Explanatory Notes

Income Tax Act 2007

2007 CHAPTER 3

20 March 2007

Commentary on Sections

Part 15: Deduction of income tax at source

Overview

Chapter 15: Collection: deposit-takers, building societies and certain companies

Overview

Section 948: Meaning of “accounting period”

2905. This section defines “accounting period” for deposit-takers who are not companies. It is based on section 480A(4) of ICTA.