Tax schedule amendment: substitution adds coal and lignite to the listed minerals, effective retrospectively to the fiscal date. Amendment of the Fifth Schedule to the Income tax Act substitutes the item (3) description so that "Iron ore" is replaced by "Coal, lignite, iron ore", ... Summary
Tax schedule amendment: substitution adds coal and lignite to the listed minerals, effective retrospectively to the fiscal date.
Amendment of the Fifth Schedule to the Income tax Act substitutes the item (3) description so that "Iron ore" is replaced by "Coal, lignite, iron ore", and the substitution is deemed effective from 1 April 1965, expanding the schedule's commodity classification to include coal and lignite in addition to iron ore.
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