Charges income tax, defines heads of income, allows deductions and credits, and provides assessment, appeal and recovery machinery.
Key provisions
- Section 4 - tax on taxable income
- Section 120 - assessment on return
- Section 122 - amendment of assessment
- Section 127 - appeal to the Commissioner (Appeals)
- Section 131 - appeal to the Appellate Tribunal
Verify before you rely on it
Legislation is amended frequently. Check the current text against the official gazette before citing it in court.