Income Tax (Tin Buffer Stock Contributions and Repayments) Act 1974 s 3
Income Tax (Tin Buffer Stock Contributions and Repayments) Act 1974 s 3
s 3 Election as to treatment for tax purposes, of contributions
(1) A contributor may by notice in writing to the Director General elect that contributions paid by him in respect of tin concentrates sold by him in the course of the carrying on of a business of his which includes the working of a mine shall be allowed as a deduction in ascertaining his income from that business for income tax purposes.
(2) An election under this section shall not be valid if made after 31 December 1974.
(3) An election under this section shall not be revocable.
Malay text (authoritative)
Pilihan mengenai pengiraan caruman bagi maksud cukai
(1) Seseorang pencarum boleh dengan notis secara bertulis kepada Ketua Pengarah memilih supaya caruman yang dibayar olehnya mengenai bijih padat timah yang dijual olehnya dalam menjalankan sesuatu perniagaannya yang termasuklah mengerjakan sesuatu lombong supaya dibenarkan sebagai suatu potongan bagi menentukan pendapatannya daripada perniagaan itu bagi maksud cukai pendapatan.
(2) Sesuatu pilihan di bawah seksyen ini tidak sah jika dibuat selepas 31 Disember 1974.
(3) Sesuatu pilihan di bawah seksyen ini tidak boleh dibatalkan.
Cukai Pendapatan (Caruman dan Pembayaran Balik Stok Penimbal Timah)
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
