Why do taxpayers have to lodge a tax return? What is a BAS? How is it different to an income tax return? (b) What is an income tax assessment? What is the Commissioner required to do when making an assessment? (c) How does the self-assessment system operate in Australia?

Answer rating: 100% (QA)

a Taxpayers are required to lodge a tax return to fulfill their legal obligation to report their income deductions and other relevant financial inform... View the full answer