TAX 3701 ASSIGNMENT 2
Johns Hopkins University
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TAX 3701 ASSIGNMENT 2
- Exam (elaborations) • 5 pages • 2021
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- $3.49
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Question 1 
Tax liability of eZhonda (Pty) Ltd for the year of assessment ended 28 February 2019. 
Rand Rand 
Taxable income 73 859 000,00 
Factory Building (Section 13) = * 5% - 525 000,00 
Restraint of Trade (Section 11(cA) = less than 3 year therefore 3mil/3 - 1 000 000,00 
Research & development costs (Section 11D) = 600 000 * 150% - 900 000,00 
Patent purchased (Sec 11(gC)): cost less than 5000 hence full deduction allowed - 4 500,00 
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