Deduction: Non-deductible amounts debited to the Income Statement Series
Duration: 0 hour
Price: R88.20
Deduction: Non-deductible amounts debited to the Income Statement Series
Deduction: Non-deductible amounts debited to the Income Statement Series
What's Included:
Deductions not allowable in determination of taxable income (s23)
OUTCOMES OF TOPIC After studying this topic related to non-deductible amounts debited to the Income Statement, you should be able to: ✓ Understand what is meant by “non-deductible amounts debited to the Income Statement&rd quo;; ✓ Name the report contained in the Financial Statements used to complete the “Income Statement” section on the ITR14 tax return; ✓ Understand what is meant by “prohibited deductions” and why section 23 overrides other tax provisions; ✓ Select the correct adjustment fields on the ITR14 Tax Computation under which non-deductible amounts reflected in the Income Statement (Statement of Profit or Loss and Other Comprehensive Income) must be completed.
0.5 Hour | R49.00
Section 23C: The interaction between deductions and VAT
OUTCOMES OF TOPIC After studying this topic related to non-deductible amounts debited to the Income Statement, you should be able to: ✓ Understand what is meant by “non-deductible amounts debited to the Income Statement&rd quo;; ✓ Name the report contained in the Financial Statements used to complete the “Income Statement” section on the ITR14 tax return; ✓ Understand what is meant by “prohibited deductions” and why section 23 overrides other tax provisions; ✓ Select the correct adjustment fields on the ITR14 Tax Computation under which non-deductible amounts reflected in the Income Statement (Statement of Profit or Loss and Other Comprehensive Income) must be completed.
