45. Amendment of section 156 of the principal enactment

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

Section 156 of the principal enactment is hereby amended as follows:—

(1)

in subsection (1) of that section, by the substitution for the words “credit for income tax so deducted, duties of banks and financial institutions,”, of the words “credit for income tax so deducted, issue of directions, duties of banks and financial institutions,”; and

(2)

by the addition immediately after subsection (2) of that section, of the following new subsections:—

“(3)

Any person or partnership who or which is liable to deduct income tax from any rent, lease rent or other payments made by such person or partnership under this Chapter, shall apply for and obtain a registration number from the

Commissioner-General thirty days prior to the commencement of such deduction of tax and shall furnish a return on a monthly basis, containing such particulars as may be specificed by the

Commissioner-General in relation to such deductions.

(4)

Any person or partnership who or which does not register or does not furnish any return as required under the subsection (3), shall be liable to a penalty not exceeding fifty thousand rupees which may be imposed by the Commissioner-General.”.

Read on from s 46