Finance Act, 1965

Amendment of Rule 7 (1) of Miscellaneous Rules applicable to Schedule D.

7.—(1) Paragraph (1) of Rule 7 of the Miscellaneous Rules applicable to Schedule D is hereby amended—

(i) by the substitution in subparagraph (a) of “body of persons not resident in the State” for “foreign or colonial company, society, adventure, or concern; or”, and

(ii) by the deletion of subparagraph (b).

(2) The said paragraph (1) shall not extend to any payment to which Rule 19 or Rule 21 of the General Rules applies.

(3) Any reference in any provision of the Income Tax Acts to the said Rule 7 shall be construed as a reference to the said Rule 7 as amended by the foregoing subsections of this section.

(4) Subsection (1) of section 10 of the Finance Act, 1923 , is hereby amended by the substitution therein of “body of persons not resident in the State” for “foreign company, society, adventure or concern”.

(5) Subsection (1) of section 6 of the Finance Act, 1924 , is hereby amended by the substitution therein of “body of persons not resident in the State” for “foreign company, society, adventure, or concern”.

(6) This, section shall have effect as on and from the 11th day of May, 1965.