Clause 16
Consequential amendment to Income Tax Act
of Economic Expansion Incentives (Relief from Income Tax) (Amendment No. 2) Bill
BillNot in forceProvision 16 of 16
Clause 16
Section 37C(19) of the Income Tax Act (Cap. 134) is amended by deleting the word “technopreneur” in paragraph (e) of the definition of “claimant company” or “transferor company”.