Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 24 of 1980) - Sect 6

Amendment of section11 of the principal enactment

6. Section 11 of the principal enactment is hereby amended as follows :
(a) in paragraph (b) of that section -
(i) by the substitution, for the words and figures "under sections 16, 17, 18, 19, 20 or 21 of this Act", of the words and figures "under sections 15, 16, 16a, 16b, 17, 18, 19, 20, 21, 22a, 22b and 22c of this Act"' and
(ii) by the substitution, for the words " within one year thereafter-", of the words " within one year thereafter ; " ; and
(b) by the insertion, immediately after paragraph (b) of that section, of the following paragraph : -
" (c) any dividend paid on or after November 15, 1979, to a shareholder of a company, out of any such dividend received by that company as is referred to in paragraph (b), if the first-mentioned dividend is paid during any year of assessment in which the second-mentioned dividend was received by that company or within one year thereafter.".


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