Income Tax (Amendment) Act (No. 4 of 1963)

Sri Lanka Consolidated Acts

Amendment of section 48 of the principal enactment.[ 21, 13 of 1959.]

29. Section 48 of the principal enactment is hereby amended as follows : -

(a) in subsection (2) of that section-

(i) by the substitution, for the words " if he were resident", of the following : -

(ii) by the substitution, for the first proviso to that subsection, of the following proviso: -

(b) by the insertion, immediately after subsection (2) of that section, of the following new subsection:-

	"(2A) In respect of any year of assessment commencing on or after April 1. 1958, subsection (2) shall have effect as if it referred to a non-resident individual whose total income from all sources, wherever arising, does not exceed fifty thousand rupees.".