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Why is it necessary for Australian taxation purposes to determine the source of income? What is the source rule for the services involve? When will

Why is it necessary for Australian taxation purposes to determine the source of income?

What is the source rule for the services involve?

When will an item of trading stock be considered to be on hand?

Why is it necessary to compare the value of trading stock on hand at the start of the year and at the end of the year?

All answers must be supported by reference to relevant legislation case law and/or tax rulings

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