The main purpose of the Bill is to give effect to the Budget proposals concerning income tax. Amendments are also being introduced to tighten up those provisions of the law which are aimed at nullifying tax avoidance schemes, and those which relate to trade records. The allowances for wear and tear are being extended to sources of income other than trade or business; the grant of other deductions is also being liberalised. The Bill also provides for the exemption of local bank interest accruing to non-residents and for special rates of tax in respect of income from foreign employment. Other amendments concern administrative measures.