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ALL QUESTIONS NEEDS TO BE ANSWERED UNDER AUSTRALIAN TAXATION RULES 3. Returns and Assessments -Returns required for lodgement ine tollowing information relates to transactions during
ALL QUESTIONS NEEDS TO BE ANSWERED UNDER AUSTRALIAN TAXATION RULES
3. Returns and Assessments -Returns required for lodgement ine tollowing information relates to transactions during the 2015/16 tax year. - Graham and Hilary Yeomans, both Australian residents aged 40, derive net partnership income from their dry deaning business amounting to $30,000. Graham and Hilary do not use the services of a Registered Tax Agent for either their personal or business affairs. . Ian Roberts, a non-resident, received interest of $5,000 on an Australian nvestment. Withholding tax of $500 was deducted. Ian had no other Austrailan income or deductions during the year Jerome Holmes, an Australian resident aged 14, received fully franked dividends of $210. He had no other income or deductions and did not use the services of a . Registered Tax Agent. For each taxpayer state whether or not they are required to lodge an Income tax return for the 2015/16 tax year and if so, when the return must be lodgedStep by Step Solution
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