ITAA 1997 s 59-30

Compendium

Income tax: assessability of proceeds from illegal activities, treatment of amounts recovered and deductibility of fines and penalties.

Assessable income: repayment arrangement - amounts not yet repaid

Bounties and subsidies: whether a repayable government payment a 'bounty or subsidy'

Assessable income: balancing adjustment - repayment of sale price of depreciating asset in a later income year

Income tax: assessability of proceeds from illegal activities, treatment of amounts recovered and deductibility of fines and penalties

Repayment of part of an assessed Australian Defence Force retention bonus

Repayment of an assessed study grant