Interest
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Tax implications of interest deductions

CPD Hours: 0.5

Price: R49.00


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Tax implications of interest deductions

Presenters : Karen van Wyk GTP(SA)

This webinar on demand is part of a series of webinars. Click here to read more


OUTCOMES OF TOPIC
After studying this introduction to debit/credit adjustments for non-taxable/ non-deductible amounts debited/credited to the Income Statement you should be able to:
✓ Recognise why a difference between accounting profit and taxable profit could exist
✓ Define an “expense” for accounting purposes
✓ Explain what is meant by “accrual basis” for accounting
✓ Recognise where in the financial statements of a business expenses are reflected
✓ Explain when debit/credit adjustments relating to non-taxable or non-deductible amounts credited to the Income Statement will be required in the ITR14 Tax Computation
✓ Complete the Tax Computation sections on the ITR14 to reflect debit adjustments relating to non-taxable amounts credited to the Income Statement
✓ Complete the Tax Computation sections on the ITR14 to reflect credit adjustments relating to non-deductible amounts debited to the Income Statement
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