Page 16 - PowerPoint Presentation
P. 16
Deductions (Pre-paid Expenditure)
• Expenditure incurred to procure services all of which
will not be supplied in the YOA will not be allowed as
a deduction in full , only the portion that relates to
the year of assessment will be deducted.
• Expenditure allowed under section 11a,11c(legal
expenses)11d(repairs)11A (pre-trade expenditure)
and
• The expenditure in respect of goods and services that
will not be supplied or rendered during the YOA or
the benefits that relate to benefits beyond the YOA.
16
