Transcription of INTERPRETATION NOTE 33 (Issue 5) ACT - SARS
{{id}} {{{paragraph}}}
Example: confidence
INTERPRETATION NOTE 33 (Issue 5) ACT - SARS
INTERPRETATION NOTE 33 ( issue 5) DATE: 5 May 2017 ACT : INCOME TAX ACT 58 OF 1962 SECTION : SECTION 20(1)(a) SUBJECT : ASSESSED LOSSES: COMPANIES: THE TRADE AND INCOME FROM TRADE REQUIREMENTS CONTENTS PAGE Preamble .. 2 1. Purpose .. 2 2. Background .. 2 3. The law .. 2 4. Application of the law .. 3 The trade requirement .. 3 The meaning of assessed loss and balance of assessed loss .. 3 The need to carry on trade during the current year of assessment .. 3 Non-trade income .. 4 Amounts disguised as trade income .. 6 The extent of effort or money expended.
3 . Section 1(1) – Definition of “trade” “trade” includes every profession, trade, business, employment, calling, occupation or venture, including the letting of any property and the use of or the grant of permission to use
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: