10. Section 29 of the principal enactment is hereby amended in the proviso to paragraph (a) of subsection (2) of that section as follows:-.
| (a) in sub-paragraph (iv) by the substitution, for the ,expression" the provisions of section 149 ; and ", of the expression "the provisions of section 149 ; " ; and |
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| (b) by the repeal of sub-paragraph (v) and the substitution therefor of the following:
| | " (v) where any sum is payable by him by way of an annuity created on or before November 14, 1984 for a period not exceeding six years, no deduction shall be allowed in respect of any such sum payable by him during the year of assessment in which such annuity is created and during any year of assessment succeeding that year of assessment unless such annuity is for valuable and sufficient consideration or is for the life of the annuitant; and | | |
| | (vi) where any sum is payable by him by way of an annuity created on or after November 15, 1984, no deduction shall be allowed in respect of any such sum payable by him during the year of assessment in which such annuity is created and during any year of assessment' succeeding that year of assessment unless such annuity is
| | | (a) paid under an order of Court by way of payment of alimony or maintenance; |
| (b) paid to his spouse under a duly executed deed of separation; or |
| (c) in return for full consideration in money or money's worth. |
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Sri Lanka Consolidated Acts