81.
| (1) Where any person in Sri Lanka pays or credits to any person or partnership out of Sri Lanka any sum falling due as-
| | (a) interest on debentures, mortgages, loans, deposits or advances; or | | |
| | (b) rent, ground rent, royalty, or annuity which is payable either in respect of property in Sri Lanka or out of income arising in Sri Lanka, | | |
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| (2) Any person who deducts income tax in accordance with the provisions of subsection (1) from any sum paid or credited to a person or partnership out of Sri Lanka shall issue to such person or partnership a statement in writing showing -
| | (a) the gross amount of such payment or credit; | | |
| | (b) the rate and amount of the tax so deducted; | | |
| | (c) the net amount actually paid or credited. | | |
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| (3) Where the assessable income of a person includes a sum from which income tax has been deducted in accordance with subsection (1), he shall be entitled, on production of a statement relating to such sum issued in accordance with subsection (2), to a set-off against the tax payable by him, of the amount shown on such statement as the amount of tax deducted. |
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Sri Lanka Consolidated Acts