Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Inland Revenue (Amendment) Act (No. 6 of 1969) - Sect 9

Amendment of section 21 of the principal Act

9. Section 21 of the principal Act, as amended by Act No. 18 of 1965, is hereby further amended as follows: -
(1) in sub-section (1) of that section, by the substitution, for the words " year of assessment a family ", of the words and figures " year of assessment ending on or before March 31, 1969, a family ";
(2) by the insertion, immediately after sub-section (1) of that section, of the following sub section : -
'' (1A) Where for any year of assessment commencing on or after April 1, 1969, a family consists of a husband and wife and no child or dependent relative, an allowance of three thousand six hundred rupees in respect of such husband and wife shall be deducted from the assessable income of the head of such family for that year in arriving at his taxable income for that year.";
(3) in sub-section (2) of that section, by the substitution, for the words " year of assessment a family ", of the words and figures " year of assessment ending on or before March 31, 1969, a family ";
(4) by the insertion, immediately after sub-section (2) of that section, of the following sub section : -
'' (2A) Where for any year of assessment commencing on or after April 1, 1969, a family consists of a husband and wife and one or more children or dependent relatives or one or more children and dependent relatives, an allowance of three thousand six hundred rupees in respect of the husband and wife, and-
(a) if there is one child or dependent relative, an allowance of six hundred rupees in respect of such child or dependent relative,
(b) if there are two children, or two dependent relatives or one child and one dependent relative, an allowance of six hundred rupees in respect of such children or such dependent relatives or such child and such dependent relative,
(c) if there are three or more children. or three or more children and dependent relatives or three or more dependent relatives, in respect of such children or such children and dependent relatives or such dependent relatives, as the case may be, an allowance of one thousand two hundred rupees,
(5) in sub-section (3) of that section, by the substitution, for the words " year of assessment a family ", of the words and figures " year of assessment ending on or before March 31, 1969, a family ";
(6) by the insertion, immediately after sub-section (3) of that section, of the following sub- section : -
" (3A) Where for any year of assessment commencing on or after April 1, 1969, a family consists of an individual and one child or dependent relative, or an individual and two children or dependent relatives or an individual and one child and one dependent relative, an allowance of three thousand rupees in respect of such individual and an allowance of six hundred rupees in respect of such child or dependent relative or such children or dependent relatives or such child and such dependent relative, as the case may be, shall be deducted from the assessable income of the head of such family for that year in arriving at his taxable income for that year.";
(7) in sub-section (4) of that section, by the substitution, for the words " any year of assessment a family ", of the words and figures " any year of assessment ending on or before March 31, 1969, a family ";
(8) in sub-section (4A) of that section, by the substitution, for the words and figures " in respect of each year of assessment commencing on or after April 1, 1965/', of the words and figures " in respect of the year of assessment commencing on April 1, 1965, and each of the three years of assessment immediately succeeding,";
(9) by the insertion, immediately after sub-section(4A) of that section, of the following sub- section:-
" (4B) Where for any year of assessment commencing on or after April 1, 1969, a family consists of an individual and three or more children or three or more dependent relatives or three or more children and dependent relatives, an allowance of three thousand rupees in respect of such individual and an allowance of one thousand two hundred rupees in respect of such children or dependent relatives or such children and dependent relatives shall be deducted from the assessable income of the head of such family for that year in arriving at his taxable income for that year.";
(10) by the insertion, immediately after sub-section (6) of that section, of the following sub- section : -
' (6A) Sub-section (6) shall, in its application in respect of each year of assessment commencing on or after April 1, 1969, have effect as though for the words " five hundred rupees ", there were substituted the words " nine hundred rupees ";
(11) in sub-section (7) of that section, by the substitution, for the expression " under sub-section (2) or sub-section (3) or sub- section (4) or sub-section (6) ", of the expression " under sub-section (2) or sub- section (2A) or sub-section (3) or sub-section (3A) or sub-section (4) or sub-section (4B) or sub-section (6) or sub-section (6A) "; and
(12) in the marginal note to that section, by the substitution, for the words " Allowances to be deducted ", of the words " Allowances for members of a family, individuals not included in a family, and earned income to be deducted ".


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]