Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Inland Revenue Act (No. 28 of 1979) - Sect 89

How certain receipts from insurance are to be treated

89. Where any sum paid as insurance premium has been allowed as an expense incurred in the production of profits or income from any source, any sum realized under such contract of insurance shall be deemed to form part of the profits or income from such source in the year of assessment in which such sum is received.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]