12.There shall be exempt from income tax any sum paid to any person as a subsidy or grant -
| (a) out of the Capital Fund, established under the Sri Lanka Tea Board Law, No. 14 of 1975; |
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| (b) out of the rubber Replanting Subsidy Fund, established under the Rubber Replanting Subsidy Act, (Chapter 437): |
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| (c) by the Coconut Cultivation Board, established under the Coconut Development Act, No. 46 of 1971; |
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| (d) by the Ministry of the Minister in charge of the subject of Fisheries , for the purchase by such person of fishing boats, marine engines, fishing gear and other fishing equipment; |
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| (e) out of the Export Development Fund, established by the Sri Lanka Export Development Act, No. 40 of 1979; |
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| (f) under any other scheme for the planting or replanting of any other agricultural plant ; |
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| (g) out of the Mill Development Fund, administered by the Coconut Development Authority established under the Coconut Development Act, No. 46 of 1971, for the modernization of machinery. |
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Sri Lanka Consolidated Acts