Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Finance (Amendment) Act (No. 55 of 1971) - Sect 4

Amendment of section 123 of the principal Act

4. Section 123 of the principal Act is hereby amended by the substitution, for all the words from " Every person '' to " for that quarter, ", of the following: -
" Every person who carries on any business in Ceylon shall- furnish to the Commissioner, not later than fifteen days after the expiry of that quarter, a return setting out the turnover of that business for that quarter.".
(a) If such business is carried on by him during the entirety of any quarter in a year of assessment and the turnover of that business for that quarter is not less than eighteen thousand seven hundred and fifty rupees; or
(b) If such business is carried on by him during a part of a quarter In a year of assessment and the turnover of that business for that part of the quarter is not less than a sum which bears to eighteen thousand seven hundred and fifty rupees the same proportion as the number of days in that part of the quarter bears to ninety-one,


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]