Page 16 - SAIT Compendium 2016 Volume1

21ter .. . 21quat .. .
[S. 21ter inserted by s. 20 (1) of Act 89 of 1969 and repealed by s. 24 (1) of Act 53 of 1999.]
INCOME TAX ACT 58 OF 1962
21bis . . .
[S. 21bis inserted by s. 7 of Act 6 of 1963, substituted by s. 20 (1) of Act 85 of 1974 and repealed by s. 19 of Act 94 of 1983.]
[S. 21quat inserted by s. 17 of Act 65 of 1973 and repealed by s. 17 of Act 90 of 1988.] 22 Amounts to be taken into account in respect of values of trading stocks
22A Schemes of arrangement involving trading stock
[S. 22A inserted by s. 19 (1) of Act 88 of 1971.]
22B Dividends treated as income on disposal of certain shares
[S. 22B inserted by s. 34 (1) of Act 17 of 2009.]
23 Deductions not allowed in determination of taxable income
23A Limitation of allowances granted to lessors of certain assets
[S. 23A inserted by s. 21 (1) of Act 121 of 1984 and substituted by s. 12 of Act 70 of 1989.]
23B Prohibition of double deductions
[S. 23B inserted by s. 25 (1) of Act 129 of 1991.]
23C Reduction of cost or market value of certain assets
[S. 23C inserted by s. 25 (1) of Act 129 of 1991 and amended by s. 33 (1) (a) of Act 60 of 2001.]
23D Limitation of allowances granted in respect of certain assets
[S. 23D inserted by s. 19 (1) of Act 113 of 1993.]
[S. 23E inserted by s. 19 (1) of Act 113 of 1993 and repealed by s. 45 (1) of Act 22 of 2012.]
23E .. .
23F Acquisition or disposal of trading stock
[S. 23F inserted by s. 17 of Act 21 of 1994 and substituted by s. 30 (1) of Act 30 of 2000.]
23G Sale and leaseback arrangements
[S. 23G inserted by s. 16 (1) of Act 28 of 1997.]
23H Limitation of certain deductions
[S. 23H inserted by s. 31 (1) of Act 30 of 2000.]
23I Prohibition of deductions in respect of certain intellectual property
[S. 23I inserted by s. 37 (1) of Act 35 of 2007 and substituted by s. 38 (1) of Act 60 of 2008.] [S. 23J inserted by s. 38 of Act 35 of 2007 and repealed by s. 48 (1) of Act 22 of 2012.]
23J .. .
23K Limitation of deductions in respect of reorganisation and acquisition transactions
[S. 23K inserted by s. 49 (1) of Act 24 of 2011 and amended by s. 49 (1) (a) of Act 22 of 2012.]
23L Limitation of deductions in respect of certain short-term insurance policies
[Heading substituted by s. 60 (1) (a) of Act 31 of 2013.] [S. 23L inserted by s. 50 (1) of Act 22 of 2012.]
23M Limitation of interest deductions in respect of debts owed to persons not subject to tax under this Chapter
[S. 23M inserted by s. 61 (1) of Act 31 of 2013.]
23N Limitation of interest deductions in respect of reorganisation and acquisition transactions
[S. 23N inserted by s. 63 (1) of Act 31 of 2013.]
23O Limitation of deductions by small, medium or micro-sized enterprises in respect of amounts received or accrued from small business funding entities
[S. 23O inserted by s. 39 (1) of Act 43 of 2014.]
24 Credit agreements and debtors allowance
[S. 24 substituted by s. 16 (1) of Act 65 of 1986.]
24A Transactions whereby xed property is or company shares are exchanged for shares
[S. 24A inserted by s. 23 of Act 89 of 1969 and substituted by s. 20 (1) of Act 88 of 1971.]
24B . . .
[S. 24B inserted by s. 9 (1) of Act 101 of 1978, substituted by s. 13 (1) of Act 104 of 1979, repealed by s. 32 of Act 30 of 2000, inserted by s. 22 (1) of Act 32 of 2004, amended by s. 51 (1) of Act 22 of 2012 and repealed by s. 65 (1) of Act 31 of 2013.]
24BA Transactions where assets are acquired as consideration for shares issued [S. 24BA inserted by s. 52 (1) of Act 22 of 2012.]
24C Allowance in respect of future expenditure on contracts
[S. 24C inserted by s. 18 (1) of Act 104 of 1980.]
24D Deduction of certain expenditure incurred in respect of any National Key Point or speci ed important place or area
[S. 24D inserted by s. 20 (1) of Act 96 of 1981.]
24E Allowance in respect of future expenditure by sporting bodies
[S. 24E inserted by s. 18 of Act 91 of 1982, repealed by s. 18 of Act 90 of 1988 and inserted by s. 45 (1) of Act 7 of 2010.]
24F 24G
. . .
Taxable income of toll road operators
[S. 24F inserted by s. 17 (1) of Act 85 of 1987 and repealed by s. 67 of Act 31 of 2013.] [S. 24G inserted by s. 20 (1) of Act 90 of 1988.]
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SAIT CompendIum oF TAx LegISLATIon VoLume 1