45. Rates of income tax on profits from certain undertakings carried on by a person other than a company

agricultural undertaking;

undertaking for the promotion of tourism ; or

undertaking for construction work , hereinafter in this section referred to as “specified profits”, such specified profits shall be chargeable with tax at the appropriate rate specified in the Fifth Schedule to this Act, notwithstanding anything to the contrary in any other provision of this Act.

“agricultural undertaking” includes any undertaking for—

fishing; and

provision of the services of management to any undertaking for cultivating land with plants of whatever description ;

profits and income from any agricultural undertaking means–

in the case of an undertaking referred to in sub-paragraph (ii) of paragraph (a), the profits and income from fees for providing the services of management; and

in any other case, the profits and income from the sale of produce of such undertaking without subjecting such produce to any process of production or manufacture;

“undertaking for construction work” means an undertaking carried on by a resident person for the construction of any–

building;

roads or bridges; or

water supply, drainage or sewerage system;

“undertaking for the promotion of tourism” means an undertaking for the operation of–

any hotel or guest house approved by the

any restaurant graded by the Ceylon Tourist

any business of travel agent;

any business of transporting tourists; or

any business approved by the Ceylon Tourist