9. Section 29 of the principal enactment as amended by Act. No 10 of 2002 is hereby further amended as follows :-
| (1) in subsection (1A) of that section -
| | (a) substitution for the word and figure "section 122A". wherever that word and figure appears in that section, of the words and figures "section 122A and section 122B" ; | | |
| | (b) in the proviso to that subsection by the substitution for the words "statutory income of such person.", of the words "statutory income of such person : " ; | | |
| | (c) by the insertion immediately alter the proviso to that subsection of the following :- | | |
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| (2) by the insertion immediately after subsection (1A) of that section of the following new subsection :-
| | "(1B) The assessable income of any primary dealer, on or after April 1, 2002, shall not include any interest income received or accruing where -
| | | (a) tax, on the total amount of such interest has been deducted under section 122A or section 122B, as the ease may be : and |
| (b) such interest income has been accrued or arisen to such primary dealer in respect of a primary market transaction on any Security or Treasury Bonds issued under the Registered stock and Security Ordinance (Chapter 420) or Treasury Bill issued under the Local Treasury Bills Ordinance (Chapter 417) or Central Bank Security issued under the Monetary Law Act (Chapter 422) referred to in section 122A or any debt security issued by a company under section 122B as the case may be.; and ; |
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| (3) in the proviso to subsection (2) of that section -
| | (a) in sub-paragraph (c) of paragraph (iii) of that subsection by the substitution for the words "moneys worth.", of the words "money's worth ;": | | |
| | (b) by the insertion immediately alter paragraph (iii) of that proviso of the following paragraph :-
| | | "(iv) no deduction shall be allowed in respect of any sum paid if the amount payable has already been allowed in any year of assessment commencing prior to April 1,2002 |
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Sri Lanka Consolidated Acts