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        F. Acts / Amendment Acts

        Section 44 - Amendment of Act 45 of 1974

        Finance Act, 1981
        INTEREST ACT

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        Increase in prescribed fixed charge under Interest-tax Act raises the statutory specified amount affecting assessment and collection rules. The Finance Act, 1981 amends the Interest-tax Act by substituting the specified amount in section 16(6 with effect from the 1st day of June, 1981), so that the new prescribed sum governs assessments, computation and collection under that subsection from that effective date.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Increase in prescribed fixed charge under Interest-tax Act raises the statutory specified amount affecting assessment and collection rules.

                                The Finance Act, 1981 amends the Interest-tax Act by substituting the specified amount in section 16(6 with effect from the 1st day of June, 1981), so that the new prescribed sum governs assessments, computation and collection under that subsection from that effective date.


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