23. Section 53 of the principal enactment amended by Act No 8 of 2001, is hereby further amended in subsection (1) of that section as follows:-
| (1) in paragraph (a) of that subsection, by the substitution for the words "to this Act; and", of the words "to this Act: |
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| (2) in paragraph (b) of that subsection, by the substitution for the words "in that year of assessment", of the words and figures "in that year of assessment being a year of assessment commencing prior to April 1, 2002 ;"; |
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| (3) by the insertion, immediately after paragraph (b) of that subsection of the following paragraph :-
| | "(bb) equal to ten per centum of the aggregate amount of the gross dividends distributed by such company in that year of assessment; being an year of assessment commencing on or after April 1, 2002 out of the profits on which the taxable income of such company is computed for any year of assessment ;"; | | |
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| (4) in paragraph (c) of that subsection by the substitution for the words "that year of assessment", of the words "that year of assessment being an year of assessment commencing prior to April 1, 2002 ;". |
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Sri Lanka Consolidated Acts