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 of 2017]