Following exemptions will be removed with effect from 1 April 2017 -
(i) Dividends to be identified;
(ii) Interest income to be identified;
(iii) Profits from investment on listed securities and other instruments;
(iv) Exemption up to LKR5,000 per month on interest on savings accounts;
(v) Exemption on interest on deposits made by the senior citizens will be limited to
LKR1.5Mn per annum.
Profit vs Gain
So people know the exact definition collect/dispose the shares.
We wait to hear the definition until they finished