13. Section 12 of the principal enactment is hereby amended as follows : -
| (1) by the renumbering of that section as subsection (1) of section 12 ; |
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| (2) in the renumbered subsection (1) -
| | (a) by the insertion, immediately after paragraph (a) of that subsection, of the following : -
| | | "(ab) the following for any year of assessment, commencing on April 1, 1958 : -
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| | (b) by the insertion, immediately after paragraph (ab) of that subsection of the following new paragraph : -
| | | "(ac) for any year of assessment commencing on or after April 1, 1962, any travelling expenditure incurred in connexion with any trade, business, profession or vocation carried on or exercised by such person other than-
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| | (c) by the omission of paragraph (e) of that subsection ; | | |
| | (d) in paragraph (h) of that subsection-
| | | (i) by the substitution for the words by way of United Kingdom income tax, or super tax or surtax (other than the excess of any such United Kingdom income tax, or super tax or surtax over such maximum amount", of the words " by way of income tax or super tax or surtax or any other tax of a similar character in any country with which arrangements for the avoidance of double taxation have been made by the Government of Ceylon (other than the excess of any such income tax, or super tax or surtax or other tax of a similar character, over such maximum amount", and |
| (ii) by the substitution, for the words and figures " in section 49 ", of the following : - |
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| (3) by the addition, at the end of the renumbered subsection (1), of the following new subsections : -
| | "(2) For the purpose of determining the expenditure incurred in connexion with travelling which is referred to in paragraph (ac) of subsection (1) and in respect of which deduction is allowed under this section, such expenditure shall-
| | | (a) in relation to any person carrying on any trade or business or exercising any profession or vocation, or in relation to any executive officer in the employment of such person,
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| (b) in relation to any officer other than an executive officer who is in the employment of such person be computed in accordance with the rates prescribed from time to time in the Financial Regulations of the Government of Ceylon for ascertaining the cost of travelling in regard to public officers. |
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| | (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 of any vehicle used for travelling for the purpose of his trade, business, profession or vocation except in the case 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 may consider reasonable for such depreciation. | | |
| | (4) An Order made by the Minister for the purpose of paragraph (h) of subsection (1) may be declared to take effect from a date earlier than the date on which that Order is made. | | |
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Sri Lanka Consolidated Acts