Does a dormant cc count in generating my personal ITR12?
By Marc Sevitz · Updated
If I am a member of a close corporation that has ceased trading (I receive no income from the cc) prior to the year of assessment, should I still enter "Y" in my personal ITR12 (in which case a "Statement of Local Assets and Liabilities" section is added to the form. Or can I enter "N"?
You can enter N in that case.