6.
| (1) Any person who has deposited any moneys in any such special account as is referred to in section 3, may with- draw the balance amount lying to his credit in such special account after payment of the tax referred to m section 4 after June 30, 1991 : |
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| (2) Where any person who withdraws after July 31, 1989, any moneys lying to his credit in any such special account as is referred to in section 3 for any of the purposes specified in the proviso to section 6, fails to apply such moneys for the purpose for which such moneys were withdrawn, such person shall be guilty of an offence under this Act and shall on conviction after summary trial before a Magistrate, be liable to a fine of an amount equal to the moneys withdrawn and an amount not exceeding fifty thousand rupees. |
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| (3) Notwithstanding anything in any other law, in computing the taxable income for any year of assessment commencing on or after April 1, 1939, of any person who withdraws after July 31, 1989, moneys lying to his credit in any such special account as is' referred to in section 3 and applies such moneys to any of the purposes specified in the proviso to section 6, no deduction shall be allowed from the assessable income of that person for that year of assessment, in respect of the moneys so applied. |
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Sri Lanka Consolidated Acts