Identify the correct statement regarding the calculation of taxable income of a natural person O A. Deductions relating to section 11(a) of the Income Tax Act 58 of 1962 are accounted for before deductions relating to retirement contributions O B. Donations that are not paid to a public benefit organisation are accounted for under section 11(a) of the Income Tax Act 58 of 1962 deductions when calculating taxable income. O C. Taxable capital gains are not taken into account when calculating taxable income as they relate to receipts of capital nature. O D. Retirement fund deductions are accounted for after all deductions have been taken into account when calculating taxable income.
Identify the correct statement regarding the calculation of taxable income of a natural person O A. Deductions relating to section 11(a) of the Income Tax Act 58 of 1962 are accounted for before deductions relating to retirement contributions O B. Donations that are not paid to a public benefit organisation are accounted for under section 11(a) of the Income Tax Act 58 of 1962 deductions when calculating taxable income. O C. Taxable capital gains are not taken into account when calculating taxable income as they relate to receipts of capital nature. O D. Retirement fund deductions are accounted for after all deductions have been taken into account when calculating taxable income.
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 34P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT