Private ruling: Unbilled income
Published: June 2014

Ruling: The Commissioner was asked whether expenses that had been incurred before, but unbilled at, the end of the income year, were deductible under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) in that year. | The Commissioner ruled that the unbilled expenses at the end of the income year were deductible under section 8-1 of the ITAA 1997 in that year of income