13. Section 24 of the principal enactment amended by Act, No. 21 of 1994 is hereby further amended in subsection (I) of that section as follows :
| (1) in paragraph (q) of that subsection, by the substitution, for the words and figures "entered into by him on or after April 1, 1987, in any year" of the words and figures "entered into by him on or after April 1, 1987 but prior to April 1. 1997, in any year"; and |
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| (2) by the insertion immediately after paragraph (q) of that subsection, of the following paragraph :
| | "(qq) such part of the rental paid by him under any agreement entered into by him on or after April 1, 1997, in any year of assessment in respect of any
| | | (i) plant, machinery, fixtures or equipment other than plant, machinery, fixture;." or equipment referred to in sub-paragraph (ii), as is in excess of an amount equal to one-half of the total rental payable under such agreement; and |
| (ii) motor vehicle, lorry, bus, tractor, trailer or office furniture, as is in excess of any amount equal to one-fourth of the total rental payable under such agreement;". |
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Sri Lanka Consolidated Acts