Clause 49
Amendment of section 71
of Income Tax (Amendment No. 3) Bill
BillNot in forceProvision 49 of 64
Clause 49
Section 71 of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(3A) The Minister may, by rules made under section 7, exempt any person or class of persons from subsection (3), subject to such conditions as may be specified in the rules.”.