Debits Tax (Amendment) Act (No. 5 of 2003)

Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Debits Tax (Amendment) Act (No. 5 of 2003) - Sect 11

Amendment of Section 13 of the principal enactment

11. Section 13 of the principal enactment is hereby amended as follows :-

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

	"(a) in paragraph (a) thereof, by the substitution for the words "any current account maintained" of the words "any current account or savings account maintained"; (b) in paragraph";

	(b) thereof, by the substitution for all the words from "debits made from any" to "is solely for the purpose of making- " of the words "debits made from any current account being a special account, opened by any person in a commercial bank for the purpose of making -";

(i) by the substitution for all the words from "debits made from any" to "is solely for the purpose of making" of the words debits made from any current account being a special account opened by any person specified hereunder in a commercial bank for the purpose of making-" :

(ii) by the substitution for sub-paragraph (iii)of the following new sub-paragraphs:-

(iii) in sub-paragraph(vii)thereof-

(d) in sub-paragraph(d)thereof-

(i) by she substitution for the words "from any current account" of the words "from any current account or savings account";

(ii) by the substitution for sub-paragraph (i) thereof of the following :-

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

	(a) by the substitution for the words "commercial bank "and "any current account" of the words 'commercial bank or specialised bank" and " any current account or savings account "; and

	(b) by the addition immediately after the first provision to that subsection of the following:-

(3) in subsection (5) of that section by the substitution for the words "current account" of the words "current account or savings account".

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]