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Exam (elaborations)

Tax2601 Assignment 2 Semester 1 - 2023

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ALL 2023 SEMESTER 1 QUESTIONS AND ANSWERS, DISTINCTION

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Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=71




 Dashboard Calendar


Dashboard / My courses / TAX2601-23-S1 / TAX2601 Home Page / Assessment 2


Started on Wednesday, 8 March 2023, 4:41 AM
State Finished
Completed on Wednesday, 8 March 2023, 5:30 AM
Time taken 49 mins 33 secs
Marks 43.00/50.00
Grade 86.00 out of 100.00


Question 1
Complete

Mark 1.00 out of 1.00




SARS has finalised the assessment for Bhekisizwe (Pty) Ltd, what is the form used by SARS to communicate the outcome of the
assessment?



a. ITR14.
b. IT3.
c. ITA34.
d. ITR12.




Question 2
Complete

Mark 1.00 out of 1.00




Which one of the following is incorrect regarding the submission of tax returns?



a. Records must be kept for five years from the date of submission of that return.
b. Records have to be kept in their original form or in a form specified by SARS.
c. Every registered taxpayer has to render an income tax return twice a year.
d. A return must be signed by the taxpayer or a representative of the taxpayer.




1 of 18 3/8/2023, 6:11

,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=71



Question 3
Complete

Mark 1.00 out of 1.00


 Dashboard Calendar

The case New State Areas Ltd v Commissioner for Inland Revenue 1946 AD 610 at 627 was handed down in which court?
Dashboard / My courses / TAX2601-23-S1 / TAX2601 Home Page / Assessment 2

a. Tax Court
b. Tax Board
c. Supreme Court of Appeal (previously known as the Appellate Division)
d. Constitutional Court




Question 4
Complete

Mark 1.00 out of 1.00




Which of the following is true (choose the correct option)? Any person must apply to register for tax within...



a. the period as set out in a relevant tax Act or within 45 business days of becoming obliged to register in terms of a tax Act.
b. the period as set out in a relevant tax Act or within 30 business days of becoming obliged to register in terms of a tax Act.
c. the period as set out in a relevant tax Act or within 31 business days of becoming obliged to register in terms of a tax Act.
d. the period as set out in a relevant tax Act or within 21 business days of becoming obliged to register in terms of a tax Act.




Question 5
Complete

Mark 1.00 out of 1.00




A smaller burden will be placed on the taxpayer when the court is required to interpret a provision of the Income Tax Act where the
provision has more than one interpretation. What does this refer to?



a. contra fiscum rule
b. binding general ruling
c. legal precedent
d. burden of proof




2 of 18 3/8/2023, 6:11

,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=71



Question 6
Complete

Mark 1.00 out of 1.00


 Dashboard Calendar

The South African government has a fiscal year that runs from:
Dashboard / My courses / TAX2601-23-S1 / TAX2601 Home Page / Assessment 2

a. 01 March to 28 February
b. 01 January to 31 December
c. 01 April to 31 March
d. 01 July to 30 June




Question 7
Complete

Mark 1.00 out of 1.00




Disagreements with SARS regarding assessments cannot be resolved in the_______________



a. High Court.
b. Magistrate's Court.
c. Tax Court.
d. Supreme Court of Appeal.




Question 8
Complete

Mark 1.00 out of 1.00




For how long must a taxpayer keep records with regard to tax returns?



a. No records need to be kept after filing a return
b. Five years
c. One year
d. Three years




3 of 18 3/8/2023, 6:11

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Publisher: 2018 ISBN: 9781988504995 Edition: Unknown

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