The technical differences between tax law and account are:

	a. There is no difference in the way income and expendicture is dealt with by tax law and the under the principles of accounting.
	b. Not all receipts are recognised for tax purposes, Income tax law excludes some income and expenses for policy reasons, it ignores some transactions on the basis of ant-avoidance provisions and timing rules differ in income tax law and under accounting principles
	c. Tax law is based on accounting principles only.
	d. Some accounting principles are all contained within tax regulations

Sources of taxation law in Australia are:

	a. Legislation, which is the Income Tax Assessment Act 1997 only.
	b. The Income Tax Assessment Act 1936(Cth) and case law only.
	c. Income tax legislation, regulations, case law and rulings by the tax commissioner.
	d. The Income Tax Assessment Acts of 1936 and 1997 and case law only.