Finance Act, 1963
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Amendment of section 13 of Finance (Miscellaneous Provisions) Act, 1956. |
39.—Subsection (10) of section 13 of the Finance (Miscellaneous Provisions) Act, 1956 , shall apply to any accounting period or part of an accounting period of the company within the period of five years commencing on the 1st day of October, 1961, as if— | |
(a) “accounting period”, wherever occurring in that subsection, referred to it, and | ||
(b) for “reduced by twenty-five per cent.” in paragraph (a) of the said subsection (10) there were substituted— | ||
(i) in case it is an accounting period or part of an accounting period within the first of those years, “reduced by twenty per cent.”, | ||
(ii) in case it is an accounting period or part of an accounting period within the second of those years, “reduced by fifteen per cent.”, | ||
(iii) in case it is an accounting period or part of an accounting period within the third of those years, “reduced by ten per cent.”, | ||
(iv) in case it is an accounting period or part of an accounting period within the fourth and fifth of those years, “reduced by five per cent.”. |