Section 15, The Income Tax (Deductions Citation

This Arrangement shall come into force on the date on which thelast of all such things shall have been done in the United Kingdom and the Colony as are necessary to give the Arrangement the force of law in the United Kingdom and the Colony respectively, and shall thereupon have effect-- (a) in the United Kingdom, as respects income tax for the year of assessment begining on the 6th day of April, 1946, and subsequent years; as respects surtax for the year of assessment begining on the 6th day of April, 1945, and subsequent years; and as respects profits tax for any chargeable accounting period beginning on or after the 1st day of January, 194 7, and for the unexpired portion of any chargeable accounting period current at that date; (b) In the Colony, as respects, Colonial tax for the year of assessment beginning on the 1st day of April, 1946, and subsequent years.