Clause 25
Amendment of section 50A
of Income Tax (Amendment) Bill
BillNot in forceProvision 25 of 28
Clause 25
Section 50A of the principal Act is amended by inserting, immediately after subsection (6), the following subsection:“(7) The Minister may in any particular case waive the requirement of 25% share ownership referred to in subsections (3) and (4).”.