Written by Marc
Posted 7 August 2014
My siblings and I transfer funds to my mum's bank account monthly to contribute to a Discovery executive medical aid plan which is more than R4000/month; she is the main member. My mum gets a state pension fund which she lives on. She obviously will not submit a tax return. Now, can I claim the portion that I transfer to her account on my tax return. I have a EFT going out monthly from my account.
She is not fully dependent on me but obviously cannot afford a medical aid with a state ...
Written by Marc
Posted 7 August 2014
Written by Marc
Posted 6 August 2014
Written by Marc
Posted 6 August 2014
Written by Marc
Posted 6 August 2014
Written by Marc
Posted 6 August 2014
Help, I just received a REDUCED ASSESSMENT ITA34 from SARS. I submitted my tax return but at that time for tax period 2013/2014 I hadn't received a small portion I cashed from my company provident fund to settle study debt when I left me previous company on the 28th Feb 2014.
My original assessment indicated I was due -R9,460.29, the latest assessment indicates that I'm only due -R0.19. Reason for the Reduced Assessment is "Income no declared".
The Provident Fun withdrawal amount was R137,769, I withdrew R32,152.29...
Written by Marc
Posted 6 August 2014
Written by Marc
Posted 6 August 2014
Written by Marc
Posted 5 August 2014
On 2012 I did my eFiling and my return was R-1478.05 this year 2014 I received Notice issued on SARS for ITA34 for 2012/1
Thank you for submitting your income tax return for the 2012 year of assessment.Your assessment has been concluded and reflects an amount refundable to you of R-1478.05
please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any othre balances on your account.The current balance on your ...
Written by Marc
Posted 5 August 2014
Yesterday 04 August 2014, SARS informed me, for the First Time, that there is a reoccurring penalty against me from 2007 - 2008. I resigned from my job as we were moving, so I only worked 2 months for that tax year earning only R9000.00 in total for the year.
I started to work again in 2011 and did my TAX returns, at that point SARS told me there where no outstanding penalties.
I have no proof of anything as legally I must keep papers for 5 years, thereafter I dispose of them.
Written by Marc
Posted 4 August 2014
Written by Marc
Posted 4 August 2014
Written by Marc
Posted 4 August 2014
Written by Marc
Posted 4 August 2014
Written by Marc
Posted 4 August 2014
I own a second property which is an apartment in a small block of flats. My in-laws are the tenants so I don't charge rent. However, they do pay the monthly levies for the apartment.
Since I don't charge rent, would the monthly levies that they pay be seen as an income to me from the apartment? (As the owner of the property, I would normally have to pay this). Expenses that I incur on the property are rates & taxes, bond interest and insurance. These expenses exceed the monthly levies....
Written by Marc
Posted 4 August 2014
Written by Marc
Posted 3 August 2014
Written by Marc
Posted 2 August 2014
Written by Marc
Posted 1 August 2014
Written by Marc
Posted 1 August 2014
Written by Marc
Posted 1 August 2014
Written by Marc
Posted 1 August 2014
Written by Marc
Posted 1 August 2014
I filed my return and was selected for audit/verification due to the fact that my employer hadn't yet submitted our IRP5's to SARS. I sent through all my supporting documents and waiting for response. I then received a completion letter 15 days later, along with my SOA indicating my refund amount. Further wait of a week, I now have received a second letter requesting supporting documents again? I phoned the contact centre and they advised that I was selected for a second verification and needed ...
Written by Marc
Posted 31 July 2014
Written by Marc
Posted 31 July 2014
Do Your Tax Return Easily