Page 393 - SAIT Compendium 2016 Volume2
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IN 28 (2) Income Tax acT: InTeRPReTaTIon noTes IN 28 (2) Annexure B – Decision chart: Home of ce expenses
Annexure C – The law Sections 11(a) and 11(d)
11. General deductions allowed in determination of taxable income.—For the purpose of determining the taxable income derived by any person from carrying on any trade, there shall be allowed as deductions from the income of such person so derived—
(a) expenditure and losses actually incurred in the production of the income, provided such expenditure and losses are not of a capital nature;
(b) – (c) . . . . . .
(d) expenditure actually incurred during the year of assessment on repairs of property occupied for the purpose
of trade or in respect of which income is receivable, including any expenditure so incurred on the treatment against attack by beetles of any timber forming part of such property and sums expended for the repair of machinery, implements, utensils and other articles employed by the taxpayer for the purposes of his trade;
saIT comPendIum oF Tax LegIsLaTIon VoLume 2 385
