Sri Lanka Consolidated Acts

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

Inland Revenue (Amendment) Act (No. 37 of 2003) - Sect 32

Amendment of section 48A of the principal enactment

32. Section 48A of the principal enactment is hereby amended by the substitution for the words ''in the form of shares or debentures", to the end of that section of the following :-
"(i) not in the form of money or an order to pay money :
(ii) out of dividend received from another company where such dividend in not exempt from income tax under section 11 without a deduction of tax under subsection (1A) of section 61 irrespective of whether such company is entitled to deduct such tax or not,
the income from such dividend shall be charged with tax at the appropriate rate as specified in the Sixth Schedule to this Act.".


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