Αποτελέσματα Αναζήτησης
4.1. Gross income Section 1(1) defines “gross income”, in relation to any year of assessment, of a resident, as the total amount, in cash or otherwise, received by or accrued to or in favour of the resident, during such year of assessment, excluding receipts and accruals of a capital nature.
4.1. Gross income Section 1(1) defines “gross income”, in relation to any year of assessment, of a resident, as the total amount, in cash or otherwise, received by or accrued to or in favour of the resident, during such year of assessment , excluding receipts and accruals of a capital nature.
This Note outlines the treatment of receipts or accruals in a form other than money for purposes of the definition of “gross income” in section 1(1) as a result of the SCA judgment in the Brummeria case.
On the maturity date of an ELN, the applicant will receive the redemption amount from company A. This amount will be determined with reference to a specified index or indices, or basket of shares, subject to a minimum redemption payment equal to a significant percentage of the subscription amount.
Paragraph (g) requires a lessor to include the full amount of a lease premium in gross income in the earlier of the year of assessment in which it is received by or accrues to the lessor. The inclusion of the lease premium in gross income may not be spread over the period of the lease.
The amount to be received by a beneficiary of the applicant, by reason of the termination of his or her employment, will be included in his or her gross income in terms of paragraph (d) of the definition of “gross income” and be subject to employees’ tax as provided for by the Fourth Schedule.
• The word “amount” in the definition of the term “gross income” is to be interpreted widely. • The right to use the loan capital interest free (the right) has a monetary value.
