4. Any person to whom this Act applies and who has-
| (a) made any investment in accordance with the provisions of section 3(1)(b)(i); or |
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| (b) made any deposit in accordance with the provisions of section 3(1)(b)(ii) and paid the amnesty tax, thereon ; |
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and made the appropriate declaration referred to in section 5, shall not be liable-
| (a) to pay-
| | (i) any income tax or surcharge on income tax payable respectively, under the law for the time being applicable to the imposition of income tax or the law for the time being applicable to the imposition of surcharge on income tax, as the case may be, in respect of such part of his profits and income for any year of assessment ending on or before March 31, 1996, as is represented by the moneys invested in accordance with the provisions of section 3(1)(b) (i) or deposited in accordance with the provisions of section 3(i)(b) (ii) and in relation to which the amnesty fax has been paid ; | | |
| | (ii) any wealth tax or surcharge on wealth tax payable respectively, under the law for the time being applicable to the imposition of wealth tax or the law for the time being applicable to the imposition of surcharge on wealth tax, as the case may be, in respect of such part of his net wealth for any year of assessment ending on or before March 31, 1992, as had been acquired by the utilization of such part of his profits and income as is referred to in sub-paragraph (i) ; or | | |
| | (iii) any business turnover tax under the Finance Act, No. 11 of 1963 or any turnover tax under the Turnover Tax Act, No. 69 of 1981 or any National Security levy under the National Security Levy Act, No. 52 of 1991, in respect of the turnover from which such part of the profits and income as is referred to in sub-paragraph (i) arose or was derived ; or | | |
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| (b) to a prosecution or to a penalty for any offence under-
| | (i) the law for the time being applicable to the imposition of income tax or surcharge on income tax or wealth tax or the surcharge on wealth tax in relation to any year of assessment ending on or before March 31, 1996, in respect of, or in connection with, such part of his profits and income as is referred to in sub-paragraph (i) of paragraph (a) or such part of his net wealth as is referred to in sub-paragraph (ii) of paragraph (a) ; | | |
| | (ii) the Finance Act, No. 11 of 1963 or the Turnover Tax Act, No. 69 of 1981 or the National Security levy Act, No. 52 of 1991 in respect of, or in connection with, such part of his turnover as is referred to in sub-paragraph (iii) of paragraph (a) ; | | |
| | (iii) the Exchange Control Act, in respect of such part of the moneys so invested or so deposited as consists of moneys obtained by the conversion of any relevant foreign currency. | | |
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Sri Lanka Consolidated Acts