Wealth-tax amendment revises clause numbering in section eleven, with retrospective effect to an earlier fiscal period. The Wealth-tax Act amendment substitutes the bracketed figure in section 11(2)(b), replacing the previously cited figure with a new one, and declares this ... Summary
Wealth-tax amendment revises clause numbering in section eleven, with retrospective effect to an earlier fiscal period.
The Wealth-tax Act amendment substitutes the bracketed figure in section 11(2)(b), replacing the previously cited figure with a new one, and declares this substitution to be deemed effective retrospectively from the specified earlier commencement date. The amendment is limited to renumbering/substitution within that subsection and applies for all purposes from the stated retrospective effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.