157. Notwithstanding anything to the contrary in any other law. where,
| (a) any Government institution pays a reward or distributes a share of fine other than any such share of fine paid out of the Consolidated Fund or which will fall under the profits from employment in terms of section 4 of this Act, in relation to any individual who holds any paid office under the Republic of Sri Lanka, to any person; |
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| (b) any person or partnership pays a lottery prize, winnings from gambling or winnings from betting to any person, |
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such institution, person or partnership, as the case may be, shall deduct at the time of the payment of such reward, share of fine, a lottery prize, winning from gambling or winning from betting, as the case may be, income tax at the rate of ten per centum on such gross payment: Provided, however, in case of any payment referred to in paragraph (b), the tax shall be deducted only where such payment is not less than five hundred thousand rupees: Provided further, where any person or partnership pays a lottery prize, winnings from gambling or winnings from betting, other than in cash, such person or partnership shall be liable to pay the relevant amount of income tax on such lottery prize winnings from gambling or winnings from betting, to the Commissioner-General. |
Sri Lanka Consolidated Acts