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addition to any tax otherwise payable by him under this Ordinance,
Where any such person fails to make a deduction which he is required
to make under this section he shall nevertheless be deemed to have
31.
the deductions
Any person who deducts Interest Tax in accordance with the
provisions of section 30 shall, at the request of the recipient,
issue to him a Certificate in the prescribed from showing
(1) the gross amount of the payment;
(ii) the amount of tax deducted;
(iii) the net amount paid or credited;
(iv) theperiod of accrual.
32. (1) Where the profits of any person which are liable to tax under
the provisions of sections 15 and 16 include any sum from which
deduction has been made in accordance with section 30, ha shall be
entitled, on production of a Certificate issued in accordance with
31 section 32, to a set off against the tax payable by him under the
provisions of Chapter IV of the amount of the deduction shown on such
Certificate: Provided that if the amount of the deduction should
exceed the amount of Profits Tax, the excess shall be refunded in
80
accordance with section Ske
(2) Where for any year of assessment a person is assessed te
Profits Tax under the provisions of section 28-), the Commissioner
may in addition to the relief due under paragraph (1) of this
section grant such further relief as he may decide to be reasonable.
(3) The aggregate relief granted under this section in respect
of any mım deducted by way of Interest Tax shall in no circumstances
exceed the amount of such deduction.
33.
Any person who has been deemed to have made a deduction fr
interest payable to another person under the provisions of section
31, may retaim out of any assets of such other person coming inte
his possession or control, so much thereof as shall be sufficient to
produce the amount of such deduction, and he shall be and is hereby
indemnified against any person whomsoever in respect of his retention
of such assets; and where no assets of such other persons come into
/his