Mr Makubu is a South African resident who owns a panel beating (motor vehicle repair) business, His-Way
Fantastic news! We've located the answer you've been seeking!
WHAT IS REQUIRED OF YOU: With reference to relevant authorities, answer the following questions for the 2022/2023 year of assessment:
(a) Explain whether Mr. Naidoo should include both amounts of R10 000 and the balance of R30 000 in his gross income for the 2022/2023 year of assessment.
(b) Does the lump sum payment received in respect of the termination of services form part of Mr. Sithole's gross income?
(c) Does any payment received in respect of a restraint of trade form part of Mr. Sithole's gross income?