduction allowable to the taxpayer under the Code reduced by the amount the taxpayer is required to add to taxable income under subdivision (4) of this subsection.subsection (a2) of this section.»

One of the consequences of this is that the income earned in respect of this superannuation interest is not exempt income under Subdivision 295 - F.

Paragraph (1)(b) has effect as if the reference to amounts included in assessable income under Subdivision 295 - C included a reference to amounts included in assessable income under former section 274 of the Income Tax Assessment Act 1936: see section 295 - 485 of the Income Tax (Transitional Provisions) Act 1997.

Not exact matches

Under its powers to review and approve projects under the zoning law and subdivision regulations, the Planning Board is not authorized to consider the type of ownership of residences (for sale or for rent), nor the income or other characterizations of the future residents as part of this reUnder its powers to review and approve projects under the zoning law and subdivision regulations, the Planning Board is not authorized to consider the type of ownership of residences (for sale or for rent), nor the income or other characterizations of the future residents as part of this reunder the zoning law and subdivision regulations, the Planning Board is not authorized to consider the type of ownership of residences (for sale or for rent), nor the income or other characterizations of the future residents as part of this review.

An affected trust will still be treated as a corporate tax entity and lodge a company tax return using its current company TFN for income years on or after 1 July 2016 if it has made a choice, under Subdivision 713 - C of the Income Tax Assessment Act 1997, to be the head company of an income tax consolidated income years on or after 1 July 2016 if it has made a choice, under Subdivision 713 - C of the Income Tax Assessment Act 1997, to be the head company of an income tax consolidated Income Tax Assessment Act 1997, to be the head company of an income tax consolidated income tax consolidated group.

[36] A commutation also occurs where a superannuation income stream provider converts superannuation income stream entitlements to a superannuation lump sum in compliance with a commutation authority issued under Subdivision 136 - B of Schedule 1 to the TAA in respect of that superannuation income stream.