Definition of income expanded to include sums referred to in section 56(2)(v), altering clause (24) of section 2. Amendment expands the statutory definition of income by inserting a new sub clause into clause (24) of section 2 to include any sum referred to in clause (v) of sub section (2) of section 56, thereby bringing the receipts identified by the referenced provision within the Act's definition of income; the insertion operates prospectively as enacted by the Finance Act.
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Definition of income expanded to include sums referred to in section 56(2)(v), altering clause (24) of section 2.
Amendment expands the statutory definition of income by inserting a new sub clause into clause (24) of section 2 to include any sum referred to in clause (v) of sub section (2) of section 56, thereby bringing the receipts identified by the referenced provision within the Act's definition of income; the insertion operates prospectively as enacted by the Finance Act.
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