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 IV : Withdrawal and transfer
8. Payment of amount in relation to withdrawal in respect of tax free investment
Any amount in respect of a tax free investment—
|(a)||that has a maturity date must be payable to an investor by any product provider within thirty two business days; or|
|(b)||other than a tax free investment that has a maturity date must be payable to an investor by any product provider within seven business days,|
after that investor has requested the payment.
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