The State Law and Order Restoration
Council The
Law Amending the Income-tax
Law
(The State Law and Order Restoration
Council Law No. 6/91)
The 1st Waning Day of Hnaung
Tagii, 1352 M.E.
(30th March, 1991)
The State
Law and Order Restoration
Council hereby enacts the
following
Law:
1. This Law’ shall be
called the Law Amending Income-tax
Law.
2. The provision
of this Law shall come into
force commencing from the
assessment year 1991-92.
3. In section
6 of the Income-tax Law the
following sub-section shall
be inserted as sub-section
(c):
(c) donations
made to any religious or charitable
organization sponsored by
the different levels of the
State Organization or recognized
by the Minister for the Ministry
of Planning and Finance by
notification for the purpose
of this sub-section or any
fund relating to such purposes.
Such deducted amount shall
not exceed twenty five per
cent of the total income of
the assessee. Explanation.
Charity includes contributions
for public benefit such as
education. health relief and
welfare of the poor and needy.
4. Section
20 of’ the Income-tax
Law shall be substituted by
the following sections: -
20. If
there is loss in any source
of the income during the assessment
year, such amount shall be
deducted from the income accruing
from the remaining sources
in that year. If the total
loss is not covered by such
deduction, deductions shall
be allowed for three consecutive
years. Provided that, this
section shall not apply to
the following:
(a) loss from the capital
assets;
(b) share of loss from any
association of persons.
Sd./
Saw Maung
Senior General
Chairman
The State Law and Order Restoration
Council
