Ch 183 2026

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Section 183 of the Motor Vehicle Act refers to the punishment and penalties imposed on offenders found guilty of overspeeding in the country. Overspeeding is a cause of big concern as it can lead to accidents and damage to property and/or life. Guilty parties may need to pay a fine and can also face a prison term.
183), sometimes referred to as the hobby loss rule, limits the losses that can be deducted from income which are attributable to hobbies and other not-for-profit activities. Generally, losses which occur in for-profit activities are not limited and can be used to offset other income from other activities.
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