INTERPRETATION NOTE: NO. 14 (Issue 3) ACT : …
INTERPRETATION NOTE: NO. 14 ( issue 3) DATE: 20 March 2013 ACT : INCOME TAX ACT NO. 58 OF 1962 (the Act) SECTION : SECTIONS 8(1)(a); 8(1)(b) and 8(1)(c) AND PARAGRAPH 1 OF THE FOURTH SCHEDULE SUBJECT : ALLOWANCES, ADVANCES AND REIMBURSEMENTS CONTENTS PAGE Preamble ........................................ ........................................ ........................................ ...... 2 1. Purpose ........................................ ........................................ ..................................... 2 2. Background ........................................ ........................................ ............................... 2 3. The nature of allowances, advances and reimbursements ........................................ 3 Definition of the terms allowance , advance and reimbursement for the purposes of section 8(1).
Example 1 – Allowance Facts: ABC Ltd requires X to travel for business purposes three or four times a month. ABC Ltd anticipates that X will incur R1 000 per month on business-related expenditure
Download INTERPRETATION NOTE: NO. 14 (Issue 3) ACT : …
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
The Basics of Business Interruption Insurance, Business Income, Extra, Extra expense, Business Income Worksheets: Simplified, RENTAL POLICY MANUAL, Income, Understanding Business Income and Extra Expense, Business Income and Extra Expense, OneCare, THEME: UNDERSTANDING EQUITY ACCOUNTS, Relevant Life Insurance, Business