Finance Act, 1943
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Amendment of section 3 of the Finance Act, 1941. |
2.—(1) Nothing contained in section 3 of the Finance Act, 1941 (No. 14 of 1941), shall authorise the granting of relief under that section to any individual in respect of any year of assessment to such an extent as would reduce the aggregate of the amount of income tax, sur-tax (if any), and external income tax payable by such individual in respect of any part of his income arising in a country to which the said section 3 applies (such aggregate being computed after deduction of any relief to which he may be entitled in the said country) below the amount of income tax and sur-tax (if any) which would be payable by such individual in respect of the said part of his income if that part of his income had arisen in the State. | |
(2) In this section the expression “external income tax” has the same meaning as it has in the said section 3 of the Finance Act, 1941 (No. 14 of 1941). |