174 tal-1991
Statutory Text (1 Articles)
I.. N. 174 or 1991
INCOM E TAX ACT
(CAP. 123)
L.oca l o.e,·tloptMftt Rqclst t rtd Stock (11KfHJIe Tu)
F..J:tfJ1ptlon Ordtt- (No. 15). 1991
BY virtue of the powers vested in him by subsection (3) of section
11 of the Incomt Tax Act , tht Min iste r of Finance: has o rde red that
the first LmSO inte rest received annually by a person in his/her name
in respect of the Sixth Issue of Lm2.SOO,OOO 6.5% Local Development
Registered Stock 1996197 as II()t ified in Government Gazelle No. 15,489
o f the 1st Octobe r, 1991 ( L. N. 152 of 1991) shall be exempt from the
payment of income tax. In th e case of a married co uple, this e~empt ion
shall be applicable also to Stock held in the name of the wife.
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