46. Section 99 of the principal enactment is hereby amended as follows :"
| (1) in subsection (1) of that section, by the substitution, for the words ''within the period specified in such notice", of the words, "within the period specified in such notice, all particulars as may be necessary for the ascertainment of the statutory income in respect of any year of assessment including" ; |
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| (2) in the proviso to subsection (1) of that section"
| | (i) in paragraph (a) of that proviso for the words "published in the Gazette ;and of the words "Published in the Gazette:"; | | |
| | (ii) by the insertion immediately after paragraph (a) of that proviso of the following :" | | |
| | (iii) by the addition immediately after paragraph (b) of that proviso to that subsection of the following :" | | |
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| (3) by the insertion immediately after subsection (2) of that section of the following :" |
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| (4) in subsection (3) of that section "
| | (a) in sub-paragraph (ii) of paragraph (a) of that subsection by the substitution for the words "authorized representative ; or", of the words ''authorized representative; " ; | | |
| | (b) in sub-paragraph (iii) of paragraph (a) of that subsection by the substitution for the words "authorized representative ; and" of the words "authorized representative ; or" ; | | |
| | (c) by the insertion immediately after sub- paragraph (iii) of paragraph (a) of that subsection of the following :"
| | | "(iv) an auditor authorized to carry out audits of co-operative societies registered under the Co-operative Societies Law, No. 5 of 1972, in relation to any such co-operative society where the turnover of such society for the year does not exceed rupees fifty million;"; |
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| | (d) in sub-paragraph (b) of that subsection by the substitution for the words "sale of capital assets)", of the words "sale of capital assets) ; and" ; | | |
| | (e) by the addition at the end of that subsection of the following paragraph "
| | | "(c) "net profit" in relation to any trade, business, profession or vocation means net profit ascertained in accordance with accepted commercial practices and accounting standards", |
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Sri Lanka Consolidated Acts