Income tax - Study guides, Revision notes & Summaries

Looking for the best study guides, study notes and summaries about Income tax? On this page you'll find 478 study documents about Income tax.

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FAC3701 ASSIGNMENT 1 SEMESTER 1 OF 2023 [765123]
  • FAC3701 ASSIGNMENT 1 SEMESTER 1 OF 2023 [765123]

  • Summary • 11 pages • 2023
  • FAC3701 ASSIGNMENT 1 SEMESTER 1 OF 2023 [] REQUIRED: (a) Prepare the relevant journal entry to correctly record the dividends transaction in additional information (3) in the accounting records of Mathew Ltd for the financial year ended 31 December 2022. (b) Prepare the relevant journal entry to correctly record the sales transaction of Machine Stitch on 01 January 2022 (refer to additional information (1) in the accounting records of Mathew Ltd for the financial year ended 31 December...
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TAX2601 ASSIGNMENT 5 SEMESTER 1 OF 2023 [701094]
  • TAX2601 ASSIGNMENT 5 SEMESTER 1 OF 2023 [701094]

  • Summary • 14 pages • 2023
  • TAX2601 ASSIGNMENT 5 SEMESTER 1 OF 2023 [] REQUIRED: Calculate the normal tax liability of SA Metals (Pty) Ltd for the year of assessment ending 31 March 2023. Start your answer with the taxable income of R12 653 000 and provide brief reasons where amounts are not taxable or not deductible. SA Metals has elected the section 11(o) scrapping allowance, where applicable. Ignore all capital gains tax consequences.
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TAX3701 ASSIGNMENT 2 SEMESTER 1 OF 2023 [699738]
  • TAX3701 ASSIGNMENT 2 SEMESTER 1 OF 2023 [699738]

  • Summary • 4 pages • 2023
  • TAX3701 ASSIGNMENT 2 SEMESTER 1 OF 2023 [] QUESTION (40 marks) Lebelok (Pty) Ltd (“Lebelok”) is a company that is incorporated in South Africa and operates in the automobile industry. Lebelok is in the business of manufacturing, supplying and providing maintenance services of heavy vehicle engines. The South African Revenue Service (SARS) approved the company’s production process as a “process of manufacture”. The company is registered as a vendor for Value-Added Tax (VAT) purp...
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