Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 8 of 2001) - Sect 7

Amendment of section 32 of the principal enactment

7.Section 32 of the principal enactment is hereby amended as follows :
(1) by the addition, at the end of that section of the following new subsection :
(8) Where a fund or society has been set up or formed for the welfare of the members of the Sri Lanka Army, Sri Lanka Navy, Sri Lanka Air Force or the Sri Lanka Police Force and their respective families, the Commissioner-General may, subject to such conditions as he may specify, reduce or remit the tax payable by such fund or society, as the case may be, if it appears to the Commissioner-General that such reduction or remission is just and equitable in all the circumstances of the case.";
(2) by the substitution for the marginal note to that section of the following :


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