58. Where a dividend is paid by any resident company to any resident or non-resident company and either"
| (a) a deduction has been made under section 61 in respect of that dividend by the first-mentioned resident company : or |
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| (b) that dividend is exempt from income tax under section 1 ; or |
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| (c) such dividend consists of any part of the amount of a dividend received by the first-mentioned resident company irons another resident company : or |
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| (d) such dividend is a dividend declared by a quoted public company , |
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such dividend shall, notwithstanding anything to the contrary in any other provision of this Act, be deemed not to form part of the assessable income of the second-mentioned company. |
Sri Lanka Consolidated Acts