Tax2601 assessment 01 Study guides, Study notes & Summaries

Oct/Nov 2021 TAX2601 Principles of Taxation 100 Marks Duration 2 Hours (plus 60 minutes for upload) This paper consists of nine (9) pages plus the annexure (p i). IMPORTANT INSTRUCTIONS: 1. All amounts exclude VAT unless stated otherwise. 2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise. 3. SARS = South African Revenue Service The answering of this paper: 1. This paper consists of four (4) questions. 2. Answer all the questi...

TAX2601 Assignment 2 Semester 2023 ACCURATE ANSWERS Questions asked: Question 3 Not yet answered Marked out of 1.00 Flag question Question text How should a provision in the the Income Tax Act be interpreted, if the meaning is not clear? a. The contra fiscum rule is applied first and thereafter the literal meaning. b. The Act should not be interpreted; it is a set of rules not open for discussion. c. The intention of the legislator is the only applied principle (purposive inter...

This document serves as a guide to help reflect on my review of Assessment 1 for TAX2601. This is purely for reflection purposes and shows my decisions on the answers to the assessment as well as the marks I obtained for each answer.

TAX2601 ASSIGNMENT 01 SEMESTER 1 & 2 (Questions and Answers A+ Graded 100% Verified) QUESTION 1 When interpreting the wording used in the Income Tax Act, the application of the contra fiscum rule may be necessary. What does this mean? (1) The court will apply the interpretation that is more favourable to SARS. (2) The court will apply the interpretation that places the bigger burden on the taxpayer. (3) The court will apply the interpretation that places the smaller burden...

TAX2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (533998)- DUE 14 March 2024 ; 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 .........................................Which one of the following statements does not apply to the understatement penalty calculation? © a. If more than one behaviour applies, SARS will add the understatement penalty table percentages together. © b. The understatement penalty percentages are not the s...

TAX2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 14 March 2024 ; 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 .........................................Which one of the following statements does not apply to the understatement penalty calculation? © a. If more than one behaviour applies, SARS will add the understatement penalty table percentages together. © b. The understatement penalty percentages are not the same for ...