Aug 1st "Completion letter" now "Assessment received"

  Written by Marc   Posted 13 August 2014

Hi Tim, You have a really good and informative site, that is the best I have ever seen regarding "SARS"...pfft that dreaded name.I received a letter on efilling on 1 August '14 - "Completion letter" and everyone told me I will get the refund money in 2-3 day. Now the status reads "Assessment received". What does this mean??? I changed my banking details and submitted all documents manually and on effiling in July Already.... What shall be the problem or what is...

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Assessment audited, now, "awaiting case selection approval".

  Written by Marc   Posted 13 August 2014

I recently got a completion letter from SARS on my SARS eFiling profile. This was given on the 4th of August 2014. This explained that there had been no adjustments to my previous assessment. I have called SARS for a payment release date and I am told that my assessment is now "waiting case selection approval". This is after having been audited already. Is this a new audit introduced by SARS and if so what is the next step from here?

How do I know the stuff that I have is tax free or is taxable?

  Written by Marc   Posted 13 August 2014

If I purchase products do I get tax deduction?

What does 4001 on IRP5 include/made up of?

  Written by Marc   Posted 13 August 2014

What does 4001 on your IRP5 include? Is it your tax portion for pension or provident fund alone or company as well? My company incl my pension& provident in my CTC even though I pay for it , so the amount in the 4001 on my IRP 5 is shows that I pay 6% for my pension /provident fund , if it CTC what about the company's portion?

I have received a verification letter from SARS?

  Written by Marc   Posted 13 August 2014

I have received a notification that my 2014 SARS verification has been completed and there is no adjustment to be made so I am due my refund. How long dies SARS take to do the refund and do I need to wait for a new ITA34?

Non Taxable Travel Allowanc exceeds maximum permissible. Source Code 3702

  Written by Marc   Posted 12 August 2014

On my IRP5 I have a Source code of 3702 which is for my non-taxable travel allowance. When I submitted my tax return I received a letter from SARS saying that I need to submit relevant documentation because my non taxable travel allowance exceeds maximum permissible. This is not true as my total amount was only R2211 which is clearly less than the permitted 8000km. As I did not keep a log book what relevant documentation do I need to submit? As I understand, since my travel allowance is less tha...

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What is a SARS audit after I have submitted my ITR12?

  Written by Marc   Posted 12 August 2014

i want to know when they say that your return is been audited why it has to be audited and how long will it take

Reducing PAYE each month when paid by my employer?

  Written by Marc   Posted 12 August 2014

I receive a gross amount of R7000 a month from my employer.
Privately I pay medical aid and money to a Retirement annuity.

If I submit proof of this to my employer, can he reduce PAYE payments/deductions from my salary, taking into account these allowable deductions.

If my employer can do this does it then exclude me from having to file a tax return.

How to claim for medical aid that I pay 100% for as a sole member?

  Written by Marc   Posted 12 August 2014

I need help with my SARS claim regarding medical aid. I contribute 100% to the medical aid and I am the only member. I also contribute a pre-funding amount towards medical aid for the company for the purpose of retirement discount. How do I claim for my medical aid and what details and amount do I add?

What is the tax effect of me turning 65 years of age?

  Written by Marc   Posted 11 August 2014

for 2015 tax year ending Feb 2015 , I will be 65 in Dec must I treat my provisional tax return for the mentioned period as if I are already 65 by using rebates and other tax credits for over 65?

Last year there was a refund due to me but I did not receive what shall I do?

  Written by Marc   Posted 10 August 2014

What should I do to receive my last year's refund due to me because I am currently unemployed?

Do I need to submit tax return for rental income (only income apart from maintenance) of R80 000?

  Written by Marc   Posted 10 August 2014

I am divorced, not employed and receive monthly maintenance - which is tax free as far as I know? Only other income from rental (annual total for 2014: R80 000). Do I need to submit a tax return?

Unemployed, still claim for medical aid and RA ?

  Written by Marc   Posted 9 August 2014

Hi TimI have been unemployed this year so have had no income, but have still paid monthly for my medical aid (me and my daughter) and for my RA. Would I be able to claim any tax rebate/refund for the medical aid or RA ?? Thanks Canz

Donations between spouses for tax purposes?

  Written by Marc   Posted 9 August 2014

Are donations to spouses taxable as income in the hands of the receiving spouse but deductible for the donating spouse?

Where is my tax refund from SARS?

  Written by Marc   Posted 9 August 2014

I submitted my tax return by eFiling on the 25th.7.2014 was then asked to submit supporting documents, which I forwarded on the 28th, and I'd have to wait 5 days for a response. after 7 days, I called into the call centre again. I was informed the submitting documents have been received but not captured yet. I was also informed that the documents are going for auditing and this could take 30 days.

Do you get a tax return if I received IRP5/IT3A?

  Written by Marc   Posted 8 August 2014

If I have received employee income tax certificate IRP5/IT3A stating the tax I paid on the first withdrawal, do I claim this tax back in my tax return?

Claim from SARS (tax rebate) for prescription spectacles. not on medical aid?

  Written by Marc   Posted 7 August 2014

Got prescription spectacles from Spec savers. Not on medical aid. Have the account plus receipts. Can I claim on my tax return?

Medical contribution for pensioner

  Written by Marc   Posted 7 August 2014

My siblings and I transfer funds to my mum's bank account monthly to contribute to a Discovery executive medical aid plan which is more than R4000/month; she is the main member. My mum gets a state pension fund which she lives on. She obviously will not submit a tax return. Now, can I claim the portion that I transfer to her account on my tax return. I have a EFT going out monthly from my account.

She is not fully dependent on me but obviously cannot afford a medical aid with a state ...

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Your assessment has been concluded? What does my ITA34 mean?

  Written by Marc   Posted 7 August 2014

Dear j______

Thank you for submitting your income tax return for the 2014 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -8275.65

Does this mean I am owed money?

PAYE as SITE on IRP5

  Written by Marc   Posted 6 August 2014

PAYE is deducted from my salary, on a monthly basis. On my IRP5/Tax return my employer has submitted the total PAYE for the period as SITE. Is this correct?

Can improvement be expensed if they are done specifically for an increased rental?

  Written by Marc   Posted 6 August 2014

I own an investment property. The rental agent has advised me that in I can increase my monthly rental markedly by doing various improvements. Can this be construed then as expenses in the production of income, or must the improvements be capitalized? Ideally I would want to expense at least a portion of the improvements.

How to calculate vehicle depreciation and home office space for tax deductions?

  Written by Marc   Posted 6 August 2014

how to calculate vehicle depreciation and home office space

Received a Reduced Assessment due to provident fund discrepancy

  Written by Marc   Posted 6 August 2014

Help, I just received a REDUCED ASSESSMENT ITA34 from SARS. I submitted my tax return but at that time for tax period 2013/2014 I hadn't received a small portion I cashed from my company provident fund to settle study debt when I left me previous company on the 28th Feb 2014.

My original assessment indicated I was due -R9,460.29, the latest assessment indicates that I'm only due -R0.19. Reason for the Reduced Assessment is "Income no declared".

The Provident Fun withdrawal amount was R137,769, I withdrew R32,152.29...

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I want to know my tax refund?

  Written by Marc   Posted 6 August 2014

I want to know my tax refund

As a salaried employee can I claim my cellphone expenditure as I only get a R500 allowance?

  Written by Marc   Posted 6 August 2014

As a salaried employee can I claim my cellphone expenditure as I only get a R500 allowance?
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