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08 Aug 13 ATO says "Ensure the IT5 and IT6 income tests labels are completed correctly"

The ATO has advised agents to ensure that the IT5 and IT6 income tests labels in the 2013 return are completed correctly

For 2012-13, individual tax returns, the IT5 and IT6 labels are auto-filled from other labels and sub-labels on the tax return. It is critical, therefore, that agents check the final IT5 and IT6 values before they lodge any tax returns.

For more information, go here


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