135.
| (1) Every company which issues any corporate debt security shall, subject to the other provisions of this Act, deduct from the interest payable or creditable or the discount allowable by it, in respect of such security, income tax at the rate of ten per centum on the amount of such interest or discount; such deduction shall be made at the time such interest is paid or credited or such discount is allowed. |
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| (2) The provisions of subsection (6) of section 133, shall, in relation to any deduction made by any company referred to in subsection (1), apply as though there were substituted, in that subsection, for the words "bank or financial institution" of the word "company". |
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Sri Lanka Consolidated Acts