7. Where the net capital of any person who is not included in a family
such part of his net capital as exceeds two hundred and fifty thousand rupees or two hundred thousand rupees, as the case may be, shall be his leviable capital and he shall be liable to pay the capital levy in respect of such leviable capital.
| (a) includes any premises occupied wholly or mainly for residential purposes on March 31, 1971, and is in excess of two hundred and fifty thousand rupees, or |
|
| (b) does not include any premises occupied wholly or mainly for residential purposes on March 31, 1971, and is in excess of two hundred thousand rupees, |
|
|
Sri Lanka Consolidated Acts