41. Section 61 of the principal enactment is hereby amended as follows :"
| (1) in subsection (1A) of that section by the substitution for the words "shall be entitled to deduct" of the words "shall deduct [excluding any dividend payable to any institution referred to in items (ix), (xi), (xv), (xvii), (xx), (xxi), (xxxix), (liv), (lxiv), (lxv), (Ixvi), (lxxii), (lxxiii), and (lxxiv) of section 8 (a)]" ; and |
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| (2) in subsection (4) of that section"
| | (a) in paragraph (b) of the proviso to that subsection, by the substitution for the words ''income tax under this Act.", of the words '"income tax under this Act ; or" ; | | |
| | (b) by the insertion immediately after the proviso to paragraph (b) of the following paragraph :"
| | | "(c) the amount of any dividend received from any other company on or after April 1, 2002. subject to the deduction of income tax under subsection (1A).". |
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Sri Lanka Consolidated Acts