Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsTaxable wealth of the head of a family
| 7. * The values of the net wealth of the members of a family, other than the head of that family, for any year of assessment shall be aggregated. The aggregate of such values shall be deemed to form part of the value of the net wealth of the head of that family for that year of assessment. Such part of the net wealth of the head of that family for that year of assessment as is in excess of two hundred thousand rupees in value shall be his taxable wealth for that year of assessment, and he shall be liable to make the contribution in respect of such taxable wealth to the Personal Tax. |