Income tax: exemption of income from scholarships.

Draft Taxation Ruling TR 94/D13 is withdrawn with effect from today.

The draft Ruling is about subparagraph 23(z)(i) of the Income Tax Assessment Act 1936 , and, in particular, the test relating to the 'rendering of services' in relation to scholarships. Subparagraph 23(z)(i) has been amended to change the conditions which render a scholarship taxable.

Other topics dealt with by the draft Ruling are explained by existing case law.

The draft Ruling is no longer necessary.