| 1.
| | This Act may be cited as the Finance Act, No. 65 of 1961. |
| 2.
| | Vesting of ordinary shares of the Bank in the Government |
| 3.
| | Compensation to be payable in respect of the ordinary shares of the Bank vested in the Government |
| 4.
| | Compensation in respect of shares vested in the Government to be charged on the Consolidated Fund. |
| 5.
| | Limitation of the power of the Bank to carry on certain kinds of business. |
| 6.
| | Certain acts not to be done without the prior authority of the Secretary to the Treasury. |
| 7.
| | Former Directors of the Bank deemed to have administered the affairs of the Bank for and on behalf of the Government. Cap. 397. |
| 8.
| | Special provisions in respect of certain matters relating to the Bank. |
| 9.
| | Government Director deemed to have had the right to vote at meetings of the Directors. Cap. 397. |
| 10.
| | Power to make regulations to give effect to certain matters arising out of this Part of this Act. |
| 11.
| | Provisions of this Part of this Act to prevail over the Bank of Ceylon Ordinance. |
| 12.
| | Interpretation. |
| 13.
| | Every person chargeable with income tax for the year of assessment commencing on April 1, 1961, liable to pay a surcharge equivalent to fifteen per centum of the income tax payable by him for that year. |
| 14.
| | Amendment of section 23f of the Income Tax Ordinance. |
| 15.
| | Non-applicability of sections 3 and 4 of the Land Tax Act for any year of assessment commencing on or after April 1, 1961. |
| 16.
| | Land tax for the year of assessment commencing on April 1, 1961, and the succeeding year of assessment [ 2, 3 of 1963.] |
| 17.
| | Application of sections 7 and 8 of the Personal Tax Act in respect of any year of assessment commencing on or after April 1, 1961. |
| 18.
| | Imposition and levy of surtax and payment of balance surplus income to Commissioner. [ 2, 9 of 1962.] [ 3, 3 of 1963.] |
| 19.
| | Issue of National Development Bonds to persons who have paid moneys under section 18(2). |
| 20.
| | Regulations. |
| 21.
| | Interpretation. |
| 22.
| | Opening of accounts in banks on or after the relevant date. |
| 23.
| | Managers of banks required to furnish information for the purposes of this Part. |
| 24.
| | Imposition of Sales tax. |
| 25.
| | Presumptions. |
| 26.
| | Responsibility of registrant to pay Sales tax. |
| 27.
| | Regulations. |
| 28.
| | Determination of value of any article subject to the Sales tax. |
| 29.
| | Interpretation. |
| 30.
| | Power of Commissioner to levy and recover from individuals liable to income tax of the Government rice subsidy.[ 5, 9 of 1962.] [ 5, 3 of 1963.] Cap. 171. |
| 31.
| | Regulations. |
| 32.
| | Non-application of this Part to the emoluments of certain persons. [ 7, 9 of 1963.] |
| 33.
| | Levy of the National Development Tax. [ 6, 3 of 1963.] |
| 34.
| | Limits for the levy of the National Development Tax. |
| 35.
| | Deduction of National Development Tax. [ 9, 9 of 1962.] [ 7, 3 of 1963.] |
| 36.
| | Payment of National Development Tax to Commissioner. [ 10, 9 of 1962.] |
| 36A.
| | Payment of National Development Tax by employees in certain circumstances[ 11, 9 of 1962.] |
| 37.
| | Recovery of the National Development Tax. [ 12, 9 of 1962.] Cap. 242. |
| 38.
| | Amount of the National Development Tax paid by an employee shall be allowed as a deduction for the purposes of the levy of income tax. [ 8, 3 of 1963.] |
| 39.
| | Interpretation. [ 13, 9 of 1962.] |
| 40.
| | Duty of person practising a profession to register himself in the register. [ 10, 3 of 1963.] |
| 41.
| | Conditions for registration. |
| 42.
| | Duration of registration. [ 11, 3 of 1963.] |
| 43.
| | Persons getting an income of over three thousand six hundred rupees to pay National Development Tax on such income. [ 17, 9 of 1962.] [ 12, 3 of 1963.] |
| 44.
| | Duty of competent authority to specify in certificate issued to any person that such person has paid the National Development Tax. |
| 45.
| | Consequence of default in payment by any person practising a profession of the National Development Tax or any instalment thereof. [ 18, 9 of 1962.[ 13, 9 of 1963. |
| 46.
| | Appropriate fee. |
| 47.
| | Duty of proprietor of a business to register such business, and himself as proprietor thereof, in the register.[ 14, 3 of 1963. |
| 48.
| | Conditions for registration of businesses. |
| 49.
| | Duration of registration of business.[ 15, 3 of 1963.] |
| 50.
| | Persons getting an income of over three thousand six hundred rupees from any-business to pay National Development Tax on such income. [ 22, 9 of 1962.] [ 16, 3 of 1962.] Cap. 242. |
| 51.
| | Duty of competent authority to specify in the certificate that the proprietor has paid or undertaken to pay the National Development Tax. |
| 52.
| | Consequence of default in payment by any person carrying on a business of the National Development Tax or any instalment thereof. [ 23, 9 of 1962] |
| 53.
| | Appropriate fee for registration of a business. |
| 54.
| | Issue of receipts by competent authority.[ 24, 9 of 1962.] |
| 55.
| | Amount of the National Development Tax paid by any person under this Part shall be allowed as a deduction for the purposes of the Income Tax Ordinance. [ 25, 9 of 1962.] Cap. 242. |
| 55A.
| | Liability of person who practises a profession or carries on a business to pay registration fee and National Development Tax even if he has not caused himself or his business to be registered. [ 17, 3 of 1963.] |
| 56.
| | Power to make regulations. |
| 57.
| | Appointment of competent authorities. |
| 58.
| | Power to require information. |
| 59.
| | Payment of National Development Tax in special cases. [ 27, 9 of 1962.] |
| 59A.
| | Establishment of the National Development Fund}. [ 28, 9 of 1962.] |
| 60.
| | Regulations. |
| 61.
| | Offences. |
| 61A.
| | Offences by body of persons. [ 31. 9 of 1962.] |
| 62.
| | Protection for action taken under this Act. |
| 63.
| | Interpretation. |