Section 269C | Overview of Chapter

(1)This Chapter contains provision restricting the amount of certain deductions which a banking company may make in calculating its taxable total profits for an accounting period.

(1A)This Chapter applies in relation to a banking company in addition to Part 7ZA (which contains provision restricting the amount of certain deductions which any kind of company may make in calculating its taxable total profits for an accounting period).

(2)Sections 269CA to 269CC contain the restrictions.

(3)Sections 269CE to 269CH contain exceptions to the restrictions.

(4)Section 269CK contains anti-avoidance provision.

(5)Sections 269CL to 269CN contain supplementary provision and definitions.

(6)For the meaning of “banking company”, see section 269B.