Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 12 of 2004) - Sect 38

Amendment of section 122A of the principal enactment

38. Section 122A of the principal enactment is hereby amended in subsection (1) of that section as follows :"
(1) by the insertion immediately after sub-paragraph (ii) of paragraph (a) of that subsection, the following new sub-paragraph :"
"(iii) where the interest paid or credited to any individual on or after January 1, 2004 by such bank or financial institution on all deposits maintained by such individual with that bank or financial institution is not less than nine thousand rupees in any month or not less than one hundred and eight thousand rupees in any' period of twelve months.":
(2) in paragraph (a)of that subsection by the substitution for the words "on the total amount of interest paid or credited on such deposits:" , with the following words and figures"


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