Price:
R367.08 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
90 Minutes
Additionals:
R367.08 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
90 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
This lesson covers the following:
• The general deduction formula as set out in Section 11 of the Income Tax Act, and the most contended elements thereof in dispute between taxpayers and SARS
• Specific deductions granted under this and other sections of the Act
o Legal expenses
o Repairs and maintenance
o Bad and doubtful debts
o Learnership deductions
o Donations
o Credit agreements and debtor allowances
o Future contract costs
o Assessed losses
• Prohibited and limited deductions (including prepaid expenditure and the limitation on excessive interest)
• This session excludes detailed coverage of capital allowances, which is covered in a separate session.
• The general deduction formula as set out in Section 11 of the Income Tax Act, and the most contended elements thereof in dispute between taxpayers and SARS
• Specific deductions granted under this and other sections of the Act
o Legal expenses
o Repairs and maintenance
o Bad and doubtful debts
o Learnership deductions
o Donations
o Credit agreements and debtor allowances
o Future contract costs
o Assessed losses
• Prohibited and limited deductions (including prepaid expenditure and the limitation on excessive interest)
• This session excludes detailed coverage of capital allowances, which is covered in a separate session.