| 1.
| | This Act may be cited as the Inland Revenue Act, No. 4 of 1963. |
| 2.
| | Imposition of income tax. |
| 3.
| | Income chargeable with tax. |
| 4.
| | Special provisions regarding capital gains and capital losses and regarding the computation of income tax on taxable incomes which include the value of a prize won at a sweep or lottery. |
| 5.
| | Exemptions. |
| 6.
| | Exemption for profits and income of certain corporations and industrial undertakings. |
| 7.
| | Exemption for profits and income from the export trade of approved industrial undertakings |
| 8.
| | Exemptions from income tax in respect of charitable institutions. |
| 9.
| | Exemption of interest on Government loans. |
| 10.
| | Deductions allowed. |
| 11.
| | Deductions not allowed, |
| 12.
| | Basis for computing statutory income. |
| 13.
| | Relief from tax in connection with commencement and cessation of profession, vocation or employment. Cap. 242. |
| 14.
| | Apportionment of profits. |
| 15.
| | Deductions from statutory income in arriving at assessable income. |
| 16.
| | Taxable income. |
| 17.
| | Bates of tax for year of assessment 1963-1964 and subsequent years, |
| 18.
| | Persons to whom this Chapter applies. |
| 19.
| | Individuals who are deemed to be a family. |
| 20.
| | Taxable income and the individual liable to pay income tax on such income. [ 12,18 of 1965.] |
| 21.
| | Allowances to be deducted from assessable income in arriving at taxable income. |
| 22.
| | Units and fractions of units. [ 3, 12 of 1964] |
| 23.
| | Computation of income tax payable by individuals to whom this Chapter applies for the year of assessment ending on March 31, 1964. [ 4 (1), 12 of 1964.] |
| 23A.
| | Computation of income tax payable by individuals to whom this Chapter applies for any year of assessment commencing on or after April 1, 1964. [ 5. 12 of 1964.] [ 14, 18 of 1965.] |
| 24.
| | Proportionate allowances and proportionate charge of tax. [ 6, 12 of 1964.] |
| 25.
| | Tax to which resident companies are liable. |
| 26.
| | Tax to which non-resident companies are liable. |
| 27.
| | Resident company entitled to deduct from any dividend tax of 331/3 per centum and if so requested by the Commissioner tax at a higher rate. |
| 28.
| | Persons to whom this Chapter shall not apply. |
| 29.
| | Charge of the wealth tax. [ 7 (1), 12 of 1964.] |
| 30.
| | Wealth to include certain property. |
| 31.
| | Certain property to be excluded from wealth. |
| 32.
| | Taxable wealth of persons included in a family. |
| 33.
| | Taxable wealth of person other than an Individual included in a family or a charitable institution. [ 9 (1), 12 of 1964.] |
| 34.
| | Taxable wealth of a charitable institution. [ 10 (1), 12 of 1964.] |
| 35.
| | Value of property which constitutes wealth. |
| 36.
| | Collection of wealth tax from other members of a family. [ 20 (1), 18 of 1965.] |
| 37.
| | Recovery of wealth tax from trustees. |
| 38.
| | Wealth tax not to exceed eighty per centum of assessable income. |
| 39.
| | Charge of the gifts tax. [ 56 (1), 11 Of 1963.] |
| 40.
| | Gifts to include certain transfers. |
| 41.
| | Exemption in respect of certain gifts. |
| 42.
| | Taxable gifts of a person, and computation of amount of contribution in respect of taxable gifts to the gifts tax. |
| 43.
| | Determination of value of gifts. |
| 44.
| | Income of married woman. |
| 45.
| | Separate assessment of husband and wife. |
| 46.
| | Separate assessment of child. |
| 47.
| | Returns to be furnished by receivers and trustees and their chargeability with tax. |
| 48.
| | Chargeability to income tax of trustee of an incapacitated person, |
| 49.
| | Liability of executor to income tax and wealth tax payable by deceased person. |
| 50.
| | Returns to be furnished by executors and charge-ability of executors and beneficiaries. |
| 51.
| | Joint trustees and executors. |
| 52.
| | Assessment of partnership income. |
| 53.
| | Ascertainment of profits from estates. |
| 53A.
| | Deduction of certain expenses in ascertaining profits from agriculture. [ 23, 18 of 1965.] |
| 53B.
| | [ 24, 18 of 1965.] Deduction of certain expenses in ascertaining profits from animal husbandry. [ 24, 18 of 1965.] |
| 53C.
| | Relief from income tax on account of goods manufactured in, and exported from, Ceylon. [ 25, 18 of 1965.] |
| 54.
| | What constitutes residence. |
| 55.
| | Chargeability of certain profits of non-resident persons. |
| 56.
| | Persons assessable on behalf of a non-resident person. |
| 57.
| | Liability of certain non-resident persons. |
| 58.
| | Profits of certain businesses to be computed on a percentage of the turnover. |
| 59.
| | Profits of non-resident persons from sale of exported produce. |
| 60.
| | Exemption of income of non-resident persons in certain cases. |
| 61.
| | Profits of non-resident shipowners or charterers. |
| 62.
| | Master of ship to be an agent. |
| 63.
| | Refusal of clearance where income tax is in arrear. |
| 64.
| | Application of sections 61 to 63 to profits of non-resident owners of aircrafts. |
| 65.
| | Ascertainment of profits of insurance companies. |
| 65A.
| | Ascertainment of profits of Insurance Corporation of Ceylon from the business of life insurance. [ 27, 18 of 1965.] |
| 66.
| | Deduction of income tax from interests, &c. |
| 67.
| | Relief on account of donations to the Government of Ceylon or to approved charities. |
| 68.
| | Relief from income tax in respect of premia on life insurance policies and annuities and provident or pensions fund contributions of employees. |
| 69.
| | Relief on account of approved investments. |
| 69A.
| | Deductions from income tax for approved savings. [ 31, 18 of 1965.] |
| 70.
| | Effect of agreements for double taxation relief. |
| 71.
| | Relief in respect of Commonwealth income tax. [ 32, (1), 18 of 1965.] |
| 72.
| | Relief in respect of Ceylon wealth tax. |
| 73.
| | Relief in respect of allowances granted to Ministers, Senators and Members of the House of Representatives. [ 34 (1). 18 of 1965.] |
| 74.
| | Applicability of provisions relating to particular sources of profits or income. |
| 75.
| | Profits of a company from transactions with its shareholders. |
| 76.
| | Income from certain dividends to include tax thereon. |
| 77.
| | How certain receipts from insurance to be treated. |
| 78.
| | Ascertainment of income of clubs, trade associations, &c. |
| 79.
| | Certain undistributed profits to be treated as distributed and certain transactions and dispositions to be disregarded. |
| 80.
| | Indemnification of representative. |
| 81.
| | Duty of persons chargeable with tax to furnish returns if not required to do so under section 82. |
| 82.
| | Returns and information to be furnished. [ 35, 18 of 1965.] |
| 83.
| | Information to be furnished by officials and employers. |
| 84.
| | Returns to be furnished of income received on account of, or paid to, other persons. |
| 85.
| | Occupiers to furnish returns of rent payable. |
| 86.
| | Return of lodgers and inmates. |
| 87.
| | Who may act for incapacitated or non-resident person. |
| 88.
| | Bankers to render returns of coupons cashed by them. |
| 89.
| | Precedent partner to act on behalf of a partnership. |
| 90.
| | Principal officer to act on behalf of a company or body of persons, |
| 91.
| | Signature and service of notices. |
| 92.
| | Power of Commissioner to impose penalty for failure to furnish return. [ 36, 18 of 1965.] |
| 93.
| | Assessor to make assessments. |
| 94.
| | Additional assessments |
| 95.
| | Notice of assessment. |
| 96.
| | Validity of assessments, &c |
| 97.
| | Appeals to the Commissioner. |
| 98.
| | Constitution of the Board of Review. |
| 99.
| | Right of appeal to the Board of Review. |
| 100.
| | Commissioner may refer appeals to the Board of Review. |
| 101.
| | Hearing and disposal of appeals to the Board of Review, |
| 102.
| | Appeal on a question of law to the Supreme Court. |
| 103.
| | Assessments or amended assessments to be final. [ 38 (1), 18 of 1965.] |
| 104.
| | Penalty for Incorrect return. |
| 105.
| | Reduction of the tax in certain circumstances. |
| 106.
| | Provisions regarding payment of tax. [ 39, 18 of 1965.] |
| 107.
| | Employer to deduct income tax and wealth tax due from employee from his remuneration and pay to the Commissioner. [ 40, 18 of 1965.] |
| 108.
| | Take to include fines, &c. [ 41 (1), 18 of 1965.] |
| 109.
| | Tax to be a first charge. |
| 110.
| | Recovery of tax by seizure and sale. |
| 111.
| | Proceedings for recovery before a Magistrate |
| 111A.
| | Recovery of tax by vesting immovable property of defaulter in the Crown. [ 45, 18 of 1965] |
| 112.
| | Recovery of tax out of debts, etc. |
| 113.
| | Recovery of tax from persons leaving Ceylon. |
| 114.
| | Use of more than one means of recovery. |
| 115.
| | Power of Commissioner to obtain information for the recovery of tax. |
| 116.
| | Liability of directors of private company in liquidation. Cap. 145. |
| 117.
| | Tax paid in excess to be refunded. |
| 118.
| | Penalties for failure to make returns, making incorrect returns, &c. |
| 119.
| | Breach of secrecy and other matters to be offences. |
| 120.
| | Penal provisions relating to fraud, &c. |
| 121.
| | Tax to be payable notwithstanding any proceedings for penalties, &c. |
| 122.
| | Prosecutions to be with the sanction of the Commissioner. |
| 123.
| | Officers. |
| 124.
| | Official secrecy. |
| 125.
| | Power to make rules. |
| 125A.
| | Forms.[ 49, 18 of 1965.] |
| 126.
| | Power to search buildings or places. |
| 127.
| | Admissibility of statements and documents in evidence. |
| 128.
| | Amendment of Schedule to the Act and variation of rates of tax. |
| 129.
| | Interpretation. [ 51 (1), 18 of 1965.] |
| 130.
| | Amendments to the Income tax Ordinance, the Personal Tax Act, the Land Tax Act and the Companies Tax Act, and repeal of the Double Taxation (Relief) Act. |