172 tal-1991
Statutory Text (1 Articles)
LN. 172 01' 1991
INCOM E TAX ACT
(C A P. 123)
Local Dtvt lopment Registered Stock (I ncome Tax)
~;JlempliO<l Order (No. 13), 199 1
BY v,nul' of the POWl"TS vested in him by subsection \3) of sectio n
11 of th e Income Tax Act. the Minislcr of Firmnce ha s ordered th at
Ihe first LmSO inte rest received a nnu ally by a person in hislhcr name
in respect of the Sixth luue of Lm 1.000,000 7% Local Deve lopment
Registered Stock 2OOOnOO1 as IlOlified in Gove rn me nt Gazette No.
15,489 of the ISI October, 1991 (L.N. ISO of 199 1) sha ll be exempt
from the payment of income tax. In the case of a ma rried couple. this
exe mption sha ll be applicable also to StOl:k held in l he name o f the wife.
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