Page 325 - SAIT Compendium 2016 Volume1

Second Schedule INCOME TAX ACT 58 OF 1962 Third Schedule
(2) The amount determined in terms of subparagraph (1) may not exceed the amount of the lump sum bene t in respect of which it is allowable as a deduction.
(3) For the purposes of this paragraph, the surrender value of any policy of insurance ceded or otherwise made over to the person by any pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund and ceded or otherwise made over by the person to any other such fund, or any amount paid by the person into the latter fund in lieu of or as representing such surrender value or a portion thereof, shall be deemed to be an amount paid into the latter fund by the former fund for the bene t of the person.
[Sub-para. (3) substituted by s. 99 (1) (e) of Act 22 of 2012 and by s. 113 (1) (c) of Act 31 of 2013 – date of commencement: 12 December 2013.]
[Para. 6 substituted by s. 26 of Act 90 of 1964, amended by s. 18 of Act 104 of 1979, by s. 5 of Act 30 of 1984, by s. 32 of Act 141 of 1992, by s. 51 (1) of Act 30 of 1998, by s. 38 (1) of Act 20 of 2006, by s. 52 (1) of Act 8 of 2007, by s. 42 of Act 3 of 2008 and by s. 64 (1) of Act 60 of 2008 and substituted by s. 62 (1) of Act 17 of 2009.]
7. . . .
[Para. 7 substituted by s. 27 of Act 88 of 1965, by s. 29 of Act 95 of 1967 and by s. 36 of Act 88 of 1971, amended by s. 25 of Act 85 of 1987, substituted by s. 53 (1) of Act 8 of 2007 and repealed by s. 65 (1) of Act 60 of 2008.]
Number and year of Law
Act 29 of 1939 Act 31 of 1941 Act 46 of 1941 Act 34 of 1942 Act 26 of 1943 Act 31 of 1943 Act 47 of 1944 Act 39 of 1945 Act 55 of 1946 Act 52 of 1947 Act 40 of 1948 Act 45 of 1949 Act 35 of 1950 Act 64 of 1951 Act 56 of 1952 Act 34 of 1953 Act 55 of 1954 Act 43 of 1955 Act 55 of 1956 Act 61 of 1957 Act 36 of 1958 Act 78 of 1959 Act 58 of 1960 Act 80 of 1961
Extent of repeal
Subsections (2) and (3) of section ninety-nine The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole
The whole, except section two The whole
The whole except sections fourteen and fteen The whole
The whole, except section three
The whole, except sections three and nineteen The whole, except section three
The whole
The whole, except sections thirty-two and thirty-three
Third Schedule LAWS REPEALED
Short title
Co-operative Societies Act, 1939 Income Tax Act, 1941
Special Taxation Act, 1941 Income Tax Act, 1942
Income Tax act, 1943
Special Taxation Amendment Act, 1943 Income Tax Act, 1944
Income Tax Act, 1945
Income Tax Act, 1946
Income Tax Act, 1947
Income Tax Act, 1948
Income Tax Act, 1949
Income Tax Act, 1950
Income Tax Act, 1951
Income Tax Act, 1952
Income Tax Act, 1953
Income Tax Act, 1954
Income Tax Act, 1955
Income Tax Act, 1956 Income Tax Act, 1957 Income Tax Act, 1958 Income Tax Act, 1959 Income Tax Act, 1960 Income Tax Act, 1961
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INCOME TAX ACT – SCHEDULES