An introduction to income tax law! What is it all about?
Click here for a list of the items the Apprentice Tax Practitioner Program deals with?
.
	What the Income Tax Assessment Act is about
	Your income tax is based on your taxable income, so how do you calculate your taxable income?
	Income according to ordinary concepts - a closer examination
	Income According to Accountants (not so ordinary) concepts
	Statutory Income - a closer examination
	Exempt income is excluded from assessable income
	Turn assessable income into taxable income by deducting your deductions (generally speaking)
	Deductions you can not claim - capital, private and domestic
	Sometimes you are allowed a deduction for capital expenditure
	Some deductions you can claim under specific sections of the Assessment Act
	Once you have worked out the tax payable on taxable income, you can reduce it by the allowable offsets
Apprentice tax practitioner program | tax law