Joint submission from CPA Australia, Institute of Chartered Accountants in Australia, Taxation Institute of Australia, Taxpayers Australia regarding TD 2004/D85 Income tax: consolidation: can the head company of a consolidated group claim a deduction, under section 8-1 or section 25-95 of the Income Tax Assessment Act 1997, for the tax cost setting amount of partly performed work which has not yet given rise to a recoverable debt?
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