| Income Tax Act 1947 |
| Income Tax (Exemptions from Notification under Sections 10J(5) and 32A(4)) Rules 2022 |
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| Citation and commencement |
| 1. These Rules are the Income Tax (Exemptions from Notification under Sections 10J(5) and 32A(4)) Rules 2022 and are deemed to have come into operation on 16 November 2021. |
| Exemption of individual from sections 10J(5) and 32A(4) of Act |
| 2. A person who is an individual is exempt from sections 10J(5) and 32A(4) of the Act. |
| Section 10J(5) of Act does not apply to certain donations |
| 3. Section 10J(5) of the Act does not apply in a case where a person appropriates by way of a donation any trading stock that is perishable. |
Permanent Secretary, Ministry of Finance, Singapore. |
| [R032.018.2997.V1; AG/LEGIS/SL/134/2020/65 Vol. 1] |
| (To be presented to Parliament under section 7(2) of the Income Tax Act 1947). |