17. Section 29 of the principal enactment as amended by Act,No. 12 of 2004, hereby further amended as follows:-
| (1) in subsection (1 A) of that section:-
| | (a) by the substitution in paragraph (a) of that subsection, for the words and figures "section 122A and section 122B ; and, of the words and figures "section 122A and section 122B;" ; | | |
| | (b) by the substitution in paragraph (b) of that subsection, for. the words "through any other company,'', of the words "through any other company ; and" ; and | | |
| | (c) by the insertion immediately after paragraph (b) of that subsection, of the following new paragraph :-
| | | "(c) statutory income from interest arising or accruing to any individual in respect of a secondary market transaction on any Security or Treasury Bond issued under the Registered Stock and Securities Ordinance (Chapter 420), or Treasury Bill issued under Treasury Bills Ordinance (Chapter 417), or , Central Bank Securities issued under the Monitory Law Act (Chapter 422) and from the interest on which tax under section 122A has been deducted from a primary dealer,"; |
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| (2) in subsection (1B) of that section, by the substitution for all the words and figures from "for the purposes of subsections (1A) and (1B)", to the end of that paragraph, of the following words and figures :- |
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| (3) in subsection (2) of that section :-
| | (a) by the repeal of paragraph (i) of the definition of "interest" appearing in sub-paragraph (iv) of paragraph (aaa) of that subsection and the substitution therefor of the following paragraph :-
| | | "(i) for the construction or purchase of any building or for the purchase of any site for the construction of any building on or after April 1,2004;"; |
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| | (b) in paragraph (f) of that subsection:-
| | | (i) by the substitution for all the words from "of thirty five per centum of the total statutory income" to the words "and so on:", of the following words and figures :- |
| (ii) in item (iii) of the proviso to that paragraph, by the substitution for the words "deducted from income arising;"; of the words "deducted from income arising subsequent to such declaration of insolvency ;" ; and |
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| (4) in subsection (2A) of that section, by the substitution for the words and figures "The provisions- of paragraphs (a),(c), (d) and (e) of subsection (2), shall" of the words and figures, "The provisions of paragraphs (b), (c), (d) and (e) of subsection (2), or subsection (4), or sub-paragraphs (i) and (iii) of paragraph (d) of subsection (5), or subsection (6), (7) and (8) shall". |
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Sri Lanka Consolidated Acts