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Legislative Enactments INCOME TAX Marginal Notes 1. This Ordinance may be cited as the Income Tax Ordinance. 2. Interpretation. 3. Administration. 4. Official secrecy. [5 3, 22 of 1940,] 5. Incidence of income tax. [ 2, 36 of 1951.] 6. Income chargeable with tax. [ 2, 25 of 1939.] [ 3, 3 of 1956.] [ 2, 18 of 1946.] [ 3, 3 of 1956.] [ 2, 30 of 1950] [ 3, 3 of 1956.] 7. Exemptions. 8. Exemption for profits of Government-sponsored corporations. [ 3, 36 of 1951.] [ 4, 28 of 1954.] 9. Exemption for profits of certain industrial undertakings. [ 3, 36 of 1951] [ 5, 3 Of 1956] 10. Exemption of interest on Government loans. 11. Deductions allowed. [ 3, 44 of 1949.] [ 3, 44 of 1949.] [ 6, 28 of 1954.] [ 6, 28 of 1954.] [ 3, 44 of 1949.] [ 2, 11 of 1955.] [ 6, 28 of 1954] [ 6, 28 of 1954.] [ 2, 11 of 1955.][ 6, 3 of 1956.] [ 4, 30 of 1950.] [ 6, 3 of 1956.] [ 3, 44 of 1949] [ 6. 28 of 1954.] [ 6, 28 of 1954.] [ 6, 28 of 1954.] [ 6, 28 of 1954.] [ 4, 25 of 1939.] 12. Deductions not allowed. 13. Basis for computing statutory income. [ 5, 25 of 1839.] [ 5, 25 of 1939.] [4, 18 of 1946.] [ 5, 25 of 1939.] [ 5, 25 of 1939] L 3, 12 of 1942.) [ 5, 25 of 1939.] [ 3, 12 of 1942.] 14. Apportionment of profits. 15. Deductions from statutory income in arriving at assessable income. [ 6, 25 of 1939.] [5 6, 25 of 1939.] [ 8, 3 of 1956.] [ 6, 25 of 1939.] [ 8, 3 of 1956.] [ 8, 3 of 1956.] 16. Taxable income. 17. Exemption from tax of certain resident individuals. [ 5, 30 of 1950.] 18. Allowances to resident individuals. [ 9, 3 of 1956.] [ 9. 3 of 1956.] [ 9, 3 of 1956.] [5 4, 38 of 1951.] [5 3, 30 of 1950.] 19. Proportionate allowances. 20. Exemption of income of non-resident persons in certain cases. [4. 12 of 1942.] [ 4, 12 of 1942.1 [ 4, 12 of 1942.] 21. Proof of claims. 22. Charge of tax and rates thereof. [ 5, 12 of 1942.] [ 14, 36 of 1951.] [, 34 of 1945.] [ 2, 3 of 1947.] [ 14, 36 of 1951.1 [ 5, 12 of 19 [ 5, 12 of 19 [4, 44 of 19 [ 10, 3 of 1956.] [ 7, 30 of 1950.] [5, 12 of 1942.1 [14, 36 of 1951.] [ 2, 34 of 1945.] [ 2, 3 of 1947.1 [ 14, 36 of 1951] [ 2, 3 of 1947.] [ 14, 36 of 1951.] [ 4, 44 of 1949.] I 5. 12 of 1942.] [ 2, 2 of 1948.] [14, 36 of 1951.] [ 7, 30 of 1950.] [ 7, 30 of 1950.] IS 14, 36 of 1951.] [ 5, 12 of 1942.] [2, 2 Of 1948.] [ 14, 36 of 1951.] [ 14, 36 of 1951.] [5 2, 2 of 1948.] [ 14, 36 of 1951.] [ 7, 30 of 1950.] [ 7, 30 of 1950.] [ 14, 36 of 1951J [5 14, 36 of 1951.] [ 2, 3 of 1947.] [7, 30 of 1950.] [ 7, 30 of 1950.] [ 14, 36 of 1951.1 [ 7, 25 of 1939.] [ 14, 36 of 1951.] [ 2, 34 of 1945.] [ 2, 3 of 1947.] [ 14, 36 of 1951.] [ 2, 34 of 1945.] [ 5, 18 of 1946.] [ 7, 30 of 1950.] [ 2, 34 of 1945,] [ 10, 3 of 1956.] [ 14, 36 of 1951.] [ 2, 34 of 1945.] [ 2, 3 of 1947.] [ 14, 36 of 1951.] [ 2, 2 of 1948.] [ 7. 30 of 1950.] [, 30 of 1950.] [ 14, 36 of 1951.] 23. Rates of tax for 1951 and subsequent years to be fixed by-resolution. [ 5, 36 of 1951.3 24. Income of married woman.[ 6, 12 of 1942.] [ 6, 18 of 1946.] [ 11. 3 of 1956] [5 11, 3 of 1956.] 25. Separate assessment of husband and wife. [ 12, 3 of 1956.] [ 8, 30 of 1950] [ 7, 36 of 1951.] [ 7, 36 of 1951.] [7, 36 of 1951.] 26. Chargeability of receiver and trustee. t 14, 36 of 1951.] [ 4, 34 of 1945.] [ 14. 3 of 1947.] [ 14, 36 of 1951.] [| 8, 36 of 1951.] [5 4, 34 of 1945.] 27. Adjustment of tax on the shares of the beneficiaries when an estate is distributed. [ 9. 25 of 1939] [ 9, 25 of 1939.] 28. Executor chargeable with tax for periods prior to date of death. [ 5, 44 of 1949.] 29. Joint trustees and executors. 30. Assessment of partnership income. [5 9, 36 of 1951.] [ 5, 34 of 1945] [ 5, 3 of 1947] 5 14, 36 of 1951] 31. Ascertainment of profits from certain agricultural undertakings. 32. Deduction of certain expenses in ascertaining profits from estates. [ 7, 28 of 1954.] 33. "What constitutes residence.[S 3, 1 of 1949.] 34. Chargeability of certain profits of non-resident persons. [5 13, 3 of 1956.] 35. Persons assessable on behalf of a non-resident person. 36. Liability of certain non-resident persons. 37. Profits of certain businesses to be computed on a percentage of the turnover. 38. Profits of non-resident persons from sale of exported produce. 39. Profits of non-resident ship-owners. 40. Master of ship to be an agent. 41. Refusal of clearance where tax is in arrear. 42. Application of sections 39 to 41 to profits of non-resident owners of aircraft. [S 4. 22 of 1940.1 43. Ascertainment of profits of insurance companies. 44. Deduction of tax from dividends. [5 3, 2 of 1948.] [ 10. 30 of 1950.] [ 10, 30 of 1950.] [ 14, 36 of 1951.] [ 8, 12 of 1942.] [5 6, 34 of 1945.] [ 8, 3 of 1947.] [ 14, 36 of 1951.] [ 10, 36 Of 1951.] [ 10, 36 of 1951,] [ 14, 36 of 1951] [3, 2 of 1948.] [ 14, 36 of 1951.] [ 10, 30 of 1950.] [ 10, 30 of 1950.] [ 14, 36 of 1951.] [ 10, 36 Of 1951] 45. Deduction of tax from interest, &c. [ 14, 36 of 1951] 4, 2 of 1948] [ 11, 30 of 1950.] [ 11, 30 of 1950.] [ 14, 36 of 1951] [, 12 of 1942.] [ 7, 34 of 1945.] [ 7, 3 of 1947] [ 14, 36 of 1951] [ 11, 36 of 1951.] [ 14, 36 of 1951.5 [ 14, 36 of 1951.] 14, 36 of 1951.] [ 4, 2 of 1948.] [ 11, 30 of 1950.] [ 11, 30 of 1950.] [ 14, 36 of 1951.] [ 4, 1 of 1949.] [ 11, 36 of 1951.] 46. Relief on account of donations to the Government of Ceylon or to approved charities. [ 12, 36 of 1951.] [ 9, 28 of 1954.] [ 14. 3 of 1956.] [ 9, 28 of 1954.] 47. Relief from tax in respect of premiums on life insurance policies and provident fund contributions of employees. [ 15. 3 of 1956.] 48. Relief in respect of United Kingdom income tax. [ 12, 30 of 1950.] [ 16, 3 Of 1956.] (& 11 Geo. 5, c. 18.) [ 7, 18 of 1946.] [ 13, 36 of 1951.] 49. Relief in respect of Commonwealth income tax 50. Relief in respect of income from houses rentable at not more than fifty rupees per mensem. [ 6, 44 of 1949.] 51. Applicability of provisions relating to particular sources of profits or income. 52. Profits of a company from transactions with its shareholders. 53. Income from certain dividends to include tax thereon. 54. How certain receipts from insurance to be treated. 55. Ascertainment of income of clubs, trade associations, &c. 56. Certain undistributed profits to be treated as distributed and certain transactions and dispositions to be disregarded. [ 4, 53 of 1942.] [ 17, 3 of 1956.] [ 17, 3 of 1956.] [ 17, 3 of 1956.] [ 17. 3 of 1956.] [ 17, 3 of 1956.] [ 8, 18 of 1946.] [ 17, 3 of 1956.] [ 17, 3 of 1956] 57. Indemnification of representative. 58. Returns and information to be furnished. [ 44 of 1949.1 [ 4, 11 of 1955.] 59. Information to be furnished by officials and employers. 60. Returns to be furnished of income received on account of, or paid to, other persons. 61. Occupiers to furnish returns of rent payable. 62. Return of lodgers and inmates. 63. Who may act for incapacitated or non-resident person. 64. Bankers to render returns of coupons cashed by them. 65. Precedent partner to act on behalf of a partnership. 66. Principal officer to act on behalf of a company or body of persons. 67. Signature and service of notices. 68. Assessor to make assessments. 69. Additional assessments. 70. Assistant Commissioner to scrutinize, amend, and allow assessments. 71. Notice to be issued by Assistant Commissioner. [ 10, 12 of 1942.] 72. Validity of assessments. 73. Procedure on appeals to the Commissioner. 74. Constitution of the board of review. 75. flight of appeal to the board of review. 76. Commissioner may refer appeals to the board of review. 77. Hearing and disposal of appeals to the board of review. 78. Appeal on a question of law to the Supreme Court. [ 2, 26 of 1939.] [ 2, 28 of 1939] [ 2, 26 of 1939.] 79. Assessments or amended assessments to be final. 80. Penalty for incorrect return. [ 18, 3 of 1956] 81. Provisions regarding payment of tax. 82. Tax to include fines, &c. 83. Tax to be a first charge. 84. Recovery of tax by seizure and sale. 85. Proceedings for recovery before a Magistrate. [ 5, 1 of 1949.] [ 5, 1 of 1949.] ( 5, 1 of 1949.] [ 5, 1 of 1949.1 86. Recovery of tax out of debts, &c. [5 8. 44 of 1949.] 87. Recovery of tax from persons leaving Ceylon. 88. Use of more than one means of recovery. [5 6, 1 of 1949.] 89. Tax paid in excess to be refunded. [ 19, 3 of 1956.] 90. Penalties for failure to make returns, making incorrect returns, &c. [ 9, 44 of 1949.] [S 10, 28 of 1954.] [ 10, 28 of 1954.] 91. Breach of secrecy and other matters to be offences. 92. Penal provisions relating to fraud, &c [ 20, 3 of 1956.] [20, 3 of 1956.] [7. 1 of 1949.] 93. Tax to be payable notwithstanding any proceedings for penalties, &c. 94. Prosecutions to be with the sanction of the Commissioner. 95. Power to make rules. 96. Board of Income Tax to prescribe forms.