Sri Lanka Consolidated Acts

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Inland Revenue Act (No. 31 of 1988) - Sect 3

Amendment of section 33 of the principal enactment

3. Section 33 of the principal enactment is hereby amended in paragraph (b) of subsection (2) of that section as follows :
(1) by the substitution, in sub-paragraph (iii) of that paragraph, for the words and figures November 15, 1978, and", of the word and figures "November 15 1978";
(2) by the substitution, in sub-paragraph (iv) of that paragraph, for the words "existing company;', of the words "existing company; and" ; and
(3) by the addition, immediately after sub-paragraph (iv) of that paragraph, of the following new subparagraph :
"(v) the taxable income of which for any year of assessment commencing on or after April 1, 1988, does not exceed three hundred and thirty-three thousand three hundred and thirty three-rupees.".


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