Finance Act, 1981

Amendment of section 198 (apportionment in cases of separate assessments) of Income Tax Act, 1967.

5.Section 198 (1) of the Income Tax Act, 1967 (inserted by the Finance Act, 1980 ) is hereby amended by the insertion, after paragraph (a), of the following paragraph:

“(aa) any reduction of income tax which falls to be made under section 1 (1) (b) or 2 (3) of the Finance Act, 1980 , shall be allocated to the husband and the wife in proportion to the amounts of income tax which, but for the said section 1 (1) (b) or 2 (3), would have been payable by the husband 5 and by the wife,”.