Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 16 of 1985) - Sect 8

Amendment of section 23 of the principal enactment

8. Section 23 of the principal enactment is hereby amended in subsection (1) of that section as follows : -
(a) in paragraph (o) of that subsection, by the substitution for the words" formation of that company; and", of the words" formation of that company; " ;
(b) in paragraph (p) of that subsection by the substitution for the words" from their place of work.", of the words" from their place of work; and " ; and
(c) by the addition, at the end of that subsection of the following paragraph:
" (q) the expenditure incurred by such person in the payment of gratuity to an employee on the termination of employment of such employee due to cessation of the trade, business, profession or vocation carried on by such person. ".


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