Lml4804 Study guides, Class notes & Summaries

Mr. Xaba, a South African resident worked for Acce Pty Ltd (“Acce”) as an electrician for 15 years. As a result of the Covid-19 pandemic that hit the world, Acce decided to retrench the technical employees including Mr. Xaba. He was given a severance package of R5 million. Mr. Xaba is married in community of property to his childhood sweetheart, Marcia and they stay in Waterkloof, Pretoria. They bought the house in 2011 for R900 000. They also own a holiday house in Jeffrey’s B...

On 30 November 2022 Cycling Africa CC sells a bicycle to Tsepo for R1 000. Starting on 30 November 2022, Tsepo pays the purchase price in ten equal monthly instalments of R100 each. Cycling Africa CC’s year of assessment is the same as the year of assessment of its sole member, Tamara. What amount must Cycling Africa CC include in its gross income for the 2022/2023 year of assessment?

LML4804 Assignment 1. Name: Ntokozo Ronald Mabuya Student Num: Unique code: Module: LML4804 Question 1 A. Section 1 of the Income Tax Act defines gross income. Gross income in relation to any year or period of assessment, means: in the case of any resident the total amount in cash, received by or accrued to in favour of such resident during such year or period of assessment. In the case of any other person other than a resident the total amount in cash or otherwise, received by or ac...

QUESTIONS AND ANSWERS

Latest exam pack questions and answers and summarized notes for exam preparation. Whatsapp 067 171 1739 for assistance. All the best on your exams!!

LML4804 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2024 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

Latest exam pack questions and answers and summarized notes for exam preparation. Whatsapp 067 171 1739 for assistance. All the best on your exams!!

LML4804 Assignment 4 Semester 2 2022

INCOME TAX (LML4804) SEMESTER 2 2023 ASSESSMENT 04 (QUIZ) SOLUTIONS DUE DATE: 09 OCTOBER 2023 100% GUARANTEED!

Past exam question papers. Arranged in descending order from 2022 to 2016. Great resource for exam practice and revision (Contains Questions Only)