2. Section 2 of the Inland Revenue Act, No. 4 of 1963, hereafter in this Act referred to as the " principal Act ", is hereby amended as follows:-
| (1) in sub-section (1) of that section by the substitution, for the words and figures " commencing on or after April 1, 1963, ", of the words and figures" commencing on or after April 1, 1963, but not after April 1, 1970,"; and |
|
| (2) by the insertion, immediately after sub-section (1) of that section, of the following new subsection: -
| | " (1A) Income tax shall, subject to the provisions of this Act, be charged at the appropriate rates specified in the First and Second Schedules to this Act for every year of assessment commencing on or after April 1, 1971, in respect of the profits and income of every person from any employment for that year of assessment and from any source other than employment for the year preceding that year of assessment-
but without prejudice to any provisions of this Act which enact that tax is to be charged in particular cases in respect of profits and income of any other period.". | | | (a) wherever arising, in the case of a person who was resident in Ceylon in the year preceding the year of assessment, and |
| (b) arising in or derived from Ceylon, in the case of every other person, |
|
|
|
|
Sri Lanka Consolidated Acts