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A critical analysis as to whether a company is entitled to carry forward assessed losses if such company has traded but has derived no income therefrom
The Income Tax Act No 58 of 1962 provides for tax to be levied on an annual basis (i.e. income and expenditure are generally calculated and determined in respect of a single year of assessment). Section 20(1) makes provision for the possibility that the allowable deductions may exceed a taxpayer's i...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2021
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