Income Tax Act, 1962 (Act No. 58 of 1962)

Notices

Purchase

(1)	No deduction or allowance shall be allowed in respect of any expenses or costs incurred in respect of amounts which are in terms of this Schedule not subject to tax.

(2)	If any cost or expense is incurred in respect of both amounts contemplated in subparagraph (1) and amounts which are subject to tax, that cost or expense must be allocated proportionately to those amounts for purposes of determining the deductible portion of that cost or expense.