Deduction rate for other financial corporations now fixed by statute under amended provision, effective from the amendment. Substitution in sub-clause (b) of clause (viii) of subsection (1) of Section 36 fixes the allowable deduction for any other financial corporation at ... Summary
Deduction rate for other financial corporations now fixed by statute under amended provision, effective from the amendment.
Substitution in sub-clause (b) of clause (viii) of subsection (1) of Section 36 fixes the allowable deduction for any other financial corporation at twenty-five per cent, replacing the prior sub-clause language and taking effect from the first day of April, 1978.
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