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

Sri Lanka Consolidated Acts

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Income Tax Evasion And Nondisclosure Of Profits And Income Act (No. 13 of 1964) - Sect 3

Power of persons to whom this Act applies to make declarations on or before December 31, 1964, of accumulated profits and income or articles of value acquired by such profits and income

(1) Where any person to whom this Act applies has accumulated the profits or income in respect of which such person has not made a return of income or which such person has failed to disclose in the returns of income made under the law for the time being applicable to income tax-

	(a) such person, or

	(b) if such person is a company or a body of persons, the secretary, manager or other principal officer of such company or body of persons, or

	(c) if such person is a partnership, the precedent partner of such partnership,

(2) Every declaration under subsection (1) shall set out-

	(a) the full name and address of the person making the declaration,

	(b) the amount of the accumulated profits or income referred to in subsection (1) which is in the possession of the person making the declaration, and

	(c) if such profits or income or any part thereof have or has been invested in the acquisition of articles of value, the description and value of such articles:

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