7. Amendment of section 23 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 23 of the principal enactment as amended by

Act, No. 10 of 2002 is hereby further amended in subsection (1) of that section as follows :–

(1)

in paragraph (b) of that subsection by the repeal of sub-paragraph (iii) thereof and the substitution therefor of the following sub-paragraph–

“(iii)

any motor coach acquired by such person and used in any trade, business, profession or vocation, in transporting employees of such trade, business, profession or vocation to, or from their place of work, at the rate of one hundred percentum of its cost of acquisition ; ” and

(2)

in paragraph (c) of that subsection by the repeal of sub-paragraph (ii) thereof and the substitution therefor of the following sub-paragraph–

“(ii)

one-fourth of any payment made for any year of assessment on or after April 1, 2002 ; ”.

Read on from s 8