Singapore legislation

Clause 20

of Income Tax (Amendment) Bill

Clause 20

Amendment of section 72A

Section 72A of the principal Act is amended by deleting subsection (3) and substituting the following subsection:“(3) The Comptroller may, if he thinks fit, at any time during any year make an assessment in respect of the income derived by any person carrying on or exercising any trade, business, profession or vocation up to that year.”.