131.
| (1) Every specified person shall, subject to the provisions of this Chapter, deduct from any specified fee tax payable to any person or to any partnership, at the time such specified fee is paid, income tax at the rate of five per centum of such specified fee. |
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| (2) For the purposes of subsection (1)"
| | (a) "specified person" in relation to any year of assessment means any person, partnership or body of persons, who or which either on his or its own behalf or on behalf of any other person or persons or partnership or partnerships is likely to pay or to credit in that year of assessment or has paid or credited in the year of assessment immediately preceding that year of assessment"
| | | (i) a specified fee of or specified fees aggregating to not less than thirty thousand rupees to any other person on to any other partnership; or |
| (ii) specified fees aggregating to not less than two hundred and fifty thousand rupees : and |
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| | (b) "specified fee" means any sum payable by any specified person as consideration for services rendered by any person or by any partnership, as the case may be. in the course of any business, profession or vocation or other activities of an independent character carried on or exercised by such person or any partner of such partnership, as the case may be and includes any commission, brokerage or other sums of a like nature payable by such specified person but does not include any sum payable by such specified person to any employee of such specified person in the course of employment under such specified person. | | |
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Sri Lanka Consolidated Acts