Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 24 of 1980) - Sect 30

Amendment of section 125 of the principal enactment

30. Section 125 of the principal enactment Is hereby amended in subsection (2) of that section as follows: -
(a) by the substitution, in paragraph (i) of the proviso to that subsection, for the words " shall in no case exceed twenty-five per centum", of the words; "shall in no case exceed fifty per centum"; and
(b) by the substitution, in paragraph (ii) of the proviso to that subsection, for the words " preceding provisions of this section : ", of the words " preceding provisions of this section until the thirtieth day of November immediately succeeding the end of the year of assessment in respect of which such. quarterly instalments of tax became due :".


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