அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Where a State land is transferred or leased to a project approved by the Cabinet of Ministers as a Development
Project to which freehold right or leasehold right of the State land to be transferred, such project shall be granted a deduction amounting to twenty-five per cent of the land value or total lease rental, determined under section 13:
Provided that, any such Development Project shall be implemented by—
(a)
a citizen of Sri Lanka; or
Land (Restrictions on Alienation)
(b)
a company incorporated in Sri Lanka under the
Companies Act, where fifty per cent or above of its shareholding is held by citizens of Sri Lanka.