5. Section 23A of the principal Act, as amended by Act No. 12 of 1964, Act No. 18 of 1965 and Act No. 6 of 1969, is hereby further amended as follows: -
| (1) in sub-section (1) of that section
| | (a) by the substitution, in paragraph (b) of that sub-section, for the words " Second Schedule to this Act; and", of the words " Second Schedule to this Act;"; | | |
| | (b) by the substitution, in paragraph (c) of that sub-section, for all the words and figures from " any year " to the end of that paragraph, of the following: - | | |
| | (c) by the addition, at the end of that sub-section, of the following new paragraph: -
| | | " (d) income tax for any year of assessment commencing on or after April 1, 1971, shall be computed in accordance with the provisions of Part V of the Second Schedule to this Act."; |
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| (2) in sub-section (4) of that section, by the substitution, for the expression " in Part IV of the Second Schedule", of the following: - |
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| (3) by the addition, at the end of that section, of the following new sub-sections: -
| | "(5) The income tax payable for any year of assessment commencing on or after April 1, 1969, by an individual who is resident in Ceylon throughout the year preceding that year of assessment shall not be more than the amount by which his assessable income exceeds six thousand rupees. | | |
| | (6) Where an individual is resident in Ceylon for only a part of the year preceding any year of assessment commencing on or after April 1, 1969, the income tax payable by such individual for that year of assessment shall not be more than the difference between his assessable income for that year of assessment and the amount which bears to six thousand rupees the same proportion as the number of days during which he is resident bears to the total number of days in the year preceding that year of assessment.". | | |
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Sri Lanka Consolidated Acts