Section 77B

specify the amount or additional amount of chargeable income and the amount of tax or additional tax payable on that chargeable income;

specify the amount of tax payable on the tax which has or would have been wrongly repaid to him;

specify the increased sum ascertained in accordance with subsection (4); or

contain such particulars as may be required by the

Director General.

if the amended return is furnished within a period of sixty days after the due date for the furnishing of the return in accordance with subsection 77(1) or 77A(1), be increased by a sum equal to ten per cent of the amount of such tax or additional tax; or

if the amended return is furnished after the period of sixty days from the due date for the furnishing of the return in accordance with subsection 77(1) or 77A(1)

but not later than six months from that date, be increased by a sum which shall be determined in accordance with the following formula:

B + [(A + B) x 5%]

where A is the amount of such tax payable or additional tax payable; and

B is ten per cent of the amount of such tax payable or additional tax payable, and the amount of the increased sum shall constitute part of the amount of tax or additional tax payable under subsection (1).

Finance 19

a return for a year of assessment has been furnished in accordance with subsection 77(1) or 77A(1); and

the Director General has made an assessment for that year of assessment under section 91, no amendment shall be allowed under this section.”.

New section 91A