Compulsory Savings Act (No. 6 of 1971)

Sri Lanka Consolidated Acts

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Compulsory Savings Act (No. 6 of 1971) - Sect 29

Interpretation

29. In this Act, unless the context otherwise requires-" Assessor " means an Assessor of Inland Revenue appointed under the principal Act and includes a Senior Assessor or an Assistant Assessor;" authorized representative " has the same meaning as in the principal Act;" Commissioner " means the Commissioner of Inland Revenue appointed under the principal Act and includes a Deputy Commissioner and an Assistant Commissioner of Inland Revenue appointed under the principal Act and authorized by the Commissioner either generally or for some specific purpose to act on behalf of the Commissioner;" emoluments " means the salary, wages or allowances (other than allowances given in reimbursement of expenses incurred in the performance of his duties) received by an employee in the course of his employment;" employee " includes-

(a) a person employed by a person residing outside Ceylon;

(b) every person who holds a paid office as a servant of the Crown; and

	(i) the President and Deputy President of the Senate,

	(ii) the Speaker, the Deputy Speaker, the Deputy Chairman of Committees, and the Leader of the Opposition, of the House of Representatives,

	(iii) the Clerk to the Senate, the Clerk to the House of Representatives or a member of the stall of the Clerk to the Senate or the Clerk to the House of Representatives,

	(iv) a Minister or a Parliamentary Secretary or the Chief Government Whip,

	(v) a Senator or a Member of Parliament by reason only of the fact that he receives any remuneration as a Senator or such Member,

	(vi) a member of the Public Service Commission,

	(vii) a member of the Judicial Service Commission,

	(viii) a director of a company or a Corporation;

" employer " includes the person responsible for the payment of the emoluments of an employee;" executor " means an executor or administrator of a deceased person and includes- " family " means a family within the meaning of section 19 of the principal Act;

(a) any person who takes possession or intermeddles with the property of a deceased person;

(b) every person who has applied, or is entitled to apply, to the District Court for the grant or resealing of probate or letters of administration in respect of the estate of a deceased person; or

" head " with reference to a family means the head of that family within the meaning of section 19 of the principal Act;" individual " includes a Hindu undivided family and any executor or trustee in respect of income received by him as such executor or trustee;" non-resident " has the same meaning as in section 54 of the principal Act;" principal Act " means the Inland Revenue Act, No. 4 of 1963;" relevant period "- " resident " has the same meaning as in section 54 of the principal Act;

(a) in relation to income from employment, income from houses, and dividends, interest and annuities, means the period of twelve months ending on December 31, 1971;

(b) in relation to income from sources other than the sources referred to in paragraph (a), means the period of twelve months ending on March 31, 1971, or where, for the purposes of the principal Act, the statutory income of that person from any trade, business, profession or vocation of that person is computed on accounts made up to any day in the year 1971, other than the thirty-first day of March of that year, the period ending on that day;

" special income " in relation to any person means-

(a) any profits of that person, being the profits and income of any undertaking which are exempt from income tax under paragraph (i) or paragraph (ii) or paragraph (iii) or paragraph (iv) or paragraph (v) or paragraph (vi) or paragraph (vii) of sub-section (2) of section 6 of the principal Act;

(b) the amount of any dividend paid to that person by any undertaking referred to in paragraph (a) out of the profits and income referred to in that paragraph;

(d) any income of that person from any house which under the National Housing Act is exempt from income tax;

" trustee " includes any executor, trustee, guardian, curator, manager or other person having the direction, control or management, of any property on behalf of any person.

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