10. Section 31 of the principal enactment. as amended by Act No. 33 of 1971, is hereby further amended as follows: -
| (1) in subsection (1) of that section, by the insertion immediately after paragraph (gg) of that subsection, of the following new paragraph: -
| | " (ggg) such moneys lying to his credit in any account in a commercial bank as, in the opinion of the Commissioner., represent moneys remitted by him to Sri Lanka under the Passport (Regulation) and Exit Permit Act, No, 53 of 1971; "; and | | |
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| (2) by the repeal of subsection (3) of that section. and the substitution therefor, of the following new subsection: -
| | " (3) Where a person has any share in the capita] of any corporation or undertaking specified in section 6 of this Act, the amount of that share shall be excluded from his wealth for any year of assessment if the period during which the profits and income of that corporation or undertaking are exempt from income tax does not expire earlier than the thirty-first day of March of the year preceding that year of assessment.". | | |
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Sri Lanka Consolidated Acts