59.
| (1) Notwithstanding anything in the preceding provisions of this Act, where any person whose aggregate income from all his employments, professions or businesses, or his employment and profession, or his employment and business, or his profession and business, or his employment, profession and business, exceed three thousand six hundred rupees, then such person shall be liable to pay the Commissioner as National Development Tax an amount equivalent-
| | (a) in respect of the first year ending on September 15, 1963, for which he is liable to National Development Tax, to four per centum, and | | |
| | (b) in respect of the part of the second year ending on March 15, 1964, for which he is liable to National Development Tax, to two per centum, | | |
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| (2) For the purposes of this section " aggregate income" in respect of any person means the total income derived by such person from his employments, professions and businesses, the income from his employments being the aggregate of his monthly emoluments from such employments for the year commencing on October 1, 1961, or any subsequent year or part of a subsequent year, and the income from his professions or businesses being the income, as computed for the purpose of the Income Tax Ordinance, for the year preceding the year in which registration of such professions or businesses is sought. |
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| (3) Regulations may be made providing for the furnishing of declarations by persons liable to pay National Development Tax under subsection (1) and for the manner of payment by such persons of the National Development Tax. |
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Sri Lanka Consolidated Acts