Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsProfits of certain businesses to be computed as a percentage of the receipts
| 83. Where the Commissioner-General is of the opinion that the correct amount of the profits of a non-resident person arising in or derived from Sri Lanka from any trade or business cannot be readily ascertained, for the reason that such person is unable to furnish the fuller or further returns or fuller or further information referred to in subsection (12) of section 106, or the documents or the other documents referred to in subsection (13) of section 106, relating to such trade or business, the Commissioner-General shall, where such non- resident person makes a declaration of such inability, ascertain such profits as a percentage of the sum receivable by such person from such trade or business:Provided that such percentage shall in no circumstances, be less than six. |