48. The following new section is hereby inserted' immediately after section 132B of the principal enactment, and shall have effect as section 132C of that enactment ;"
| 132C.
| | (1) any person or partnership who or which is conducting any lottery or betting or gambling activity within the meaning of this Chapter on or after April 1, 2004. 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 : | | |
| | (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 rupees fifty thousand which maybe imposed by the Commissioner General.". | | |
|
|
|
Sri Lanka Consolidated Acts