• Some thoughts on the meaning of expenditure in the Income Tax Act 

      Jansen van Rensburg, E. C. (Juta Law, 2013-01)
      In calculating a taxpayer’s taxable income under the Income Tax Act 58 of 1962 (“the act”), a deduction of his “expenditure … actually incurred” is allowed against the taxpayer’s income. The meaning of the word “expenditure” ...