Monetary threshold adjustment in income-tax law raises specified limit and takes effect from the prescribed commencement date. The amendment effects a textual substitution in subsection (2) of section 48: the prior monetary amount is replaced by a higher monetary amount throughout ... Summary
Monetary threshold adjustment in income-tax law raises specified limit and takes effect from the prescribed commencement date.
The amendment effects a textual substitution in subsection (2) of section 48: the prior monetary amount is replaced by a higher monetary amount throughout that sub section, and this change takes effect from the prescribed commencement date of 1 April 1992.
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