31. An allowance in respect of qualifying payments

a donation made by any person in money to an approved charity ;

a donation made in money or otherwise to—

the Government of Sri Lanka ;

a local authority ;

any Higher Educational Institution established or deemed to be established under the

the Buddhist and Pali University or any Higher

a fund established by the Government of Sri

a fund established by a local authority and approved by the Minister ;

the Sevana Fund created and administered by the National Housing Development authority established by the National Housing

a fund established by a Provincial Council and approved by the Minister.

expenditure incurred by any person on any project included in a development plan of the Government of

with the prior written approval of the Minister ;

in accordance with such terms and conditions as may have been specified by the Minister at the time of granting such approval, such approval being granted, and such terms and conditions being specified, by the Minister, having regard to the development priorities of the Government ;

any amount paid by an individual as a contribution to a provident fund for self employed persons approved by the Commissioner-General for such purpose ;

any contribution made by an individual to such provident fund or pension fund as is approved by the

a donation made by any person in money to—

the Industrial Technology Institute established by the Science and Technology Development

the Sri Lanka Foundation established by the

the Tower Hall Theatre Foundation established by the Tower Hall Theatre Foundation Act, No.

the Sri Lanka Inventors Commission established by the Sri Lanka Inventors Incentives Act, No.

the S.W.R.D. Bandaranaike National Memorial

the Institute of Fundamental Studies, Sri Lanka, established by the Institute of Fundamental

the International Winged Bean (Dambala)

the Sri Lanka Institute of Printing, established by the Sri Lanka Institute of Printing Act, No.

the Arthur C. Clarke Institute for Modern

the Institute of Policy Studies of Sri Lanka

the J. R. Jayawardena Centre established by the

any premia in any year of assessment, being premia which have accured due for payment ;

on a life insurance policy (not being a pure endowment policy) the premia in respect of which are payable annually over a period of not less than three years ;

on a policy of medical insurance, not being premia paid outside Sri Lanka in respect of any such policy issued outside Sri Lanka ;

expenditure incurred by any person in the production, at a cost not less than five million rupees, of any film, the production of which commences on or after

“expenditure” in relation to the production of a film includes any expenditure incurred in the promotion of that film within a period of ninety days from the date of completion of the production of such film ;

“film” means any audio-visual presentation of the moving image recorded on celluloid and which is intended primarily to be exhibited by projection on a screen in a cinema.

person, other than a company for any year of assessment—

in respect of all qualifying payments other than those referred to in paragraphs (b), (c), (g) and (h) of subsection (2), made by him or deemed to have been made by him in that year of assessment shall not exceed one third of such assessable income or twenty five thousand rupees which ever is less ;

in respect of all qualifying payments referred to in paragraph (c) of subsection (2), made by him or deemed to have been made by him in that year of assessment shall not exceed twenty five thousand rupees ;

in respect of all qualifying payments referred to in paragraph (g) of subsection (2), made by him or deemed to have been made by him in that year of assessment shall not exceed one-third of such assessable income or twenty five thousand rupees ; whichever is less ;

in respect of any qualifying payment referred to in paragraph (h) of subsection (2), deemed to have been made by him in that year of assessment shall not exceed ten million rupees ;

in respect of the aggregate of all qualifying payments referred to in paragraphs (i) and (ii)

a company for any year of assessment–

in respect of all qualifying payments other than those referred to in paragraphs (b) and (h) of subsection (2) made by that company or deemed to have been made by that company in that year of assessment shall not exceed one-fifth of such assessable income ;

in respect of any qualifying payment referred to in paragraph (h) of subsection (2) deemed to have been made by that company in that year of assessment shall not exceed ten million rupees.

an “approved charity” means an approved charity within the meaning of section 16A of the Inland

the amount of a donation made to the Government otherwise than in money shall be the value of such donation and such value shall —

be the cost incurred during that year of assessment by the donor of the property donated ; or

where the cost incurred by the donor during that year of assessment cannot be ascertained or where no cost was incurred in that year of assessment, be the market value of the property donated at the time of such donation.