Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmount of the National Development Tax paid by any person under this Part shall be allowed as a deduction for the purposes of the Income Tax Ordinance. [ 25, 9 of 1962.] Cap. 242
| 55. Where any person liable to income tax under the Income Tax Ordinance for any year of assessment has paid any amount as National Development Tax under this Part of this Act during the year preceding that year of assessment, the amount so paid shall be allowed as a deduction for the purpose of ascertaining the profits or income of that person for that year of assessment under that Ordinance. |