5. Where any sale referred to in section 2 is a sale on rent purchase terms-
| (a) such sale shall be deemed to have been made on the date on which the agreement to make the sale on such terms was entered into; and |
|
| (b) such part of the amount payable by the purchaser as is attributable to the interest payable by him shall be disregarded for the purposes of the exemption from income tax granted under section 2. |
|
|
Sri Lanka Consolidated Acts