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Students Approach to Income Tax Natural Persons 2019

This book was written with the specific purpose of combining in one concise volume the provisions of the Income Tax Act 58 of 1962 (the Act) as it applies to individuals. This volume does, however, contain info

Publication Language: English
eBook
R713.86
Quantity
In Stock
ISBN/ISSN: 9780639000305

Product details

This book was written with the specific purpose of combining in one concise volume the provisions of the Income Tax Act 58 of 1962 (the Act) as it applies to individuals. This volume does, however, contain information relating to the income tax implications of certain sole trader activities.

Simple language has been used and the relevant sections of the Act are provided and explained in simple terms. Steps are used to explain certain topics. This is especially handy for those students who use distance education. At the end of each chapter, there are exam preparation questions with solutions that can be used to revise the various principles of the chapter. Each chapter begins with the learning outcome of each topic, in the form of critical questions, which enables the student to determine, by way of these questions, whether he or she understands the topic and can apply the principles. The content is directed at the undergraduate student and will provide students with answers to most of their questions regarding the taxation of natural persons. This work is not written for the tax practitioner, but may in fact be used by general accountants for addressing basic tax problems. This edition is updated with legislation amendments to end of October 2018, and includes all legislative amendments promulgated before that date.

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Table of contents

Chapter 1 - Introduction to taxation and calculation of net tax payable

Chapter 2 - Gross income

Chapter 3 - Income exempt from tax

Chapter 4 - General deduction formula

Chapter 5 - Income and expenses of individuals

Chapter 6 - Fringe benefits

Chapter 7 - The taxation of non-residents

Chapter 8 - Farming income

Chapter 9 - Retirement benefits

Chapter 10 - Prepaid taxes

Chapter 11 - Donations tax

Chapter 12 - Estate duty

Chapter 13 - Capital gains tax for individuals

Chapter 14 - Sole traders

- Appendices

- Bibliography

- Statutes

- Index