41. Amendment of section 61 of the principal enactment

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

Section 61 of the principal enactment is hereby amended as follows :—

(1)

in subsection (1A) of that section by the substitution for the words “shall be entitled to deduct” of the words “shall deduct [excluding any dividend payable to any institution referred to in items (ix), (xi), (xv), (xvii), (xx), (xxi), (xxxix), (liv), (lxiv), (lxv), (lxvi), (lxxii), (lxxiii), and (lxxiv) of section 8 (a)]” ; and

(2)

in subsection (4) of that section—

(a)

in paragraph (b) of the proviso to that subsection, by the substitution for the words

“income tax under this Act.”, of the words

“income tax under this Act ; or” ;

(b)

by the insertion immediately after the proviso to paragraph (b) of the following paragraph :—

“(c)

the amount of any dividend received from any other company on or after

April 1, 2002, subject to the deduction of income tax under subsection (1A).”.

Read on from s 42