33 *.
| (1) Where the net wealth for the year of assessment ending on March 31, 1964, of a person, other than an individual who is included in a family or a charitable institution, amounts to or exceeds one hundred thousand rupees, such net wealth shall be the taxable wealth of such person for that year of assessment and such person shall be liable to the wealth tax in respect of such taxable wealth. [* The amendment made in section 33 by section 9 (1) (b) (ii) of Act No. 12 of 1984 shall be deemed to have come into force on March 30, 1963, and the other amendments made in the aforesaid section 33 by section 9 (1) of the aforesaid Act No. 12 of 1964, shall be deemed to have come into force on April 1, 1964.-See section 9 (2) of Act No. 12 of 1964.] |
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| (2) Such part of the net wealth for any year of assessment commencing on or after April 1, 1964, of a person, other than an individual who is included in a family or a charitable institution, as is in excess of one hundred thousand rupees shall be his taxable wealth for that year of assessment and such person shall be liable to wealth tax in respect of such taxable wealth. |
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Sri Lanka Consolidated Acts