n Tydskrif vir die Suid-Afrikaanse Reg - The evolution of the test for "in the production of income" : regspraak
|Article Title||The evolution of the test for "in the production of income" : regspraak|
|© Publisher:||Juta Law Publishing|
|Journal||Tydskrif vir die Suid-Afrikaanse Reg|
|Publication Date||Jan 2007|
|Pages||214 - 221|
ISI Social Science
In terms of section 11(a) of the Income Tax Act "expenditure and losses actually incurred in the production of income, provided such expenditure and losses are not of a capital nature" will be allowed as a deduction. However, in the past uncertainty surrounded the question whether it was actually incurred in the production of income.
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