Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 37 of 2003) - Sect 9

Amendment Section 21A of the principal enactment

9. Section 21A of the principal enactment as amended by Act. No. 19 of 2003. is hereby further amended by the repeal of subsection (2) of that section, and the substitution therefor of the following subsection :"
"(2) For the purposes of subsection (1) "specified undertaking" in relation to a company means"
(a) an undertaking carried on by a company incorporated on or after April 1, 2002. or by any company incorporated prior to April 1, 2002 as a new undertaking commenced on or after April 1, 2002 with an investment of not less than rupees two and one half of million and which is engaged in agriculture, agro processing, industrial and machine tool manufacturing, electronics, export of non- traditional goods or information technology and allied services :
(b)
(i) any designated project carried on by a company , incorporated on or after April 1, 2002. or by any company incorporated prior to April 1, 2002 as a new undertaking commenced on or after April 01, 2002 with an investment of not less than rupees two and one half of million ,
(ii) an undertaking having an investment in excess of rupees two hundred and fifty million.


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