Clause 7
Amendment of section 18
of Income Tax (Amendment No. 2) Bill
BillNot in forceProvision 7 of 20
Clause 7
Section 18 of the principal Act is amended —
(a)
by deleting the comma after the word “Minister” at the end of paragraph (h) of subsection (1) and substituting the word “; or”; and
(b)
by inserting, immediately after paragraph (h) of subsection (1), the following paragraph: —“(i)by a research and development organisation in carrying out research and development activities,”.