Inland Revenue (Amendment) Act (No. 16 of 1996)

Sri Lanka Consolidated Acts

Amendment of section 32 of the principal enactment

11. section 32 of the principal enactment is hereby amended as follows :-

(1) in paragraph (a) of subsection (1) of that section by the addition immediately after sub-paragraph (viii) of the following sub-paragraph :-

	"(IX) in respect of any year assessment commencing on or after April 1, 1996, at the appropriate rates specified in part IIG of the first schedule to this act ;"

(2) in the proviso to subsection (1) of that section-

	(a) by the substitution, in sub-paragraph (v) of that proviso for the words and figures " for any year of assessment commencing on or after April 1, 1992 but prior to April 1, 1995; and", of the words and figures "for any year of assessment commencing on or after April 1, 1992 ,but prior to April 1, 1995;";

	(b) by the substitution, in sub-paragraph (vi) of that proviso for the words and figures "for any year of assessment commencing on or after April 1, 1995 ", of the words and figures "for the year of assessment commencing on April 1, 1995; and "; and

"(vii) one hundred thousand rupees, for one year of assessment commencing on or after April 1, 1996,";

(3) in sub-section (2) of that section-

	(a) by the substitution, in paragraph (b)of that section for the words " other than such part of such sum as exceeds one million five hundred thousand rupees, or", of the words "other than part of such sum as exceeds-

	(b) by the substitution, in paragraph (viii) of that subsection, for the words and figures any year of assessment commencing on or after April 1,1994 " of the' words and figures "any year of assessment commencing on or after April 1,1994, but prior to April 1, 1996; or "; and

"(ix) part II of the First Schedule to this Act in respect of any year of assessment commencing on or after April 1, 1996;"