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Income Tax Act, 1962 (Act No. 58 of 1962)


Regulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free Investment

Part X : Non-compliance with regulations

21. Non-compliance with regulations


Any financial instrument or policy that does not comply with these regulations is not a tax free investment for the purposes of section 12T of the Income Tax Act.


[Regulation 21 inserted by regulation 12 of Notice No. R. 309, GG 40758, dated 31 March 2017]