Section 43 - Amendment of section 4 - Finance Act, 1983

Interest-tax 43. Amendment of section 4 In section 4 of the Interest-tax Act, 1974 (45 of 1974), the following proviso shall be inserted at the end, namely :- Provided that the rate at which interest-tax shall be charged in respect of any chargeable interest accruing or arising after the 31st day of March, 1983 shall be three and a half per cent. Of such chargeable interest. .