Q: My client
completed his own ITR12 for 2014 and declared interest of R400 000, but the
R400 000 is actually SA dividends that he received. He was assessed in November
2014. Please indicate the procedure that I need to follow to correct his
A: You can actually submit a corrected return where
you’ll be able to fix this error.
Disclaimer: Nothing in this query and answer should be construed as
constituting tax advice or a tax opinion. An expert should be consulted for
advice based on the facts and circumstances of each transaction/case. Even
though great care has been taken to ensure the accuracy of the answer, SAIT do
not accept any responsibility for consequences of decisions taken based on this
query and answer. It remains your own responsibility to consult the relevant
primary resources when taking a decision.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.