Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 24 of 1997) - Sect 19

Amendment of section 33A of the principal enactment

19. Section 33A of the principal enactment amended by Act, No. 27 of 1995 is hereby further amended as follows :
(1) in subsection (2) of that section by the substitution for all the words and figures from "Such deduction", to the end of that subsection, of the words and figures, "Such deduction shall, where such year of assessment is any year of assessment ending prior to April 1,1997, not exceed fifty per centum of the aggregate of the tax payable under
(i) section 33 (l) (a); and
(ii) section 32F or section 32H or section 32K or section 32M or section 32N,
(2) in subsection (3) of that section by the substitution for the words "for any year of assessment shall not exceed fifty per centum", of the words and figures, "for any year of assessment ending prior to April 1,1997, shall not exceed fifty per centum".


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