| IN 61 |
Remission of interest |
Value-Added Tax Act, 1991 |
Section 39(7)(a) |
| IN 62 |
Broad-based employee share plan |
Income Tax Act, 1962 |
Sections 8B, 10(1)(nC) and 11(lA) |
IN 63
(Issue 2) |
Rules for the translation of amounts measured in foreign currencies other than exchange differences governed by section 24I and the Eighth Schedule |
Income Tax Act, 1962 |
Sections 1(1), 6quat(4) and (4A), 6quin(4), 9A, 9D(6), 25D, 35A(5), 47J, 49H, 50H, 51H and 64N(4) |
|
(Issue 4)
|
Income tax exemption: Bodies Corporate, Share Block Companies and Associations of persons managing the collective interests comment to all members |
Income Tax Act, 1962 |
Section 10(1)(e) |
IN 65
(Issue 3) |
Trading stock - Inclusion in income when applied, distributed or disposed of otherwise than in the ordinary course of
trade |
Income Tax Act, 1962 |
Section 22(8) |
| IN 66 |
Scholarships or bursaries |
Income Tax Act, 1962 |
Section 10(1)(q) and the Seventh Schedule |
IN 67
(Issue 4) |
Connected persons |
Income Tax Act, 1962 |
Section 1(1) – definition of "connected person" |
| IN 68 (Issue 2) |
Provisions of the Tax Administration Act, 2011, that did not commence on 1 October 2012 under Proclamation No. 51 |
Tax Administration Act, 2011 |
Chapter 12 and Schedule 1 |
IN 69
(Issue 2) |
Game farming |
Income Tax Act, 1962 |
Sections 9HA, 25, 25C, 26 and First Schedule |
| IN 70 |
Supplies made for no consideration |
Value-Added Tax Act, 1991 |
Section 1 – definitions of 'enterprise', 'taxable supply', 'input tax', 'donation' and consideration, section 10(4) and
10(23) |
| IN 71 |
Long service awards |
Income Tax Act, 1962 |
Paragraphs 2(a),
5(2)(b) and 5(4) of the Seventh Schedule |
| IN 72 |
Right of use of motor vehicle |
Income Tax Act, 1962 |
Paragraph 7 of the Seventh Schedule |
IN 73
(Issue 3) |
Tax implications of rental income from tank containers |
Income Tax Act, 1962 |
Sections 11(a), 11(e), 20(1), 23A and 25D |
IN 74
(Issue 2) |
Deduction and recoupment of expenditure on repairs |
Income Tax Act, 1962 |
Sections 11(d) and
8(4)(a) |
|
Exclusion of certain companies and shares from a "group of companies" as defined in section 41(1) |
Income Tax Act, 1962 |
Sections 1 and 41(1) |
| IN 76 |
Tax treatment of tips for recipients, employers and patrons
|
Income Tax Act, 1962 |
Section1(1) – definition of the term "gross income"
Fourth Schedule - paragraph 1 definitions of "remuneration", "employer", "employee", "provisional taxpayer"; paragraph 2(1) |
IN 77
|
Taxable benefit: Use of employer-provided telephone or computer equipment or employer-funded telecommunication services |
Income Tax Act, 1962 |
Paragraph 2(b), (e) and (h); Paragraphs 6, 10 and 31(1) of the Seventh Schedule |
IN 78
|
Allowance for future expenditure on contracts |
Income Tax Act, 1962 |
Section 24C |
IN 79
(Issue 2)
|
Produce held by nursery operators
Note:
Issue 1 of this Note replaced Practice Note 32 dated 7 October 1994 |
Income Tax Act, 1962 |
Sections 9A, 25, 25C and 26 and Paragraphs 2, 3, 4 and 9 of the First Schedule |