19. Section 31 of the principal enactment is hereby amended as follows:-
| (1) in subsection (2) of that section -
| | (a) in paragraph (h) of that subsection by the substitution for the words "projection on a screen in a cinema."; of the words "projection on a screen in a cinema ;"; | | |
| | (b) by the addition, immediately after paragraph (h) of that subsection, of the following paragraphs :-
| | | "(i) any expenditure incurred, otherwise than out of a loan referred to in paragraph (j) on or alter April 1 , 2002, by an individual in either the construction or the purchase of a house being in either case the first house constructed or purchased by such individual on or after April 1,2001 ; |
| (j) any expenditure incurred, on or after April 1, 2002, by an individual on the repayment of the capital of any approved housing loan either for the construction or the purchase of a house being in either case the first house constructed or purchased by such individual on or after April 1,2001. |
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| (2) in paragraph (a) of subsection (4) of that section -
| | (a) in sub-paragraph (v) of that paragraph by the substitution for the words "twenty five thousand rupees", of the words "twenty-five thousand rupees ;"; | | |
| | (b) by the insertion immediately after sub-paragraph (v) of that subsection of the following sub-paragraph :-
| | | "(vi) in respect of all qualifying payments referred to in paragraphs (i) and (j) of subsection (2) made by him in that year of assessment, shall not exceed one-third of the assessable income or one hundred thousand rupees which ever is less."; |
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| (3) by the addition immediately alter subsection (6) of that section of the following subsection :- |
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Sri Lanka Consolidated Acts