Marvin sells computer equipment and is objecting to an assessment received from SARS. During the current year of assessm

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answerhappygod
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Marvin sells computer equipment and is objecting to an assessment received from SARS. During the current year of assessm

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Marvin sells computer equipment and is objecting to anassessment received from SARS. During the current year ofassessment (28 February), Marvin donated second-hand officeequipment to a local radio station. In return, the radiostationagreed to broadcast ‘specials’ that Marvin had on certain computerproducts for the week. SARS taxed the value of the officeequipment donated to the radio station and stated that the donationfell within the definition of gross income. Marvin believesotherwise.YOU ARE REQUIRED:Discuss all the gross income requirements that Marvin should bearin mind when preparing the objection of the assessment.(Assume that Marvin is a resident of the Republic.)
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