Clause 1

This Act may be cited as the Income Tax (Amendment) Act 2006.(2) Section 2(g) shall be deemed to have come into operation on 10th December 2002.(3) Sections 3(b) and (c), 21 (in relation to section 34A) and 26(f), (g), (h) and (j) shall be deemed to have come into operation on 1st January 2005.(4) Section 9 shall be deemed to have come into operation on 18th February 2005.(5) Sections 3(d) and (e), 13, 14, 15, 18, 26(a) and 29 shall be deemed to have come into operation on 1st January 2006.(6) Sections 2(k), 6(a), (e) (in relation to section 13(1)(zi)) and (h), 8, 10 (in relation to sections 13Q and 13R), 16(a), 17, 21 (in relation to section 34B), 28, 31, 32, 34, 35 (in relation to section 43V), 36 and 44(f) (in relation to section 43V) shall be deemed to have come into operation on 17th February 2006.(7) Sections 2(a) to (f) (except in relation to the addition of “19A” in the definition of “A” under section 10(4)(a) for the purpose of section 13A), 10 (in relation to section 13S), 35 (in relation to section 43W) and 44(f) (in relation to section 43W) shall be deemed to have come into operation on 1st March 2006.(8) Sections 2(h), (i) and (j) and 23 shall be deemed to have come into operation on 1st April 2006.(9) Sections 33 and 44(a) and (e) shall be deemed to have come into operation on 1st November 2006.(10) Sections 6(e) (in relation to section 13(1)(zj)) and (i), 19(b) (except in relation to subsections (6) and (8)(d)), (c), (d), (e) (except in relation to subsections (3)(d) and (8)(d)), (f) and (l) (in relation to the definition of “insurer”) and 30(d)), (e) and (f) shall have effect for the year of assessment 2005 and subsequent years of assessment.(11) Section 19(b) (in relation to subsections (6) and (8)(d)) and (e) (in relation to subsections (3)(d) and (8)(d)) shall have effect for the year of assessment 2005.(12) Sections 6(f) and 19(a), (g) to (k), (l) (except in relation to the definition of “insurer”) and (m) to (p) shall have effect for the year of assessment 2006 and subsequent years of assessment.(13) Sections 2(b) (in relation to the addition of “19A” in the definition of “A” under section 10(4)(a) for the purpose of section 13A), 7, 11 (except in relation to section 14P(8)), 24, 25, 26(b), (c), (d), (e), (i) and (k) and 43 shall have effect for the year of assessment 2007 and subsequent years of assessment.(14) Sections 5 (except in relation to the addition of the words “or professional” to section 11(2) to apply that provision to professional associations), 10 (in relation to section 13T), 22 (in relation to section 35(16)(b)), 27, 30(a) (in relation to section 43(2A)(b)), 35 (in relation to section 43X), 38 and 44(f) (in relation to section 43X) shall have effect for the year of assessment 2008 and subsequent years of assessment.