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Gross Income during the year of assessment in the case of a resident is…
Gross Income during the year of assessment in the case of a resident is the total amount in cash or otherwise received or accrued to in favour of such resident
In the case of a non resident is the total amount in cash or otherwise accrued to or received by from SA source excluding receipts or accrual of capital in nature
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2.Total amount,
in cash or otherwise
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Lategan
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meaning and must not only include money, but
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5.Received by
Gelegao Bay Cigarattes the illegality of the receipts does not mean it shouldnt be included in the gross income . therefore it is included in the gross income definition
Pyott Deposits are revenue in nature, arising in the
ordinary course of trade
Witwatersrand Association of Racing Clubs Once income has accrued, subsequent
disposal thereof is irrelevant
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Lategan even though the receipts received are illegal they are still received and should be included in the gross income
4.accrued to
Peoples store
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The accrual is the face value, not
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