Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 24 of 1980) - Sect 15

Amendment of section 31 of the principal enactment

15. Section 30 of the principal enactment is hereby amended in subsection (2) of that section, by the substitution, for the proviso thereto, of the following proviso: -" Provided that the taxable income of a charitable institution for any year of assessment shall be the assessable income of that institution for that year of assessment after deducting therefrom, the aggregate of
(a) any allowance to which such institution is entitled to under section 31 ; and
(b) an allowance of twelve thousand rupees.".


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