21. Section 31 of the principal enactment is hereby amended as follows: -
| (1) in subsection (1) of that section, by the insertion immediately after paragraph (d) of that subsection, of the following new paragraph : -
| | " (dd) one motor car kept for his private use of which he is the owner or the possessor within the meaning of section 30 (1) (aa), so however that where more than one member of a family is entitled to exclude from his wealth one motor car under this paragraph the exclusion shall apply only in respect of one member of that family;"; | | |
|
|
| (2) by the insertion, immediately after subsection (1A) of that section, of the following new subsection: -
| | " (1B) Notwithstanding anything in paragraph (d) of subsection (1), there shall not be excluded from the wealth of any person for any year of assessment commencing on or after April 1, 1975, any motor car kept for his private use and of which he is the owner." ; | | |
|
|
| (3) by the insertion, immediately after subsection (2) of that section, of the following new subsection: -
| | " (2A) Notwithstanding anything in subsection (2), there shall not be excluded from the wealth of any person for any year of assessment commencing on or after April 1, 1975, any investment referred to in that subsection.", and | | |
|
|
| (4) in subsection (3) of that section, by the substitution for the words " any year of assessment " occurring in that subsection, of the expression " any year of assessment commencing not later than April 1, 1974.". |
|
|
Sri Lanka Consolidated Acts