5. The following new section is hereby inserted immediately after section 16C, and shall have effect as section 16D, of the principal Act: -
| 16D. Where for any year of assessment commencing on or after April 1, 1971, the assessable income of an individual who is the head of a family within the meaning of section 19 or an individual who is not included in a family, consists of profits and income specified in section 5 (4), an allowance of six hundred rupees shall be deducted from such assessable income in arriving at his taxable income for that year of assessment: |
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Sri Lanka Consolidated Acts