Sri Lanka Consolidated Acts

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Personal Tax Act (No. 14 of 1959) - Sect 4

Contribution in respect of taxable wealth to the Personal Tax,

4. Subject to the other provisions of this Chapter, there shall be charged for every year of assessment commencing on or after April 1, 1959, a contribution, at the appropriate rate or rates specified in Schedule I to this Act, to the Personal Tax in respect of the taxable wealth, on the corresponding valuation date, of every person (including a Hindu undivided family), other than a company.


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