63.
| (1) An Assessor may give notice in writing to the executor of a deceased person requiring him to furnish within the period specified in such notice-
| | (a) a return for the purposes of income tax of the income from the estate administered by him and the name and address of each heir and other person having any interest in the estate of the deceased person (such heir or other person hereinafter referred to as a "beneficiary") and his interest in such estate ; | | |
| | (b) a return for the purposes of wealth tax, of the assets and liabilities of the estate administered by him and the names and addresses- of the beneficiaries of, and their interest in, such estate. | | |
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| (2) A beneficiary shall, subject to the provisions of sub- section (4), be chargeable with income tax or wealth tax in respect of his share of the income or of the net wealth. to which he is entitled from the estate of the deceased per son. |
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| (3) Where, for any year of assessment, a beneficiary is chargeable with income tax or wealth tax under subsection (2) in respect of his share of the income or of the net wealth to which he is entitled from the estate of a deceased person, the executor of that estate shall, on or before the thirtieth day of July, October and January of that year of assessment and of April of the succeeding year of assessment, give to the beneficiary in such form as may be specified by the Commissioner-General, a notice stating the amount of such income or net-wealth and such notice shall contain the particulars required to be set out in such form. |
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| (4) Where the income or the net wealth to which a beneficiary is entitled from the estate of a deceased person can not be ascertained, the executor shall be chargeable with income tax or wealth tax in respect of such income or net wealth. |
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| (5) The income tax and wealth tax with which an executor is chargeable under this Act for any year of assessment shall be paid by him in accordance with the provisions of section 97, notwithstanding that no assessment has been made on him. |
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Sri Lanka Consolidated Acts