Supreme Court Act, 1959
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)RegulationsRegulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free InvestmentPart VIII : Transactions not allowed15. Certain transactions not allowed |
A tax free investment may not be utilised as an account—
| (a) | against which debit orders or stop-orders may be debited; |
| (b) | from which payments or withdrawals may be made from any automatic teller machine or any similar device that dispenses cash to an account holder; |
| (c) | from which payments may be made with a debit card or credit card. |
