Clause 41
Amendment of section 45
of Income Tax (Amendment) Bill
BillNot in forceProvision 41 of 53
Clause 41
Section 45(4) of the principal Act is amended by deleting paragraph (a) and substituting the following paragraph:“(a)by the 15th day of the second month following the month in which the interest from which the tax is to be deducted is paid, a sum equal to 5% of such amount of tax shall be payable; and”.