32. Amendment of section 118 of the principal enactment

Section 118 of the principal enactment is hereby amended in subsection (1) of that section by the substitution for the words “if the amount of income tax payable by him for any year of assessment” to “in excess of the amount that should have been deducted ”, of the words and figures

“if such remuneration, in full or part, is exempted from income tax for any year of assessment under any provisions of this Act,”.