Clause 27
Consequential amendments to Income Tax Act
of Commodity Trading (Amendment) Bill
BillNot in forceProvision 27 of 29
Clause 27
Section 43K of the Income Tax Act (Cap. 134) is amended ––
(a)
by deleting the words “a prescribed Commodity Futures Exchange” in subsection (1) and substituting the words “the Corporation known as the Singapore Commodity Exchange Ltd or any other prescribed exchange”;
(b)
by deleting the words “the prescribed Commodity Futures Exchange” in subsection (1)(b) and substituting the words “the Singapore Commodity Exchange Ltd or the prescribed exchange”;
(c)
by deleting subsection (2); and
(d)
by deleting the words “commodity futures exchange” in the section heading and substituting the words “Singapore Commodity Exchange Ltd, etc.”.