Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmount of the business turnover tax paid by any person shall be a deduction for income tax purposes
| 157. Where any person liable to any income tax under the Inland Revenue Act, No. 4 of 1963, for any year of assessment within the meaning of that Act has paid any amount as business turnover tax under this Part of this Act, the amount so paid shall be allowed as a deduction for the purpose of ascertaining the profits or income of that person under section 10 of the Inland Revenue Act. |