7. Section 32 of the principal enactment is hereby amended as follows :-
| (1) in subsection (1) thereof"
| | (a) by the repeal of sub-paragraph (iv) of paragraph (a) of that subsection, and the substitution therefor, of the following sub-paragraph :-
| | | " (iv) in respect of the year of assessment commencing on April 1, 1985, at the appropriate rates specified in Part IIB of the First Schedule to this Act: ": |
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| | (b) by the insertion, immediately after sub-para- graph (iv) of paragraph (a) of that subsection, of the following sub-paragraph :-
| | | " (v) in respect of any year of assessment commencing on or after April 1, 1986, at the appropriate rates specified in Part IIC of the First Schedule to this Act, "; and |
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| | (c) by the repeal of sub-paragraph (iii) of the proviso to that subsection and the substitution therefor, of the following sub-paragraphs :-
| | | " (iii) twenty-four thousand rupees for the year of assessment commencing on April 1, 1985 ; and |
| (iv) twenty-seven thousand rupees for any year of assessment commencing on or after April 1, 1986. " and |
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| (2) in subsection (2) of that section, by the repeal of paragraph (iv) thereto, and the substitution, of the following paragraphs therefor:"
| | "(iv) Part IIB in respect of the year of assessment commencing on April 1, 1985; or | | |
| | (v) Part IIC in respect of any year of assessment commencing on or after April 1, 1986: | | |
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Sri Lanka Consolidated Acts