TAX 3701 ASSIGNMENT 2
Johns Hopkins University
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Exam (elaborations)
TAX 3701 ASSIGNMENT 2
Johns Hopkins University
TAX 3701 ASSIGNMENT 2
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 © CTM Tutoring All rights reserved +19 Amount (R )...
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