§ Section two hundred and eleven, Subsection (2) of the Income Tax Act, 1918, which provides that a person liable to pay any rent, interest, or annuity, or to make other annual payment, who has not made a sufficient deduction of Income Tax, may make up the deficiency on the occasion of the next payment, shall apply equally in the case of dividends paid by limited liability companies.
§ In the event of there being no distribution on the date upon which the next dividend would normally have become due, the adjustment shall, nevertheless, be made on that date.
§ The Section shall be extended to enable such person or company in like manner to adjust any excess of deduction.
§ The CHAIRMAN (Mr. James Hope)This new Clause, would, in certain circumstances, involve a charge, and is, therefore, out of order.