Explain the general deductions provisions of income tax act, Taxation

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Explain the general deductions provisions of income tax act

Problem

1. Compare and contrast the benefits and considerations of entering into a salary sacrifice arrangement with making personal superannuation contributions and then claiming a deduction for those contributions.

2. Explain the general deductions provisions of the Income Tax Assessment Act 1997 (Cth) (ITAA 97), including the basic principles, the positive limb that applies to the non-business taxpayer, plus the negative limbs and their effect on the ability to claim a deduction.

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Taxation: Explain the general deductions provisions of income tax act

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