161 tal-1991
Statutory Text (1 Articles)
L.N. 161 or 1991
INCOM E TAX ACT
(CA P. 123)
Local ~nlopment R~istu~ SIO(:k (Income Tax)
Extm ptkm Orlkr (No. 4). 199 1
BY vi rtue of the powers vested ill him by subsect ion (3) o f section
11 of t he Income Tax Act. Ihe Minister 01 Finance has o rde red Ihal tile
fi rst LmSO ime resl received annua lly by a person in hislhe r na m~ in
respect o f the Fourth Issue o f UnI ,500,OOO 7% Loca l Development
Registe red Stock 2!XXW2OO1 as IlQlifi ed in Govern me nt Gau!!e No .
15.459 of 30I h J uly. 199 1 ( L.N. 11 8 o f 1991) sha ll be exempt from the
payme nt of income lax , In the case of a married couple, this exe mption
shall lx: applicable al!iO to Swc k held in the name ofl lle wife .
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