17. Section 29 of the principal enactment is hereby amended as follows :-"
| (1) by the insertion immediately after subsection (1) of that section of the following subsection :-"
| | "(1A) The assessable income of a person (other than a company) for any year of assessment commencing on or alter April 1, 2002, shall notwithstanding anything contained in Inland Revenue (Amendment) 11 Act. No. 10 of 2002 subsection (1), be his total statutory income for that year other than the -"
| | | (a) statutory income from interest on which income tax has been deducted under section 122A; and |
| (b) statutory income from dividends on which income tax has been deducted under subsection (1A) of section 61, whether received directly form such company which distributes the dividend or through any other company, |
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| (2) in subsection (2) of that section -" (a) by the substitution, in paragraph
| | (a) of that subsection for the words "payable by such person", of the words "payable for that year of assessment being a year of assessment commencing prior to April 1, 2002 by such person."; | | |
| | (b) by the insertion, immediately after paragraph (a) of that subsection of the following :-"
| | | "(aa) sums paid by such person for any year of assessment commencing on or after April 1, 2002 by way of an annuity, ground rent, royally or interest not deductible under section 23 : |
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Sri Lanka Consolidated Acts