Clause 15
Amendment of section 14D
of Income Tax (Amendment) Bill
BillNot in forceProvision 15 of 50
Clause 15
Section 14D of the principal Act is amended by inserting, immediately after subsection (2), the following subsection:“(2A) Subsection (2) does not apply to any expenditure if a deduction has already been allowed for that expenditure under subsection (1) in a previous year of assessment.”.