Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 52 of 1998) - Sect 4

Amendment of section 10 of the principal enactment

4. Section 10 of the principal enactment amendment by Act, No. 24 of 1997, is hereby further amences as follows :-
(1) by the substitution in paragraph (g) of section for the words "any foreign currency banking unit", of the words "any foreign currency banking unit; and" ;
(2) by the addition, immediately after paragraph (g) of that section, of the following paragraph :"
"(h) interest accruing to any financial institution from any loan granted by it to any venture capital company established for the implementation of any entrepreneur development programme of the Government, if the proceeds of such loan are utilized by such company for the implementation of such programme.


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