Clause 50
Amendment of section 93
of Income Tax (Amendment) Bill
BillNot in forceProvision 50 of 57
Clause 50
In the principal Act, in section 93 —
(a)
in subsection (9)(c), after “any year”, insert “before 2025”;
(b)
in subsection (9)(c), delete “or” at the end;
(c)
in subsection (9)(d), after “any year”, insert “before 2024”;
(d)
in subsection (9)(d), replace the full‑stop at the end with “; or”;
(e)
in subsection (9), after paragraph (d), insert —“(e)for any part of the interest period falling on or after 1 April 2024, the rate as prescribed by rules made under section 7.”; and
(f)
after subsection (11), insert —“(12) Rules made under section 7 for the purpose of subsection (9)(e) may prescribe different rates for different parts of the interest period.”.