Surcharge on Income Tax (Amendment) Act (No. 13 of 1995)

Sri Lanka Consolidated Acts

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Surcharge on Income Tax (Amendment) Act (No. 13 of 1995) - Sect 6

Amendment of section 5 of the principal enactment

6. Section 5 of the principal enactment is hereby amended in subsection (2) of that section, by the repeal of paragraph

(ii) of the proviso to that subsection, and the substitution therefor of the following paragraph: -" (ii) where any person who is liable to pay the surcharge under this Act for a relevant year pays as such surcharge-

(a) for the relevant year commencing on April 1, 1989-

(i) not less than 7 1/2 per centum on or before August 15,1989, and

(ii) not less than 7 1/2 per centum on or before Nov 15,1989,

(b) for the relevant year commencing on April 1, 1990-

(i) not less than 71/2 per centum on or before August 15, 1990, and

(ii) not less than 7 1/2 per centum on or before November 15, 1990,

(i) not less than 7 1/2 per centum on or before August 15, 1991, and

(ii) not less than 7 1/2 per centum on or before November 15, 1991,

(d) for the relevant year commencing on April 1, 1992-

(i) not less than 71/2 per centum on or before August 15, 1992, and

(ii) not less than 7 1/2 Per centum on or before November 15, 1992,

(e) for the relevant year commencing on April 1, 1993-

(i) not less than 7 1/2 per centum on or before August 15, 1903, and

(ii) not less than 7 1/2 per centum on or before November 15, 1993,

(f) for the relevant year commencing on April 1, 1994-

(i) not less than 7 1/2 per centum on or before August 15, 1994, and

(ii) not less than 7 1/2 per centum, on or before November 15, 1994,

(g) for the relevant year commencing on April 1, 1995-

(i) not less than 7 1/2 per centum on or before August 15, 1995, and

(ii) not less than 7 1/2 per centum on or before November 15, 1995,

such person shall not be liable to any penalty under this section, in respect of the payments he is required to make under section 3 if he pays the excess of the surcharge payable by him for that relevant year over the amount paid by him, on or before- November 30, 1990, in the case of the relevant year commencing on April 1, 1989, November 30, 1991, in the case of the relevant year commencing on April 1, 1990, November 30, 1992, in the ease of the relevant year commencing on April 1, 1991, November 30, 1993, in the case of the relevant year commencing on April 1, 1992, November 30, 1994, in the ease of the relevant year commencing on April 1, 1993, November 30, 1995, in the case of the relevant year commencing on April 1, 1994,November 30, 1996. in the case of the relevant year commencing on April 1, 1995.".

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