Clause 40
New section 107
of Income Tax (Amendment No. 2) Bill
BillNot in forceProvision 40 of 43
Clause 40
The principal Act is amended by inserting, immediately after section 106, the following section:“Consequential provision arising from abolition of imputation system
107. The following provisions shall cease to have effect from 1st January 2008:
(a)
sections 13(14), 13A(6), 13B, 13D, 13E, 13H(9) to (14), 13I, 13K, 13S(10) to (16) and 14B(7)(b), (8) and (9); and
(b)
paragraphs (i) (in relation to paragraph (b)) and (ii) of sections 13A(8), 13H(16), 13S(18) and 14B(10).”.