Income Tax Act, 1962 (Act 58 of 1962)
Regulations issued under Section 91A of the Income Tax Act, 1962
Part 1: General Provisions
The basic principle in law is that it is the duty of the Commissioner to assess and collect all tax debts according to the laws administered by or assigned to the Commissioner and not to forgo any such tax debts.
Circumstances may, however, require that the strictness and rigidity of the basic principle be tempered where it would be to the best advantage of the State.
The purpose of these regulations is to prescribe the circumstances under which the basic rule may be tempered and where the Commissioner may take a decision to write off a tax debt on a temporary or permanent basis.
Best Selling Products