Clause 29

by deleting the word “to —” in the 9th line of paragraph (c) and substituting the words “to income of a company subject to tax at a lower rate of tax or income of the company subject to tax at a lower rate of tax, as the case may be, shall be read as a reference to such part of the income of the company as is apportioned to the shareholders of the company in accordance with regulations made under section 43C;”; and

by deleting sub-paragraphs (i) and (ii) of paragraph (c).