EXTRACT OF THE KARNATAKA TAXATION LAWS (AMENDMENT) ACT, 2016

KARNATAKA ACT NO. 5 OF 2016

(First Published in the Karnataka Gazette Extra-ordinary on the thirty first day of March, 2016)

(Received the assent of the Governor on the thirty first day of March, 2016)

An Act further to amend certain taxation laws in force in the State of Karnataka.

Whereas, it is expedient further to amend certain taxation laws for the purposes hereinafter appearing;

Be it enacted by the "Karnataka State Legislature in the Sixty seventh year of the Republic of India, as follows.-

1. Short title and commencement. -

(1) This Act may be called the Karnataka Taxation Laws (Amendment) Act, 2016.

(2) It shall come into force with effect from First day of April 2016.

4. Amendment of Karnataka Act 35 of 1976.- In the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976(Karnataka Act 35 of 1976)

in sub-section (3) of section 5 for the words "within thirty days of the receipt of the application" the words "within three days of the receipt of the application" shall be substituted.

By Order and in the name of the Governor of Karnataka,