Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 41 of 1999) - Sect 9

Amendment of section 32DDD of the principal enactment

9. Section 32DDD of the principal enactment inserted by Act, No. 52 of 1998, is hereby further amended as follows :-
(1) in subsection (1) of that section, by the substitution, for the words and figures from "Where the taxable income" to "the tax shall be computed as follows :- of the following : -
(2) in subsection (2) of that section"
(i) in the proviso to paragraph (c) of that subsection, by the substitution, for the words "profits arising from such deemed sale.", of the words "profits arising from such deemed sale;"
(ii) by the addition immediately after paragraph (c) of that subsection of the following paragraph :-
"(d) undertaking for construed on work means an undertaking carried on by a resident person for the construction of any-


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