Clause 120 - Amendment of Act 18 of 2005. - FINANCE BILL, 2008

120.     In the Finance Act, 2005,—

(i) in section 95, after sub-section (2), the following sub-section shall be inserted with effect from the 1^st day of April, 2009, namely:—

''(3) Notwithstanding anything contained in sub-section (1), no banking cash transaction tax shall be charged in respect of any taxable banking transaction entered into on or after the 1^st day of April, 2009.";

(ii) the Seventh Schedule shall be amended in the manner specified in the Ninth Schedule.