Clause 26
Amendment of section 40B
of Income Tax (Amendment No. 3) Bill
BillNot in forceProvision 26 of 64
Clause 26
Section 40B of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(3A) To avoid doubt, for the purpose of subsection (3), section 39A applies to the computation of the tax that would be payable by a resident of Singapore in the circumstances mentioned in that subsection.”.