15. There shall be exempt from income tax -
| (a) the profits and income arising to any person from the sale of gems to the State Gem Corporation ; |
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| (b) the income accruing to any person from any investment made by him, with the approval of the Central Bank of Ceylon and in accordance with the conditions imposed by such Bank, with moneys lying to his credit in. such special account as is referred to in paragraph (d) of section 10 ; |
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| (c) the emoluments earned in any year of assessment in foreign currency by any individual resident in Sri Lanka, in respect of services rendered by him in that year of assessment outside Sri Lanka in the course of any profession or vocation carried on or exercised by him, if such emoluments (less such amount expended by such individual outside Sri Lanka as is considered by the Commissioner-General to he reasonable personal expenses) are remitted by him to Sri Lanka ; |
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| (d) the income accruing to a person receiving instruction at any university, college, school, or other educational establishment from a scholarship, exhibition, bursary, or similar educational endowment; |
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| (e) any capital sum received by way of death gratuity or as compensation for death or injuries ; |
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| (f) any sum received by an informer as a reward under any scheme for the payment of rewards by a Government institution ; |
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| (g) wound and disability pensions granted to members or ex-members of the Forces of Her Majesty the Queen of the United Kingdom; |
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| (h) United States Government disability pensions; |
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| (i) any prize received, at a lottery conducted by the National Savings Bank, by the holder of any bond issued by that Bank on which interest is not payable by that Bank ; |
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| (j) any royalty received by a non-resident person from a company with which an agreement has been entered into by the Greater Colombo Economic Commission under section-17 of the Greater Colombo Economic Commission Law, No. 4 of 1978, in respect of any period during which the profits and income of that company are exempt from income tax under the terms of that agreement. |
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Sri Lanka Consolidated Acts