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TAX2601 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS $5.48   Add to cart

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TAX2601 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS

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THIS DOCUMENT CONTAINS TAX2601 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USE IT CAREFULLY AS A GUIDE TO SCORE ABOVE 75%

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  • August 31, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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EXPECTED ANSWERS




OSCAR THE TUTOR
oscardiura@gmail.com
+27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA tutorials
1. Total amount:

o Requirement: The gross income defini on refers to the “total amount” in cash or
otherwise received by or accrued to a taxpayer during the year of assessment.

o Applica on: The R45,000 was received by EE in March 2024, so this amount qualifies as
a "total amount" as it was received in cash.

2. Received by or accrued to:

o Requirement: An amount must be either “received by” or “accrued to” the taxpayer
during the year of assessment.

o Applica on: The R45,000 was deposited into EE’s bank account on 7 March 2024.
According to case law (e.g., Geldenhuys v CIR (1947)), “received by” implies that the

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