Well-structured TAX2601 Assignment 3 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).. QUESTION 1 (12 marks)
Easy Elevators (Pty) Ltd’s (“EE”) core business is the maintenance of elevators in residential and commercial buildings in the Gauteng...
TAX2601 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2 September 2024
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University of South Africa (Unisa)
Principles of Taxation (TAX2601)
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TAX2601
Assignment 3 Semester 2 2024
Unique Number:
Due Date: 2 September 2024
QUESTION 1
Gross Income Definition and Application to Easy Elevators (Pty) Ltd
1. Total Amount
The gross income definition refers to the "total amount" received by or accrued to the taxpayer.
The R45,000 received by EE is the full amount for three months of service fees, paid upfront by
a customer. In this context, the "total amount" refers to the entire sum received, without any
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