The taxable portion of interest received by a 75- year-old resident of the Republic from a South African source that is not tax free investment is R34 500. Select one: True False
The taxable portion of interest received by a 75- year-old resident of the Republic from a South African source that is not tax free investment is R34 500. Select one: True False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The taxable portion of interest received by a 75-
year-old resident of the Republic from a South
African source that is not tax free investment is
R34 500.
Select one:
True
False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf8e7703-fa96-4309-b618-68fe0607042d%2F0b632a57-e312-4166-9441-3e34a39503fc%2Fiorsyoh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The taxable portion of interest received by a 75-
year-old resident of the Republic from a South
African source that is not tax free investment is
R34 500.
Select one:
True
False
![Section 9 of the income tax act deals with interest
that is received by or accrued to a taxpayer from a
source within the republic of SA, where such
interest was derived from the utilization or
application in the Republic by any person of any
funds or credit obtained in terms of any form of
interest-bearing arrangement.
Select one:
True
False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf8e7703-fa96-4309-b618-68fe0607042d%2F0b632a57-e312-4166-9441-3e34a39503fc%2Fzkrrmb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Section 9 of the income tax act deals with interest
that is received by or accrued to a taxpayer from a
source within the republic of SA, where such
interest was derived from the utilization or
application in the Republic by any person of any
funds or credit obtained in terms of any form of
interest-bearing arrangement.
Select one:
True
False
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