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Rory said: 3 February 2016 at 10:03 The SARS auditor is asking for an income statement to explain why I have a lose of R16 000. This I assume was from my car travel expenses. Why are they asking me for this? |
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TaxTim Marc said: 3 February 2016 at 15:59 They want to see a detailed record of your income and expenses to see how you arrive at the R16,000 loss. You can submit an excel spreadsheet to them which includes a description and amount for all of your expenses. |
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Rory said: 3 February 2016 at 16:39 How is my income statement going to be any different from whats on my tax return? This is basically my income statement: Travel 14203 Telephone 1800 Entertainment 216 Income 0 |
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TaxTim Marc said: 4 February 2016 at 15:59 You should submit a break down of the travel expenses and a vehicle logbook. |
