Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Law (No. 18 of 1975) - Sect 8

Amendment of section 73 of the principal enactment

8. Section 73 of the principal enactment is hereby amended by the addition at the end of that section of the following new subsection:
"(9) Notwithstanding the provisions of subsections (2), (3), (4), (6A) and 8, in respect of each year of assessment commencing on or after April 1, 1973-
(a) in the case of any person holding for the time being the office of Prime Minister, Minister, (other than the Prime Minister), Speaker, Deputy Speaker or Deputy Chairman of Committees of the National State Assembly or Deputy Minister, a sum of seven hundred rupees out of the monthly remuneration paid to such person by the Government of Sri Lanka, in lieu of the sum of three hundred rupees referred to in subsections (2), (3), (4) and (6A) , shall not be taken into consideration in ascertaining the profits and income arising to such person from that office; and
(b) in the case of any person who is a member of Parliament (other than any person referred to in paragraph (a), a sum of seven hundred rupees out of the monthly remuneration paid to such person by the Government of Sri Lanka, in lieu of one-half of the amount of the other allowances referred to in subsection (8) shall not be taken into consideration in ascertaining the profits and income of such person in his capacity as such member ."."


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