Finance Act, 1972

THIRD SCHEDULE

Amendment of Enactments

Section 12 .

Number and Year

Short Title

Amendment

(1)

(2)

(3)

No. 12 of 1942

Taxes and Duties (Special Circumstances) Act, 1942.

In section 3 (1), “varying the rate of income tax or the rates of sur-tax” shall be substituted for “imposing income tax and sur-tax”.

In section 6—

(i) “charged at an increased rate” shall be substituted for “imposed” where it firstly occurs;

(ii) “so charged” shall be substituted for “so imposed”;

(iii) “an Act increasing the rate of tax” shall be substituted in paragraph (a) for “the Act imposing the tax”;

(iv) “so increasing the rate of tax” shall be substituted in paragraph (a) for “so imposing the tax”;

(v) “increasing the rate of tax” shall be substituted in paragraph (b) for “imposing tax”.

No. 6 of 1967

Income Tax Act, 1967.

In section 1 (1), in the definition of “year of assessment”, “a year” shall be substituted for “the year”.

In section 8 (1), “an Act increasing the rate of tax” shall be substituted for “the Act imposing the tax”, and “the increased rate of tax” shall be substituted for “the rate ultimately imposed”.

In section 8 (2) “an Act increasing the rate of tax” shall be substituted for “the Act imposing the tax”; “so increasing the rate of tax” shall be substituted for “so imposing the tax” and “increasing the rate of tax” shall be substituted for “imposing tax”.