Income Tax Assessment Act 1997
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Hide history noteSECTION 210-115 Participating PDF may elect to have venture capital credits arise on its assessment day 210-115(1)
Before a *PDF's assessment day for an income year, the PDF may elect to have the *venture capital credits that arise because of the *payment of PAYG instalments and income tax during that income year arise on the assessment day.
210-115(2)
The *PDF's assessment day for an income year is the earlier of:
(a) the day on which the PDF furnishes its *income tax return for the income year; or
(b) the day on which the Commissioner makes an assessment of the amount of the PDF's taxable income for that year under section 166 of the Income Tax Assessment Act 1936 .
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