Income tax: Capricorn Timber Indian Sandalwood Project 2007

Product Ruling PR 2007/61 sets out the Commissioner's opinion on the tax consequences of Growers accepted into the Capricorn Timber Indian Sandalwood Project 2007 (the Project) from 13 June 2007 to 15 June 2007 inclusive.

No applications were accepted and the Project did not proceed. Therefore, PR 2007/61 has no application as it does not rule on the tax consequences for any entity.