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Chapter VII
Personal Assessment
4.2. Any individual may, by notice in writing to the
Commissioner elect to be personally assessed on his incone
otherwise separately assessable under Chapters II, III, IV
and V.
Provided that ·
(1) the assesment shall include the whole of his income
arising in or derived from the Colony;
(ii) if the income, or any part thereof, consists of
profits from a trade, profession or business carried on by
any person other than a company, and the individual making
the election is not the sole proprietor, the Commissioner shall
not give effect to the election unless all the other
proprietors elect to be assessed in accordance with the
provisions of this Chapter;
13.
(iii) an election, once made, shall be irrevocable.
(1) In giving effect to an election under the provisions
of this Chapter the Assessor shall make a single assessment
in the sum of the total income, reduced by the following
allowances
(a) An allowance of
(b) An allowance of
dallara
dollars if
at any time during the year preceding the year of assesment
the individual had a wife.
(e) An allowance of
dollars if
had living at any time during the year preceding the year of
assesment an unmarried child who was under the age of
and where he had more than one such child, an allowance
of
dollars and
dollars each for
years,
the third and fourth child.
Provided that -
(1) no such allowance shall be made in respect of
child whose income from any source for the year preceding
the year of assesment exceeded
dollars;
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