An ita34 also sometimes known as an IT34 is the SARS income tax assessment issued immediately after you have submitted your income tax return to SARS. In essence, it is a summary of your Annual Income, Expenditure, Assets as well as Liabilities.
The banks prefer an IT34 as opposed to Financial Statements because essentially, an IT34 is a simplified version of your financial statements. Furthermore, the banks trust the financial figures given on the ITA34 more than the financial statements because they know that they are not overstated
