Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 21 of the principal enactment
| 12. Section 21 of the principal enactment as amended by Act, No. 12 of 2004 is hereby further amended by the substitution for the words and figures from "the government sells any house or flat", to the end of that section of the words and figures "the government sells on or before March 31, 2005 any house or flat, the floor area of which does not exceed two thousand square feet and the construction of which was commenced by such person on or after January 1, 1977 such sale being the first sale of that house or flat, seventy five per centum of the profits and income arising from such sale shall be exempt from income tax". |