7. Section 11 of the principal enactment is hereby amended as follows:-
| (1) in subsection (1) of that section-
| | (a) by the substitution, for paragraph (cc) of that subsection, of the following new paragraph: -
| | | "(cc) any expenditure incurred for any year of assessment commencing on or after April 1, 1965, in travelling outside Sri Lanka in connection with any trade, business, profession or vocation carried on or exercised in Sri Lanka by such person, other than any such expenditure as is deductible under the provisions of paragraph (kk) of subsection (1) of section 10 ;"; |
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| | (b) by the substitution, for paragraph (f) of that subsection, of the following new paragraph: -
| | | " (f) one quarter of such person's cost of advertisement in connection with any trade, business, profession or vocation carried on or exercised by him other than the cost of advertise sing referred to in paragraph (kk) of subsection (1) of section 10;"; 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) No person carrying on any trade or business or exercising any profession or vocation shall be entitled to any sum for depreciation by wear and tear, or for renewal, or to any allowance under section 10 (1) (l) or 10 (1) (m) or 10 (1) (n), in respect of any vehicle used for travelling for the purpose of his trade, business, profession or vocation except in the ease of a vehicle, used for such purpose by an officer, who is not an executive officer, in the employment of such person, and in respect of the last-mentioned vehicle such person shall be entitled to such sum as the Commissioner-General may consider reasonable for such depreciation: | | |
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Sri Lanka Consolidated Acts