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Rate of tax at which repayments are to be made.
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497.—Any repayment of income tax for any year of assessment to which any person may be entitled in respect of any deduction allowed under sections 138 to 143 shall, save as otherwise provided by this Act, be made at the standard rate of tax for that year:
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Provided that, in the case of any person who proves as regards any year that, by reason of the deductions to which he is entitled, he has no taxable income for that year, any repayment to be made shall be a repayment of the whole amount of the tax paid by him, whether by deduction or otherwise, in respect of his income for that year.
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