Singapore legislation

Clause 12

of Income Tax (Amendment) Bill

Clause 12

Amendment of section 51

Section 51 of the principal Act is amended by deleting the words “in respect of the year of assessment 1966 and subsequent years of assessment” in subsection (4) and substituting the words “and on her investment income (that is to say, income other than earned income) if the Comptroller is satisfied that such investment income is attributable to assets and investments acquired by her from her earned income”.