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LAWS3101 Federal Commissioner of Taxation v Jenkins Assignment Sample

Table of Contents Question 1a Reasoning Calculation of Taxable Income Question 1b Question 1c Question 1d Question 2 References Income Tax Law - Question 1a Reasoning: Signing Fees- Income arising out of personal service is assessable under section 6-1 of ITAA 1997 and is considered ordinary in nature under section 6-5 of ITAA 1997. According to the case of Jarrold v. Boustead, the court held that the payment w…

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