18. Section 85A of the principal enactment is hereby amended as follows : "
| (1) by the substitution, for the word, " company " wherever it occurs, other than in paragraph (b), of the word, " person " ; |
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| (2) in paragraph (b),
| | (a) by the substitution, in sub-paragraph (i) of that paragraph, for the words, " total profits and income of that company for that year of assessment; and", of the words, "total profits and income of that company for that year of assessment" ; | | |
| | (b) by the substitution, in sub-paragraph (ii) of that paragraph, for the words, " total profits and income of that company for that year of assessment", of the words, " total profits and income of that company for that year of assessment ; and " ; and | | |
| | (c) by the addition, immediately after sub-paragraph (ii) of that paragraph, of the following sub-paragraph: "
| | | (iii) in the case of any person other than a company, the sum which bears to the income tax payable by that person for that year of assessment' after the deduction . of any relief granted under section 82 or section 33, the same proportion as the export profits and income of 'that person bear to the total profits and income of that person for that year of assessment. " and |
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| (3) in the marginal note to that section, by the substitution for the words, " companies engaged in exports, " of the words " persons engaged in exports.''. |
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Sri Lanka Consolidated Acts