Question
Which statement is INCORRECT? a) Statute law is made and enacted by Parliament; b) Taxation Rulings are not laws in the strict sense, but represent
Which statement is INCORRECT?
| a) | Statute law is made and enacted by Parliament; | |
| b) | Taxation Rulings are not laws in the strict sense, but represent the Commissioner's opinion on how a particular taxation law should be interpreted or applied; | |
| c) | According to Section 6-25(2) of the ITAA (1997), a specific income provision of the Act overrides a general income provision, meaning that if an amount is caught under both ordinary and statutory income, the specific (ie. statutory) provisions will apply; | |
| d) | The Taxpayers' Charter sets out the rights of taxpayers and service standards taxpayers can expect of the Australian Taxation Office and has the force of law. |
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
