Income Tax (Amendment) Act (No. 4 of 1963)

Sri Lanka Consolidated Acts

Amendment of section 46 of the principal enactment. [ 20, 13 of 1959.]

25. Section 46 of the principal enactment is hereby amended as follows : -

(1) in subsection (2) of that section-

	(a) in paragraph (ii) of that subsection, by the substitution, for the words " income ; or ", of the word " income, " ;

	(b) by the omission of paragraph (iii) of that subsection ; and

	(c) by the substitution, for the words " is the least", of the words " is less " ; and

(2) in subsection (3) of that section-

	(a) by the substitution, for the words " shall be entitled", of the words " shall, subject to the provisions of section 47b, be entitled " ; and

	(b) by the substitution, for all the words from " statutory income : " to the end of that subsection, of the words " statutory income. ",