41.
| (1) Where the taxable income of any person (other than a company) for any year of assessment includes any dividend being a dividend."
| | (a) out of profits and income referred to in section 40 : or | | |
| | (b) paid out of any such dividend as is referred to in paragraph (a) receded by any company directly from a company referred to in section 40 or through one or more intermediary companies, if the first mentioned dividend is paid during the year of assessment in which the profits and income referred to in section 40 arose or accrued or within two years from the end of that year of assessment | | |
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| (2) Where the taxable income of any company includes any dividend referred to in subsection (1). the rate of income tax applicable to such part of such taxable income as consists of such dividend shall, subject to the provisions of section 58 be fifteen per centum. |
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Sri Lanka Consolidated Acts