Finance Act, 2001

Amendment of section 1002 (deduction from payments due to defaulters of amounts due in relation to tax) of Principal Act.

238.—Section 1002 of the Principal Act is amended, in paragraph (a) of subsection (3), by the substitution for “one month” of “14 days”, and the said paragraph (a), as so amended, is set out in the Table to this section.

TABLE

(a) a period of 14 days has expired from the date on which such default commenced, and