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dc.contributor.advisorDeodutt, Jugjith.
dc.contributor.authorDevrajh, Anesh.
dc.date.accessioned2010-10-27T12:59:44Z
dc.date.available2010-10-27T12:59:44Z
dc.date.created2004
dc.date.issued2004
dc.identifier.urihttp://hdl.handle.net/10413/1492
dc.descriptionThesis (M.Com.)-University of KwaZulu-Natal, Westville, 2004.en_US
dc.description.abstractSection 20 of the Income Tax Act, No 58 of 1962 allows a taxpayer that has sustained an assessed loss to carry forward the balance of assessed loss and be set off against income earned in the future years. In addition, the loss sustained from one source may be set off the income from another. The assessed loss may be carried forward indefinitely, provided the taxpayer does not fall foul to a provision that restricts the continued use of the assessed loss. The taxpayer's right to retain, carry forward and utilise the assessed loss will be lost if: • The taxpayer's debt(s) are reduced or extinguished, without it being settled. • When a company cease trading. • Also in the case of a company, when income is channelled into it solely for the utilisation of the assessed loss. A recent amendment prevents certain individuals from setting off the assessed loss sustained in certain activities against the income of another.
dc.language.isoenen_US
dc.subjectIncome tax--Law and legislation--South Africa.en_US
dc.subjectTheses--Finance.en_US
dc.titleAssessed losses : an investigation into the restrictions imposed on a taxpayer, prohibiting the utilisation of the relief from taxation arising from an assessed loss.en_US
dc.typeThesisen_US


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