199.
| (1) Every person chargeable with tax under this Act as trustee, executor, or agent, or from whom such tax is recoverable in respect of the income or wealth of another person, may retain out of any assets coming into his possession or control on behalf of such other person or in his capacity as trustee, executor, or agent, such portion of such assets as shall be sufficient to pay the amount of such tax, and he shall be and is hereby indemnified against any person whomsoever, in respect of his retention of such assets and payment of such amount. |
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| (2) Where any person acting as trustee or executor has paid tax, and no assets of the trust or estate come into his possession or control out of which he could retain the tax so paid, such tax shall be a debt due from the beneficiaries of the trust or estate, to the trustee or executor. |
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| (3) Where a person chargeable with tax or from whom tax is recoverable in respect of the income of another person, pays such tax, and no assets of such other person come into his possession or control out of which he could retain the amount of the tax so paid, such tax shall be a debt due to him from such other person. |
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Sri Lanka Consolidated Acts