14. Section 24 of the principal enactment is hereby amended in subsection (1) of that section, by the addition, immediately after paragraph (r) of that subsection of the following paragraph : "
| (s) such part of any sum paid or payable by such person, not being any venture capital company. any unit trust or any mutual fund, as consideration (for the management of any trade, business, profession or vocation carried on or exercised by him as exceeds"
| | (i) one million rupees or one per centum of the turnover of such trade, business, profession or vocation during the period of which profits and income are being ascertained whichever is lower ; or | | |
| | (ii) such amount as may be determined by the Commissioner-General, having regard to all the circumstances of the case, as being reasonable and commercially justifiable as such consideration | | |
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Sri Lanka Consolidated Acts