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6 July 2020
Jobkeeper payments eligible businesses have received are assessble income. But I don't think they are ordinary income earned from business and investment activities. So should they be excluded from T1?
Most helpful response
7 July 2020
Jobkeeper payments received by business are BAS excluded taxable income i.e not included in BAS but included in annual tax return as assessable income
25 January 2021
Thought I would add some information that might be helpful. You do need to include the amount if you have an active PAYG instalments role.
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