Is Income Tax (Amendment) Bill still in force?

Yes — Income Tax (Amendment) Bill is currently in force.

When did Income Tax (Amendment) Bill take effect?

Income Tax (Amendment) Bill was first recorded in 1970.

How many clauses does Income Tax (Amendment) Bill have?

Income Tax (Amendment) Bill contains 2 clauses.

Where can I read the official version of Income Tax (Amendment) Bill?

The official text of Income Tax (Amendment) Bill is published at sso.agc.gov.sg.

/akn/sg/act/bill/1970/8

Income Tax (Amendment) Bill

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Type: Bill
Status: In force
Enacted: 1970
Sections: 2

Quick answer

About this bill

Income Tax (Amendment) Bill is Singapore Bill, cited as Bill 8 1970, currently marked in force and first recorded in 1970.

Clause 1

Short title and commencement

This Act may be cited as the Income Tax (Amendment) Act, 1970, and shall be deemed to have come into operation on the 1st day of January 1970.

Clause 2

Amendment of section 10

Section 10 of the Income Tax Ordinance is hereby amended by deleting subsection (1A) thereof and substituting therefor the following: —“(1A) For the purposes of paragraph (f) of subsection (1) of this section —

(a)

the expression “any other profits arising from property” shall be deemed to include the net annual value of property used by or on behalf of the owner for residential purposes and not for the purposes of gain or profit; and

(b)

the expression “net annual value” in relation to any property means the annual value of such property less the expenses of repair, insurance, interest, maintenance or upkeep and all public rates and taxes paid thereon:Provided that in respect of any one property which is occupied for residential purposes by the owner thereof —

(i)

the net annual value of such property; or

(ii)

an amount equal to such sum as the Minister may, by order published in the Gazette, specify,whichever is the less, shall not be deemed to be profits arising from property.”.

Common questions

What is Income Tax (Amendment) Bill?: Income Tax (Amendment) Bill is Singapore Bill, cited as Bill 8 1970, currently marked in force and first recorded in 1970.
Is Income Tax (Amendment) Bill still in force?: Yes — Income Tax (Amendment) Bill is currently in force.
When did Income Tax (Amendment) Bill take effect?: Income Tax (Amendment) Bill was first recorded in 1970.
How many clauses does Income Tax (Amendment) Bill have?: Income Tax (Amendment) Bill contains 2 clauses.
Where can I read the official version of Income Tax (Amendment) Bill?: The official text of Income Tax (Amendment) Bill is published at sso.agc.gov.sg.