In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Income Tax Act 1947 · 2020 Revised Edition · Part 10 · Ascertainment of Chargeable Income and Personal Reliefs
39A. Limit on total deduction under section 39
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Last amended by an amending law of 2016.
Despite anything in section 39 or the Fifth Schedule, for the year of assessment 2018 and every subsequent year of assessment, the total amount of all deductions allowable to any individual under section 39 must not exceed $80,000 for that year of assessment.
year of assessment
Defined · s 2
“year of assessment” means the period of 12 months commencing on 1 January 1948, and each subsequent period of 12 months.