3. Where the aggregate of
| (a) the income tax payable for the relevant year; and |
|
| (b) the surcharge on income tax payable under this Act, by any person referred to in Column I of the Second Schedule to this Act, being a person whose taxable income for the relevant year does not exceed the amount specified in the corresponding entry in Column II of that Schedule, exceeds the difference between
| | (i) the taxable income of such person for the relevant year, and | | |
| | (ii) the amount specified in the corresponding entry in Column III of that Schedule, | | |
|
|
For the purposes of this section, every reference to the taxable income of a person for the relevant year shall, in the case of a liquidator of a company, be read and construed as a reference to the taxable income for the relevant year, of the company of which he is the liquidator. |
Sri Lanka Consolidated Acts