Section 65: Expenditure incurred on water desalination plant

65. Expenditure incurred on water desalination plant (1) Where, in an income year, a company incurs expenditure for the acquisition and setting up of a water desalination plant, it may deduct, from its gross income, twice the amount of such expenditure incurred in that income year. (2) Where a company claims a deduction in respect of a water desalination plant under this section, it shall not be entitled to annual allowance in respect of that plant under section 63. (q) in section 76 – (i) in subsection (5A) – (A) in paragraph (a), by adding the following new subparagraph – (iii) maintain such records in such form and in such manner as the Director-General may determine; (B) in paragraph (b), by inserting, after the words “subparagraph (ii)”, the words “, in respect of such period as the Director-General may determine,”; (ii) by inserting, after subsection (5A), the following new subsection – (5B) (a) The Director-General may issue directions, instructions or guidelines to any person to ensure compliance with any arrangement made pursuant to this section. Acts 2017 211 (b) Any person who fails to comply with any direction, instruction or guideline shall commit an offence. (r) in section 92, by deleting the words “This Sub-part” and replacing them by the words “Subject to section 93(2), this Sub-part”; (s) in section 93, by inserting, after subsection (1A), the following new subsection – (2) (a) Where an exempt person or a person deriving any – (i) pension in relation to his past employment or that of his spouse; or (ii) annuity, pension or similar payment, makes a request to his employer or the person responsible for the payment of the pension, annuity or similar payment for income tax to be withheld under this Sub-part, the employer or person responsible for the payment shall withhold income tax in the manner provided for under section 96(2). (b) A request to withhold income tax under paragraph (a) shall be made in such form as the Director-General may approve and it shall remain applicable until it is revoked by the person or the Director-General. (c) Sections 93(3), (4), (4A) and (5), 94, 99, 100, 101A and 102 shall apply to the person responsible for the payment of any pension, annuity or similar payment in the same manner as it applies to an employer. (t) in section 96(2), by inserting, after the words “Declaration Form”, the words “or has made a request pursuant to subsection 93(2)”; 212 Acts 2017 (u) in section 99A – (i) by repealing subsection (1) and replacing it by the following subsection – (1) Every employee shall, at the time he takes up employment or at the request of his employer, produce to the employer his National Identity Card or, in the case of a non-citizen, the identification number issued to him by the immigration officer. (ii) by adding the following new subsection – (2) Every employer shall, in respect of every employee, obtain from the employee – (a) his NIC number; or (b) in the case of a non-citizen, the identification number issued to him by the immigration officer. (v) in section 100 – (i) in subsection (1A) – (A) in paragraph (a), by deleting the words “who, at any time, has in his employment 25 or more employees”; (B) by repealing paragraph (b); (ii) in subsection (1B), by deleting the words “, irrespective of the number of employees in his employment,”; (w) in section 102, by adding the following new subsection – (3) In the case where a receiver is appointed by the chargor of a charge for the purpose of number issued to him by the immigration officer. (v) in section 100 – (i) in subsection (1A) – (A) in paragraph (a), by deleting the words “who, at any time, has in his employment 25 or more employees”; (B) by repealing paragraph (b); (ii) in subsection (1B), by deleting the words “, irrespective of the number of employees in his employment,”; (w) in section 102, by adding the following new subsection – (3) In the case where a receiver is appointed by the chargor of a charge for the purpose of satisfying a debt secured by the charge as specified in section 204 of the Insolvency Act, any tax withheld by a chargor under section 102 or deducted by a chargor under section 111J shall, subject to section 204(5) of that Act, be paid in accordance with section 204(4) of that Act. Acts 2017 213 (x) in section 108, by deleting the words “the First Schedule” and replacing them by the words “Part I of the First Schedule”; (y) in section 111A(1), in the definition of “payer”, by repealing paragraph (b) and replacing it by the following paragraph – (b) does not include a company, société or succession which has an annual turnover not exceeding 6 million rupees, other than a company, société or succession which awards contracts for construction works; (z) in section 111B – (i) in paragraph (b), by deleting the word “by” and replacing it by the words “, other than a citizen in respect of royalties for artistic or literary work, by”; (ii) by adding the following new paragraph, the full stop at the end of paragraph (j) being deleted and replaced by the words “; and” and the word “and” at the end of paragraph (i) being deleted – (k) fees, in lieu of director’s fees, payable by any company to a person, other than an individual. (za) in section 111D(1)(a), by inserting, after the words “are made”, the word “electronically”; (zb) in section 112(1), by repealing paragraphs (b) and (c), the word “or” being added at the end of paragraph (a); (zc) in section 116, by repealing subsection (3) and replacing it by the following subsection – (3) The return and payment of tax under subsection (1) shall be made electronically in accordance with section 128A. 214 Acts 2017 (zd) by inserting, after section 116C, the following new section –