162 tal-1991
Statutory Text (1 Articles)
L.I'I'. 162 of I'J'I I
INCO I\U; TA X ACT
(CAP. 123)
StO(k (InC(lm~ Tax)
LAI(lI ll)n~ lopnH'nt Kegister'N
EnmpUon Order (No. 5). 1991
BY virtue of the powers vested in him by subsection (3) of section
11 of 'he Income Tax Act, the Minister o f Finance ha s ordered Ih al lhe
first LmSO imerest receivcd 3nnually by a person in hislhcr name in
respect o f the Fourth Iss ue of Lm I ,500,000 6.5 % l..ocal Developm en t
Registered Stock 19961 1997 as notified in Govemment GlUelte 1'ol0.
15.459 of 30th J uly. 1991 (L. N. 119 o f 1991) shall be exempt from the
payment of income lax. In the case o f a ma rried couple, this uemption
shall be npp licable also to Stock held in the na me o f the wife.
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