15. Section 23 of the principal enactment is hereby amended in subsection (1) of that section as follows :-"
| (1) in sub-paragraph (i) of paragraph (b) of that subsection by the substitution, for the words "or subparagraph (iii)", of the words "or sub-paragraph (iii) or (vi)"; |
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| (2) by the insertion immediately after sub -paragraph (v) of paragraph (b) of that subsection of the following sub-paragraph :-"
| | "(vi) any computer hardware acquired by such person on or after April 1, 2002 and arising out of its use in any trade, business, profession or vocation carried on or exercised by him at the rate of one hundred per centum on its cost of acquisition;"; | | |
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| (3) in paragraph (c) of that subsection by the substitution for all the words from "a sum equal to one tenth" to "business carried on by him" of the following :-"
| | "(c) A sum equal to -"
| | | (i) one-tenth of any payment made for any year of assessment commencing prior to April 1,2002; |
| (ii) a sum equal to one-fourth of any payment made in any year of assessment commencing on or after April 1, 2002, |
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| (4) by the insertion, immediately after paragraph (c) of that subsection, of the following paragraph :-"
| | "(cc) a sum equal to one-fourth of any payment made by such person in any year of assessment commencing on or alter April 1, 2002 in the acquisition of any intangible asset such as a patent, copyright or trade mark (other than any goodwill) used by him in any trade or business carried on by him : | | |
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| (5) in paragraph (d) of that subsection , by the substitution for all the words from "such allowance being" to '"computer software", of the following :-" |
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| (6) by the repeal of the proviso to paragraph (f) of that subsection and the substitution of the following proviso therefor :-" |
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| (7) in paragraph (k) of that subsection by the substitution for the words "the expenditure incurred" of the words and figures "'the expenditure incurred in any year of assessment commencing on or after April 1, 2000 but prior to April 1, 2002"; |
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| (8) by the insertion, immediately after paragraph (k) of that subsection of the following paragraph :-"
| | "(kk) the expenditure including capital expenditure incurred in any year of assessment commencing on or after April 1, 2002 by such person in carrying on any scientific, industrial, agricultural or any other research for the upgrading of any trade or business carried on by such person;"; | | |
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| (9) in sub-paragraph (iii) of paragraph (t) of that subsection by the substitution for the words "performance of such trade or business.", of the following :-" |
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Sri Lanka Consolidated Acts