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Income Tax Act, 1962 (Act 58 of 1962)

Notices

2012 Notices

Notice in terms of Section 10(1)(Y) of the Income Tax Act, 1962 (Act No. 58 of 1962)

 

 

Notice No. R. 538

13 July 2012

 

National Treasury

 

I, Pravin Jamnadas Gordhan, Minister of Finance, hereby give notice that any grant received by or accrued to a person by virtue of the clothing and textile competitiveness program administered by the Department of Trade and Industry shall be exempt from normal tax with effect from 1 April 2009 under section 10(1)(y) of the Income Tax Act, 1962 (Act No. 58 of 1962).

 

 

P. J. GORDHAN

MINISTER OF FINANCE