Section 122DA: Penalty for loss over claimed
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
122DA. Penalty for loss over claimed
(1) Where a person has claimed a loss in excess of the actual loss incurred or brought forward, he shall be liable to a penalty of up to 5 per cent
of the loss overclaimed.
(2) Any penalty charged under subsection (1) shall be offset against the
amount of loss to be carried forward, where applicable.
[S. 122DA inserted by s. 27 (s) of Act 18 of 2016 w.e.f. 7 September 2016.]
Sub-Part D – Returns on Cash Basis for Small Enterprise
[Sub-part D inserted by s. 24 (zb) of Act 9 of 2015 w.e.f. 1 July 2015.]