Sri Lanka Consolidated Acts

Income Tax Evasion And Nondisclosure Of Profits And Income Act (No. 13 of 1964) - Long Title

AN ACT TO PROVIDE FOR THE MAKING OF DECLARATIONS ON OR BEFORE DECEMBER 31, 1964, OF THE ACCUMULATED PROFITS AND INCOME IN THE POSSESSION OF PERSONS WHO HAVE EVADED PAYMENT OF INCOME TAX OR WHO HAVE FAILED TO DISCLOSE PROFITS AND INCOME; TO PROVIDE FOR THE SURRENDER OF SUCH PROFITS AND INCOME TO THE COMMISSIONER OF INLAND REVENUE WHENEVER THE COMMISSIONER REQUIRES SUCH SURRENDER; TO ENABLE THE LEVY OF A TAX ON SUCH PROFITS AND INCOME, AND TO INDEMNIFY PERSONS WHO PAY THE TAX AGAINST LIABILITY TO PROSECUTIONS AND TO PAY INCOME TAX UNDER THE LAW RELATING TO INCOME TAX.