Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 43 of 1983) - Sect 8

Amendment of section 31 of the principal enactment

8. Section 31 of the principal enactment is hereby amended as follows :
(1) in subsection (2) of that section -
(a) by the substitution, for paragraph (b) of that section, of the following paragraph :-
" (b) a donation made in money or otherwise to
(b) by the omission, in paragraph (f) of that sub- section, of the words " certified by the Commissioner for National Housing as having been " ;
(c) by the insertion, immediately after paragraph (h) of that subsection, of the following paragraph:
" (hh) any premium paid by individual on a policy of insurance against riot or civil commotion, not being premium in respect of which an allowance has been granted under section 23 ;" ;
(d) by the substitution, for paragraph (m) of that sub-section, of the following paragraph :
' (m) any sum invested by any person in the purchase of ordinary shares, other than existing shares, in a company
(e) any amount certified by REPIA established under the Public Security Ordinance or by a government department performing functions similar to REPIA, as having been spent by a person on the repair or restoration of any immovable property, damaged or destroyed by riot or civil commotion after July 24, 1983, and before August 24, 1983, not being an amount obtained as a grant from REPIA or any government fund or the receipts of an insurance policy against damage or destruction by riot or civil commotion or in respect of which an allowance has been granted under section 23;
(2) in subsection (3) of that section
(a) by the substitution, for the words "not more than four", of the words "not more than fourteen ";
(b) by the substitution, for the words " as exceed ' five ", of the words " as exceeds fifteen " ;
(3) in subsection (5) of that section, by the substitution for the words " (b), (c) and (m) of subsection (2), of the words " (b), (c), (m) and (n) of subsection (2) "; and
(4) in subsection (6) of that section by the substitution for the words " (b), (c) and (m) of subsection (2) ", of the words " (b), (c), (m) and (n) of subsection (2) ".


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