Amendment of section 111

Amendment of section 111.- In section 111 of the principal Act,—

1. (a) in sub-section (1), for the words "tax on professions, trades, callings and employments", the words "tax on professions, trades, callings and employments shall subject to such rules as may be prescribed" shall be substituted;
2. (b) in sub-section (2), for the words "every company which transacts business", the words "every company which after the commencement of the Andhra Pradesh Gram Panchayats, Panchayat Samitis and Zilla Parishads (Amendment) Act, 1986 transacts business" shall be substituted;
3. (c) in sub-section (3), for the words "the Gram Panchayat", the words "the Gram Panchayat shall, subject to such rules as may be prescribed," shall be substituted;
4. (d) in sub-section (4), for the words "The tax leviable", the words "The tax leviable shall subject to such rules as may be prescribed" shall be substituted.