34. Amendment of section 202 of the principal enactment

Section 202 of the principal enactment is hereby amended by the insertion immediately after subsection (2)

of that section, of the following new subsection: -

“(2A) For the avoidance of doubt, it is hereby declared that subsection (2) shall not apply –

to the deduction of any amount under this Act if such amount has been deducted under section 32, section 33, or section 34 of the repealed Act for any year of assessment prior to April 1, 2018, notwithstanding that any un-deducted balance of such deduction under the repealed Act remains as at

to any claim of notional tax credit under section 137 or section 138 of the repealed Act, or any other tax credit granted under the repealed Act for any year of assessment commencing on or after April 1, 2018; and

to the application of any tax rate or tax exemption under the repealed Act for any year of assessment commencing on or after April 1, 2018.”.