159.
| (1) Any person or partnership who or which is conducting any lottery or betting or gambling activity within the meaning of this Chapter, shall apply for and obtain a registration number from the Commissioner-General thirty days prior to the commencement of such activity, if the prizes awarded or payments made are liable to the deduction of income tax under this Chapter, and shall furnish a return on a monthly basis, containing such particulars as may be specified by the Commissioner-General in relation to such activity. |
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| (2) Any person or partnership who or which does not so register or does not furnish any return, shall be liable to a penalty not exceeding fifty thousand rupees, which may be imposed by the Commissioner-General. |
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Sri Lanka Consolidated Acts