- Income Tax Act (58/1962): Determination of interest rate for purposes of paragraph (a) of the definition of “official rate of interest” in paragraph 1 of the Seventh Schedule to the Act (Gazette No. 33597 – Notice 866)1.23 MB
By virtue of the power invested in him by paragraph (a) of the definition of "official rate of interest" in paragraph 1 of the Seventh Schedule to the Income Tax Act, 1962 (Act No. 58 of 1962), Pravin Jamnadas Gordhan, Minister of Finance, hereby fix the rate of interest contemplated in paragraph (a) of that definition at 7 per cent with effect from 1 October 2010.
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