Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 63 of 1992) - Sect 38

Amendment of the third Schedule to the principal enactment

38. The Third Schedule to the principal enactment is hereby amended as follows :"
(1) in paragraph 1 of that Schedule, by the substitution, for all the words and figures "for the year of assessment commencing on April 1, 1986" to "50 per centum" of the following:"
(2) in paragraph 3 of that Schedule"
(a) by the substitution, in sub-paragraph (ii) of that paragraph, for the words and figures " commencing on or after April 1, 1985 ", of the words and figures " commencing on or after April 1, 1985, but prior to April 1,
(b) by the addition, immediately after sub-paragraph (ii) of that paragraph of the following sub-paragraph: "
" (iii) for any year of assessment commencing on or after April 1, 1992 35 per centum"; ;
(3) in paragraph 4 of that Schedule, by the substitution for the expression " For any year of assessment commencing on or after April 1, 1986 on all trustees 50 per centum", of the expression " For any year of assessment commencing on or after April 1, 1986, but prior to April 1, 1992 on all trustees 50 per centum,
(4) by the substitution for paragraph 5 of that Schedule of the following paragraph: "
(5) in paragraph 11 of that Schedule,"
(i) by the substitution, in sub-paragraph (b) of that paragraph for the expression " commencing on or after April 1,1986.", of the expression " commencing on or after April 1, 1986, but prior to April 1, 1992" ;
(ii) by the addition, immediately after sub-paragraph (b), of that paragraph, of the following sub paragraph: "
" (c) for any year of assessment commencing on or after April 1, 1992
(6) by the substitution, for paragraph 13 of that Schedule of the following paragraph :"
" 13. Any thrift, saving or building society or welfare fund to which contributions are made by employees only or any gratuity fund approved for the purposes of section 23 (1) (r)"
(7) by the addition immediately after paragraph 13 of that Schedule of the following paragraph :

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