3 Section 5 of the principal enactment is hereby amended by the repeal of subsection (2) of that section and the substitution, of the following subsection therefor :
| "(2) For the purposes of subsection (1), the turnover-
| | (i) in relation to any business shall, not include any amount received or receivable by the sale of capital assets ; | | |
| | (ii) arising, in the case of a financier or bank which functions as a primary dealer in treasury bills, treasury bonds or government securities, pursuant to such financier or bank being appointed as such by the Monetary Board of the Central Bank of Sri Lanka, under the Local Treasury Bills Ordinance or the Registered Stock and Securities Ordinance, from dealing in any such bill, bond or security, shall be the interest or discount received or receivable in respect of such bill, bond or security, after deducting therefrom the interest paid or the discount allowed in relation to any repurchase transaction in respect of such bill, bond or security .". | | |
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Sri Lanka Consolidated Acts