Sri Lanka Consolidated Acts

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Income Tax (Amendment) Act (No. 4 of 1963) - Sect 26

Amendment of heading "(l)" and section 47 of the principal enactment. [ 11, 38 of 1957.]

26.
(1) The heading " (L) " immediately preceding section 47 of the principal enactment is hereby amended by the substitution, for the words " life insurance POLICIES, AND PROVIDENT FUND CONTRIBUTIONS "occurring in that heading, of the words "life insurance POLICIES AND ANNUITIES,, AND PROVIDENT OF PENSIONS FUND CONTRIBUTIONS ".
(2) Section 47 of the principal enactment is hereby amended as follows : -
(a) in subsection (1) of that section-
(i) by the relettering of paragraph (b) of that subsection as paragraph (c),
(ii) by the insertion, immediately after paragraph (a) of that subsection, of the following new paragraph : -
(iii) by the substitution, in relettered paragraph (c) of that subsection, for the word " Commissioner,", of the words " Commissioner, or ",
(iv) by the insertion, immediately after the relettered paragraph (c) of that subsection, of the following new paragraph : -
(v) by the addition, at the end of that subsection, of the following : -
(b) in subsection (2) of that section by the substitution, for the word " policy ", of the words " policy or annuity " ; and
(c) in the marginal note to that section by the substitution, for the words " policies and provident fund ", of the words " policies and annuities and provident or pensions fund ".


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