(Tax) Jake is employed by an advertised company. On 31 March 2013 - TopicsExpress



          

(Tax) Jake is employed by an advertised company. On 31 March 2013 Jake purchased a laptop for R9000. In terms of his employment contract, he is required to purchase a laptop that he will use for business. Discuss whether, in terms of the general deduction formula, Jake will be allowed to deduct the cost of the laptop when calculating his taxable income for 2014 year of assessment. Assume that the following requirements are met during the year of assessment: - Trade purposes, - Expenditure and Losses, -In cash or otherwise.. Im struggling a bit with question. Please help.
Posted on: Mon, 15 Sep 2014 12:35:29 +0000

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