Page 443 - SAIT Compendium 2016 Volume1

Table listing de nitions INCOME TAX ACT 58 OF 1962 Table listing de nitions
Income Tax Act
Value-Added Tax Act
Tax Administration Act
binding effect (ss 75 to 90 (Ch 7))
binding general ruling (s 76B) – repealed
binding general ruling (ss 75 to 90 (Ch 7))
binding private ruling (s 76B) – repealed
binding private ruling (ss 75 to 90 (Ch 7))
biometrical information (Pendlex) – deleted
biometric information (s 1)
board (s 37H)
boat (8th Sch para 1)
bonus (s 27)
bonus debentures or securities (s 1)
broad-based employee share plan (s 8B)
brown eld project (s 12I)
business (s 29A)
business day (s 1) – deleted
business day (s 1) – deleted
business day (s 1)
capital asset (ss 19 & 41; 8th Sch para 12A)
capital distribution (8th Sch para 74) – deleted
capital expenditure (s 36)
capital expenditure incurred (s 36)
capital gain (s 1; 8th Sch para 1)
capital loss (s 1; 8th Sch para 1)
cash value (s 1)
Category A (s 27)
Category B (s 27)
Category C (s 27)
Category D (s 27)
Category E (s 27)
Category F (s 27) – deleted
Category III Financial Services Provider (s 29A)
certi ed emission reduction (s 12K)
cheque (s 2)
child (ss 1 & 6B)
child in relation to the taxpayer (s 18)
class (ss 75 to 90 (Ch 7))
class member (s 76B) – repealed
‘class member’ & ‘class members’ (ss 75 to 90 (Ch 7))
Clean Development Mechanism project (s 12K)
close corporation (s 1)
close corporation (s 1)
collateral agreement (s 1)
SAIT CompendIum oF TAx LegISLATIon VoLume 1 435
INCOME TAX ACT – DEFINITIONS