SARS E-Filing 2016

[Ho3n3r]

Anything with a receipt dated before 28 Feb, you include with this year's return. Anything from 1 March 2016, you keep for next year's return.

And February 29?

 

[Ho3n3r]

You're likely already flagged now.

I did it last year, entered a few medical expense values as I tried to see how much I needed it to be(even up to 50k) to change my return (nothing did). I wasn't audited. In my company's experience, it's totally random.

 

[Ho3n3r]

Hmmmm... how do I hide this from ze wife? :twisted:

Buy a 1080 and hide it inside your PC box. :twisted:

 

[DarkImpact]

Does anyone know how/ where to include gains/ losses of diposal of listed shares? I see the relevant codes are 6506 and 6507 but now where can I add these items? This was speculative in nature and therefore not a CGT event. I have the IT3(c) certificate for these deductions and I cannot see any glaringly obvious unticked tick boxes for this type gains/ losses.

Side note: I also did my tax on the 1 July last year and everything went smoothly. This year the site seems to be a lot more unresponsive and takes a long time to load the return.

1st attempt at phoning call centre was unsuccessful. Consultant keeps on telling me to include it under the captial gains/ loss section. Could not seem to grasp that this is not a CGT event and that is should be income in nature. How do you get someone competent on the phone?

 

[R13...]

Is there a threshold on how much in "expenses not covered by medical aid" before it is allowed as a deduction? I have about R2K in such but see the amount isn't part of the deductions unless it is included in my employer submission?

 

[AchmatK]

Is there a threshold on how much in "expenses not covered by medical aid" before it is allowed as a deduction? I have about R2K in such but see the amount isn't part of the deductions unless it is included in my employer submission?

Calculations on page 26 of the tax guide http://www.sars.gov.za/AllDocs/OpsD... credits and allowances - External Guide.pdf

 

[R13...]

Thanks.

I see that you need to look at the IT34A to see the full calculation

 

[gjm]

I'm not sure how to fill in the Tax Free Investment section.
Would capital gains/losses only be applicable if I sold shares?
How do I calculate the net return on investment (profit/loss)?

 

[FlashSA]

And February 29?

Too long ago to recall that it was a leap year ;-)

 

[senyetse]

Getting just short of R20 k this year. Should be in my account tomorrow.

 

[Lupus]

Getting just short of R20 k this year. Should be in my account tomorrow.

You hope

 

[Pogoct]

I was so bummed when i never received a SMS this morning from FNB LOL...
Oh well tomorrow morning may bring some happy news.

 

[iFan]

I filed 2 July in the morning. With fnb, nothing yet.

 

[saturnz]

wow I'm seriously impressed, my audit completed and assessment unchanged

previous audits took 3 months

 

[Heisenborg]

Am i the only one paying in

 

[Noseworthy]

Done. 14543 back

 

[supersunbird]

Am i the only one paying in

It's not our fault you made so much Capital Gains Tax selling assets at a big profit or was so successful in trading shares and that you didn't contribute to an RA...

 

[Mike Hoxbig]

Am i the only one paying in

So far it seems like it!

edit: maybe not, Airwolf owes 3c

 

[natasha23]

How do you know that your audit as been completed?...what has your sars status changed too?

 

[Pogoct]

They send you a letter to confirm whether or not your assessment has changed or not - did you receive such a letter?