The Income-tax Ordinance, 1984
Published: 4th June, 1984

An Ordinance to consolidate and amend the law relating to Income-tax. WHEREAS it is expedient to consolidate and amend the law relating to income-tax; NOW, THEREFORE, in pursuance of the Proclamation of the 24th March, 1982, and in exercise of all powers enabling him in this behalf, the President is pleased to make and promulgate the following Ordinance:-

name: Short title and commencement
details: 1. (1) This Ordinance may be called the Income-tax Ordinance, 1984. (2) It shall come into force on the first day of July, 1984.
name: Definitions
details: 2. In this Ordinance, unless there is anything repugnant in the subject or context,- (1) "agricultural income" means- (a) any income derived from any land in Bangladesh and used for agricultural purposes- (i) by means of agriculture; or (ii) by the performance of any process ordinarily employed by a cultivator to render marketable the produce of such land; or (iii) by the sale of the produce of the land raised by the cultivator in respect of which no process, other than that to render the produce marketable, has been performed; or (iv) by granting a right to any person to use the land for any period; or (b) any income derived from any building which- (i) is occupied by the cultivator of any such land as is referred to in sub-clause (a) in which any process is carried on to render marketable any such produce as aforesaid; (ii) is on, or in the immediate vicinity of, such land; and (iii) is required by the cultivator as the dwelling house or store-house or other out-house by reason of his connection with such land; (2) "amalgamation", in relation to companies, means the merger of one or more companies with another company, or the merger of two or more companies to form one company (the company or companies which so merged being referred to as the amalgamating company or companies and the company with which they merge or which is formed as a result of the merger as the amalgamated company) in such a manner that by virtue of, and for reasons attributable to, the merger,- (a) all the property of the amalgamating company or companies immediately before the merger becomes the property of the amalgamated company; (b) all the liabilities of the amalgamating company or companies immediately before the merger become the liabilities of the amalgamated company; and 1(c) where the amalgamated company is a Bangladeshi company and the shareholders holding not less than 75% (seventy five percent) in value of the shares in the amalgamating company or companies (other than shares already held therein immediately before the merger by, or by a nominee for, the amalgamated company or its subsidiary) become shareholders of the amalgamated company; or 2(d) where the amalgamated company is a foreign company and the shareholders holding not less than 75% (seventy five percent) in value of the shares in the amalgamating foreign company or companies that directly or indirectly holds or hold shares in a Bangladeshi company or companies (other than shares already held therein immediately before the merger by, or by a nominee for, the amalgamated company or its subsidiary) become shareholders of the amalgamated company; (3) "annual value" shall be deemed to be- (a) in relation to any property let out,- (i) (i) the sum for which property might reasonably be expected to let from year to year 3 *** 4 and any amount received by letting out furniture, fixture, fittings etc; or (ii) where the annual rent in respect thereof is in excess of the sum referred to in paragraph (i), the amount of the annual rent; 5 * * * (4) "Appellate Joint Commissioner" means a person appointed to be an Appellate Joint Commissioner of Taxes under section 3 6 , and includes a 7 an Appellate Additional Commissioner of Taxes 8 and also a person appointed to hold current charge of an Appellate Joint Commissioner of Taxes; (5) "Appellate Tribunal" means the Taxes Appellate Tribunal established under section 11; 9 (5A) "approved gratuity fund" means a gratuity fund which has been and continues to be approved by the Board in accordance with the provisions of Part C of the First Schedule; (6) "Approved superannuation fund" means a superannuation fund 10 or a pension fund which has been and continues to be approved by the Board in accordance with the provisions of Part A of the First Schedule; (7) "Assessee", means a person by whom any tax or other sum of money is payable under this Ordinance, and includes- (a) every person in respect of whom any proceeding under this Ordinance has been taken for the assessment of his income or the income of any other person in respect of which he is assessable, or of the amount of refund due to him or to such other person; 11 (aa) every person by whom a minimum tax is payable under this Ordinance; (b) every person who is required to file a return under section 75, section 89 or section 91; (c) every person who desires to be assessed and submits his return of income under this Ordinance; and (d) every person who is deemed to be an assessee, or an assessee in default, under any provision of this Ordinance; (8) "assessment", with its grammatical variations and cognate expressions, includes re-assessment and additional or further assessment; (9) "assessment year" means the period of twelve months commencing on the first day of July every year; and includes any such period which is deemed, under the provisions of this Ordinance, to be assessment year in respect of any income for any period; (10) "Assistant Commissioner of Taxes" means a person appointed to be an Assistant Commissioner of Taxes under section 3; (11) "Bangladeshi company" means a company formed and registered under the Companies Act, 1913 (VII of 1913) 12 or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন), and includes a body corporate established or constituted by or under any law for the time being in force in Bangladesh having in either case its registered office in Bangladesh; (12) "Banking company" has the same meaning as in 13 ব্যাংক-কোম্পানী আইন, ১৯৯১ (১৯৯১ সনের ১৪ নং আইন), and includes any body corporate established or constituted by or under any law for the time being in force which transacts the business of banking in Bangladesh; 14(12A) “bank transfer” includes transfer of money by crossed cheque, mobile financial services or any other digital means approved by the Bangladesh Bank; (13) "Board" means the National Board of Revenue constituted under the National Board of Revenue Order, 1972 (P. O. No. 76 of 1972); (14) "business" includes any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture; (15) "capital asset" means property of any kind held by an assessee, whether or not connected with his business or profession, but does not include- (a) any stock-in-trade (not being stocks and shares), consumable stores or raw materials held for the purposes of his business or profession; 15 and (b) personal effects, that is to say, movable property (including wearing apparel, jewellery, furniture, fixture, equipment and vehicles), which are held exclusively for personal use by, and are not used for purposes of the business or profession of the assessee or any member of his family dependent on him; 16 *** 17 *** 18 (16) “charitable purpose” means-(a) relief of the poor, education relief, medical relief; and(b) the advancement of any other object of general public utility:Provided that the advancement of any other object of general public utility shall not be considered as charitable purpose, if it is not approved by the Board and involves-(i) carrying out any activities in the nature of trade, commerce or business in whatever form and manner; or(ii) rendering any service for a consideration and the aggregate value of such consideration in any income year exceeds Taka twenty lakh; (17) "chartered accountant" means a chartered accountant as defined in the Bangladesh Chartered Accountants Order, 1973 (P.O. No. 2 of 1973); (18) "child", in relation to any individual, includes a step-child and an adopted child of that individual; 19 (19) "Commissioner" means a person appointed to be a Commissioner of Taxes or Commissioner (Large Taxpayer Unit) under section 3, or a person appointed to hold current charge of a Commissioner of Taxes or Commissioner (Large Taxpayer Unit); 20 (19A) "Commissioner (Appeals)" means a person appointed to be a 21 Commissioner of Taxes (Appeals) under section 3 and includes a person appointed to hold current charge of a Commissioner of Taxes (Appeal); 22 * * * (20) "Company" means a company as defined in 23 the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) and includes- (a) a body corporate established or constituted by or under any law for the time being in force; (b) any nationalised banking or other financial institution, insurance body and industrial or business enterprise; 24 * * * 25 26 (bb) an association or combination of persons, called by whatever name, if any of such persons is a company as defined in 27 the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন); (bbb) any association or body incorporated by or under the laws of a country outside Bangladesh; and (c) any foreign association or body, 28 not incorporated by or under any law, which the Board may, by general or special order, declare to be a company for the purposes of this Ordinance; (21) "co-operative society" means a co-operative society registered under 29 সমবায় সমিতি আইন, ২০০১ (২০০১ সনের ৪৭ নং আইন) (Co-operative Societies Act, 2001)(Act No. 47 of 2001), or under any other law for the time being in force governing the registration of co-operative societies; (22) "cost and management accountant" means a cost and management accountant as defined in the Cost and Management Accountants Ordinance, 1977 (LIII of 1977); (23) "Deputy Commissioner of Taxes" means a person appointed to be a Deputy Commissioner of Taxes under section 3, 30 and includes a person appointed to be a Transfer Pricing Officer, an Assistant Commissioner of Taxes, an Extra Assistant Commissioner of Taxes and a Tax Recovery Officer; (24) "director" and "manager" in relation to a company have the meanings assigned to them in 31 the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন); 32 (25) "Director-General of Inspection" means a person appointed to be a Director-General of Inspection (Taxes) under section 3, and except for the purpose of section 117, includes a person appointed for the purpose of this Ordinance to be an Additional Director-General of Inspection (Taxes), a Deputy Director-General of Inspection (Taxes), or an Assistant Director-General of Inspection (Taxes); 33 (25A) "Director General (Training)" means a person appointed to be Director General (Training); 34 (25AA) "Director General, Central Intelligence Cell" means of persons appointed to be Director General, Central Intelligence Cell 35 or 36 any Director, Central Intelligence Cell or any Joint Director, Central Intelligence Cell or Deputy Director, Central Intelligence Cell or Assistant Director, Central Intelligence Cell  authorised by him; (26) "dividend" includes- (a) any distribution by a company of accumulated profits, whether capitalised or not, if such distribution entails the release by the company to its shareholders of all or any part of its assets or reserves; (b) any distribution by a company, to the extent to which the company possesses accumulated profits, whether capitalised or not, to its shareholders of debentures, debenture-stock or deposit certificates in any form, whether with or without interest; (c) any distribution made to the shareholders of a company on its liquidation to the extent to which the distribution is attributable to the accumulated profits of the company immediately before its liquidation, whether capitalised or not; (d) any distribution by a company to its shareholders on the reduction of its capital, to the extent to which the company possesses accumulated profits, whether such accumulated profits have been capitalised or not; 37 (dd) any profit remitted outside Bangladesh by a company not incorporated in Bangladesh under কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন); 38 (ddd) any distribution of profit of a mutual fund or an alternative investment fund; (e) any payment by a private company of any sum (whether as representing a part of the assets of the company or otherwise) by way of advance or loan to a shareholder or any payment by any such company on behalf, or for the individual benefit, of any such shareholder, to the extent to which the company, in either case, possesses accumulated profit; but does not include- (i) a distribution made in accordance with sub-clause (c) or sub-clause (d) in respect of any share including preference share for full cash consideration, or redemption of debentures or debenture-stock, where the holder of the share or debenture is not entitled in the event of liquidation to participate in the surplus assets; (ii) any advance or loan made to a shareholder in the ordinary course of its business, where the lending of money is a substantial part of the business of the company; (iii) any dividend paid by a company which is set off by the company against the whole or any part of any sum previously paid by it and treated as dividend within the meaning of sub-clause (e) to the extent to which it is so set off; 39 (iiia) any bonus share issued by a company; 40 *** Explanation.- The expression "accumulated profits",- (a) wherever it occurs in this clause, includes any reserve made up wholly or partly of any allowance, deduction or exemption admissible under this Ordinance or under the Income-tax Act, 1922 (XI of 1922), but does not include capital gains arising before the first day of April, 1946, or after the thirty-first day of March, 1949, and before the eighth day of June, 1963; (b) as used in sub-clauses (a), (b) and (d), includes all profits of the company up to the date of such distribution; and (c) as used in sub-clause (c), includes all profits of the company up to the date of its liquidation; (27) "employer" includes a former employer; (28) "employee", in relation to a company, includes the managing director, or any other director or other person, who, irrespective of his designation, performs any duties or functions in connection with the management of the affairs of the company;41(28A) “export” means supply of goods and services from inside to outside the geographical limits of Bangladesh and shall include supply of locally manufactured raw materials and other inputs to export oriented industry under internal back to back letter of credit; (29) "Extra Assistant Commissioner of Taxes" means a person appointed to be an Extra Assistant Commissioner of Taxes under section 3 42 and includes a person appointed to hold current charge of an Extra Assistant Commissioner of Taxes; 43 (30) "fair market value" means, in relation to capital asset 44or a business or undertaking- (a) the price which such asset 45or such business or undertaking would ordinarily fetch on sale in the open market on the relevant day, and, where such price is not ascertainable, the price which the Deputy Commissioner of Taxes may, with the approval in writing of the Inspecting Joint Commissioner, determine; (b) the residual value received from the lessee in case of an asset leased by a financial institution having license from the Bangladesh Bank on termination of lease agreement on maturity or otherwise subject to the condition that such residual value plus amount realised during the currency of the lease agreement towards the cost of the asset is not less than the cost of acquisition to the lessor financial institution. (31) "fees for technical services" means any consideration (including any lump sum consideration) for the rendering of any managerial, technical or consultancy services (including the provision of services of technical or other personnel) but does not include consideration for any construction, assembly, mining or like project undertaken by the recipient, or consideration which would be income of the recipient classifiable under the head "Salaries" 46 . Explanation.- For the removal of doubts, it is hereby declared that in this clause, “fees for technical services” shall include technical services fee, technical assistance fee or any fee of similar nature; 47 (31A) "financial institution" has the same meaning as assigned to it in আর্থিক প্রতিষ্ঠান আইন, ১৯৯৩ (১৯৯৩ সনের ২৭ নং আইন) (Financial Institution Act, 1993) (Act No. 27 of 1993); (32) "firm" has the same meaning as assigned to it in the Partnership Act, 1932 (IX of 1932); (33) "foreign company" means a company which is not a Bangladeshi company; 48 (34) “income” includes- (a) any income, receipts, profits or gains, from whatever source derived, chargeable to tax under any provision of this Ordinance; (b) any amount which is subject to collection or deduction of tax at source under any provision of this Ordinance; (c) any loss of such income, profits or gains; (d) the profits and gains of any business of insurance carried on by a mutual insurance association computed in accordance with paragraph 8 of the Fourth Schedule; (e) any sum deemed to be income, or any income accruing or arising or received, or deemed to accrue or arise or be received in Bangladesh under any provision of this Ordinance; (f) any amount on which a tax is imposed; (g) any amount which is treated as income under any provision of this Ordinance; 49 * * *  50 (35) 51“income year” means financial year immediately preceding the assessment year and includes (a) the period beginning with the date of setting up of a business and ending with the thirtieth day of June following the date of setting up of such business; (b) the period beginning with the date on which a source of income newly comes into existence and ending with the thirtieth day of June following the date on which such new source comes into existence; (c) the period beginning with the first day of July and ending with the date of discontinuance of the business or dissolution of the unincor- porated body or liquidation of the company, as the case may be; (d) the period beginning with the first day of July and ending with the date of retirement or death of a participant of the unincorporated body; (e) the period immediately following the date of retirement, or death, of a participant of the unincorporated body and ending with the date of retirement, or death, of another participant or the thirtieth day of June following the date of the retirement, or death, as the case may be; (f) in the case of bank, insurance or financial institution 52 or any subsidiary thereof the period of twelve months commencing from the first day of January of the relevant year; or (g) in any other case the period of twelve months commencing from the first day of July of the relevant year 53 : Provided that the Deputy Commissioner of Taxes may allow a different financial year for a company which is a 54 subsidiary, including a subsidiary thereof, or a holding company of a parent company incorporated outside Bangladesh or a branch or liaison office thereof if such company requires to follow a different financial year for the purpose of consolidation of its accounts with the parent company; (36) "Inspecting Joint Commissioner" means a person appointed to be an Inspecting Joint Commissioner of Taxes under section 3 55 , and includes 56 an Inspecting Additional Commissioner of Taxes 57 and also a person appointed to hold current charge of an Inspecting Joint Commissioner of Taxes; 58 (37) " Inspector" means an Inspector of Taxes under section 3 and also includes a person appointed to hold charge of an Inspector of Taxes; (38) "Interest" means interest payable in any manner in respect of any money borrowed or debt incurred (including a deposit, claim or other similar right or obligation) and includes any service fee or other charge in respect of the money borrowed or debt incurred or in respect of any credit facility which has not been utilised; (39) "legal representative" has the same meaning as assigned to it in section 2(11) of the Code of Civil Procedure, 1908 (Act V of 1908); (40) "market value", in respect of agricultural produce, means- (a) where such produce is ordinarily sold in the market in its raw state or after application to it of any process employed by a cultivator to render it fit to be taken to the market, t he value calculated according to the average price at which it has been sold during the year previous to that in which the income derived from such produce first becomes assessable; and (b) where such produce is not ordinarily sold in the market in its raw state, the aggregate of- (i) the expenses of cultivation; (ii) the land development tax or rent paid for the lands in which it was grown; and (iii) such amount as the Deputy Commissioner of Taxes finds, having regarded to the circumstances of each case, to represent a reasonable rate of profit on the sale of the produce in question as agricultural produce; (41) "money borrowed" includes, in the case of a banking company, money received by way of deposit; (42) "non-resident" means a person who is not a resident; (43) "partner" has the same meaning as assigned to it in the Partnership Act, 1932 (IX of 1932), and includes a person who, being a minor, has been admitted to the benefits of partnership; (44) "partnership" has the same meaning as assigned to it in the Partnership Act, 1932 (IX of 1932); 59 (44A) “permanent establishment”, in relation to income from business or profession, means a place or activity through which the business or profession of a person is wholly or partly carried on, and includes- (i) a place of management; (ii) a branch; (iii) an agency; (iv) an office; (v) a warehouse; (vi) a factory; (vii) a workshop; (viii) a mine, oil or gas well, quarry or any other place of exploration, exploitation or extraction of natural resources; (ix) a farm or plantation; (x) a building site, a construction, assembly or installation project or supervisory activities in connection therewith; (xi) the furnishing of services, including consultancy services, by a person through employees or other personnel engaged by the person for such purpose, if activities of that nature continue (for the same or a connected project) in Bangladesh; and (xii) any associated entity or person (hereinafter referred to as “Person A”) that is commercially dependent on a non-resident person where the associated entity or Person A carries out any activity in Bangladesh in connection with any sale made in Bangladesh by the non-resident person;  60 (45) "perquisite" means- (i) any payment made to an employee by an employer in the form of cash or in any other form excluding basic salary, festival bonus, incentive bonus 61***, arrear salary, advance salary, leave encashment or leave fare assistance and overtime, and (ii) any benefit, whether convertible into money or not, provided to an employee by an employer, called by whatever name, other than contribution to a recognised provident fund, approved pension fund, approved gratuity fund and approved superannuation fund; 62 46) “person” includes an individual, a firm, an association of persons, a Hindu undivided family, a trust, a fund, a local authority, a company, an entity and every other artificial juridical person; (46A) “person with disability” means an individual registered as প্রতিবন্ধী ব্যক্তি (person with disability) under section 31 of প্রতিবন্ধী ব্যক্তির অধিকার ও সুরক্ষা আইন, ২০১৩ (২০১৩ সনের ৩৯ নং আইন); (47) "prescribed" means prescribed by rules made under this Ordinance; (48) "principal officer", used with reference to a local authority, a company, any other public body or any association of persons, includes- (a) managing director, 63 chief executive officer, manager, secretary, treasurer, agent or accountant (by whatever designation known), or any officer responsible for management of the affairs, or of the accounts, of the authority, company, body or association; and (b) any person connected with the management or the administration of the local authority, company, body or association upon whom the Deputy Commissioner of Taxes has served a notice of his intention to treat him as principal officer thereof; (49) "profession" includes a vocation; (50) "profits in lieu of salary" includes- (a) the amount of compensation due to, or received by, an assessee from his employer at, or in connection with, the termination of, or the modification of any terms and conditions relating to, his employment; and (b) any payment due to, or received by, an assessee from a provident or other fund to the extent to which it does not consist of contributions by the assessee and the interest on such contributions; (51) "public servant" has the same meaning as in section 21 of the Penal Code (Act No. XLV of 1860); (52) "recognised provident fund" means a provident fund which has been, and continues to be, recognised by the Commissioner in accordance with the provisions of Part B of the First Schedule; 64 * * * (54) "relative", in relation to an individual, means the husband, wife, brother, sister or any lineal ascendant or descendant of that individual;65(54A)“research and development” means any systematic, investigative and experimental study that involves novelty or technical risk carried out in the field of science or technology with the object of acquiring new knowledge or using the results of the study for the production or improvement of materials, devices, products, produce, or processes, but does not include­­-(a) quality control or routine testing of materials, devices or products;(b) research in the field of social science including the arts and humanities;(c) the creation or development of financial instruments or financial products;(d) market research or sales promotion; routine data collection, efficiency surveys or management studies;(e) routine modifications or changes to materials, devices, products, processes or production methods;(f) cosmetic modifications or stylistic changes to materials, devices, products, processes or production methods; or(g) the creation or enhancement of trademarks or goodwill;”; (55) "resident", in respect of any income year, means- (a) an individual who has been in Bangladesh- (i) for a period of, or for periods amounting in all to, one hundred and eighty-two days or more in that year; or  (ii) for a period of, or periods amounting in all to, ninety days or more in that year having previously been in Bangladesh for a period of, or periods amounting in all to, three hundred and sixty-five days or more during four years preceding that year; (b) a Hindu undivided family, firm or other association of persons, the control and management of whose affairs is situated wholly 66*** in Bangladesh in that year; 67*** (c) a Bangladeshi company or any other company the control and management of whose affairs is situated wholly in Bangladesh in that year; 68 (d) a trust, a fund or an entity, the control and management of whose affairs is situated wholly in Bangladesh in that year; and (e) a local authority and every other artificial juridical person; (56) "royalty" means consideration (including any lump sum consideration but excluding any consideration which is classifiable as income of the recipient under the head "Capital gains") for- (a) transfer of all or any rights, including the granting of a licence, in respect of a patent, invention, model, design, mark or similar property; (b) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret process or formula, or trade mark or similar property; (c) the use of any patent, invention, model, design, secret process or formula, or trade mark or similar property; (d) the imparting of any information concerning technical, industrial, commercial, or scientific knowledge, experience or skill; (e) the transfer of all or any rights, including granting of a licence, in respect of any copyright, literacy, artistic or scientific work, including films or video tapes for use in connection with television or tapes for use in connection with radio broadcasting, but not including consideration for sale, distribution or exhibition of cinematograph films; or (f) the rendering of any services in connection with any of the aforesaid activities; 69Explanation 1.¾For the purpose of royalty in respect of any right, property or information, it is not necessary that¾(i) the possession or control of such right, property or information is with the payer;(ii) such right, property or information is used directly by the payer;(iii) the location of such right, property or information is in Bangladesh.Explanation 2.¾For the removal of doubts, it is hereby clarified that the expression “process” includes transmission by satellite (including up-linking, amplification, conversion for down-linking of any signal), cable, optical fibre or by any other similar technology, whether or not such process is secret; (57) "rules" means rules made under this Ordinance;  (58) "salary" includes-  70 (a) any pay or wages;  (b) any annuity, pension or gratuity; (c) any fees, commissions, allowances, perquisites or profits in lieu of, or in addition to, salary or wages;  (d) any advance of salary; 71 (e) any leave encashment; (59) "scheduled bank" has the same meaning as in the Bangladesh Bank Order, 1972 (P. O. No. 127 of 1972); 72 *** (60) "shareholder" includes a preference shareholder; (61) "speculation-business" means business in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scripts, but does not include business in which- (a) a contract in respect of raw materials or merchandise is entered into by a person in the course of his manufacturing or mercantile business to guard against loss through future price fluctuations for the purpose of fulfilling his other contracts for the actual delivery of the goods to be manufactured or the merchandise to be sold by him; (b) a contract in respect of stocks and shares is entered into by a dealer or investor therein to guard against loss in his holdings of stocks and shared through price fluctuations; and (c) a contract is entered into by a member of a forward market or a stock exchange in the course of any transaction in the nature of jobbing or arbitrage to guard against loss which may arise in the ordinary course of his business as such member;73(61A) “supply of goods” means transfer of the right of goods by way of sale, exchange or otherwise including sale under hire purchase agreement or finance lease;  74 (62) "tax" means the income tax payable under this Ordinance and includes any additional tax, excess profit tax, penalty, interest, fee or other charges leviable or payable under this Ordinance; 75 (62A) “Tax Day” means- (i) in the case of an assessee other than a company, the thirtieth day of November following the end of the income year; (ii) in the case of a company, the fifteenth day of the seventh month following the end of the income year 76 or the fifteenth day of September following the end of the income year where the said the fifteenth day falls before the fifteenth day of September;77(iia) in the case of an assessee, who is an individual and has not submitted return before, the thirtieth day of June following the end of the income year; (iii) the next working day following the Tax Day if the day mentioned in 78this clause is a public holiday;  79 (62B) “taxed dividend” means the dividend income on which tax has been paid by the recipient under this Ordinance;  80 *** (64) "Tax Recovery Officer" means a person appointed to be a Tax Recovery Officer under section 3; (65) "total income" means the total amount of income referred to in section 17 computed in the manner laid down in this Ordinance, and includes any income which, under any provision of this Ordinance, is to be included in the total income of an assessee; 81 (65A) “trading account” or “profit and loss account” includes income statement and other similar statements of accounts prepared under International Financial Reporting Standards; (66) "transfer", in relation to a capital asset, includes the sale, exchange or relinquishment of the asset, or the extinguishment of any right therein, but does not include- (a) any transfer of the capital asset under a gift, bequest, will or an irrevocable trust; (b) any distribution of the assets of a company to its shareholders on its liquidation; and (c) any distribution of capital assets on the dissolution of a firm or other association of persons or on the partition of a Hindu undivided family; 82 * * * (68) "written down value" means the written down value as defined in the Third Schedule; (69) "year" means a financial year.
name: Income-tax authorities
details: 3. There shall be the following classes of income-tax authorities for the purposes of this Ordinance, namely:- (1) 	The National Board of Revenue, 83* * * 84(IB) Chief Commissioner of Taxes; 85(2) 	Directors-General of Inspection (Taxes), 86(2A) 	Commissioner of Taxes (Appeals), 87(2B) 	Commissioner of Taxes (Large Taxpayer Unit), 88(2C) 	Director General (Training), 89(2D) 	Director General, Central Intelligence Cell, (3) 	Commissioners of Taxes, 90(3A) 	Additional Commissioners of Taxes who may be either Appellate Additional Commissioners of Taxes or Inspecting Additional Commissioners of Taxes, (4) 	Joint Commissioner of Taxes who may be either Appellate Joint Commissioner of Taxes or Inspecting Joint Commissioner of Taxes, (5) 	Deputy Commissioners of Taxes, 91(6) 	Tax Recovery Officers nominated by the Commissioner of Taxes among the Deputy Commissioner of Taxes within his jurisdiction; (7) 	Assistant Commissioners of Taxes, (8) 	Extra Assistant Commissioners of Taxes, and (9) 	Inspectors of Taxes.
name: Appointment of income-tax authorities
details: 4. (1) Subject to the rules and orders of the Government regulating the terms and conditions of service of persons in public services and posts, appointment of income-tax authorities shall be made in accordance with the provisions of this Ordinance. (2) The Board may appoint  9293Chief Commissioner of Taxes, Director General, Central Intelligence Cell,94 * * * as many 95 Directors-General of Inspection, 96 Commissioners (Appeals), Commissioners, Joint Commissioners of Taxes, Deputy Commissioners of Taxes, Tax Recovery Officers and Assistant Commissioners of Taxes and such other executive or ministerial officers and staff as it may think fit. 97(2A) Notwithstanding anything contained in this Ordinance, the Board may, with the approval of the Government, appoint one or more person having appropriate professional skill and experience to perform such function as may be specified by an order issued in this behalf, and the person or persons so appointed shall be deemed to be an income-tax authority for the purposes of this Ordinance. (3) Subject to such orders or instructions as the Board may, from time to time, issue in this behalf, any other income-tax authority may appoint any income-tax authority subordinate thereto and such other executive or ministerial officers and staff as may be necessary for assistance in the execution of its functions.
name: Delegation of powers
details: 984A. The Board may, by notification in the official Gazette, and subject to such limitations or conditions, if any, as may be specified therein, empower by name or designation,- (a)	any Inspecting Additional Commissioner of Taxes to exercise the powers of a Commissioner of Taxes 99; (b)	any Appellate Additional Commissioner of Taxes to exercise the powers of a Commissioner of Taxes (Appeal) 100; and (c)	any Additional Director General or Joint Director General of Central Intelligence Cell to exercise the powers of Director General, Central Intelligence Cell.
name: Subordination and control of income-tax authorities
details: 5.  101(1) The  102* * * 103Chief Commissioner of Taxes, Director General of Inspection, Commissioners (Appeals), and Commissioners shall be subordinate to the Board. (2) The  104Additional Commissioners of Taxes, Joint Commissioners of Taxes, Deputy Commissioners of Taxes and Inspectors shall be subordinate to the Commissioners  105or the Commissioner (Appeals), as the case may be, within whose jurisdiction they are appointed to perform their function: Provided that no order, direction or instruction shall be given so as to interfere with the discretion of the Appellate Joint Commissioners  106or the Commissioners (Appeals) in the exercise of their appellate functions. (3) The Deputy Commissioners of Taxes and Inspectors shall be subordinate to the Inspecting Joint Commissioner within whose jurisdiction they perform their functions. (4) The Inspectors shall be subordinate to the Deputy Commissioners of Taxes within whose jurisdiction they perform their functions.
name: Jurisdiction of income-tax authorities
details: 6. (1) Subject to the provisions of this Ordinance,- 107* * * 108(aa) the Directors-General of Inspection shall perform the following functions, namely:- (i)	carry out inspection of income tax cases; (ii)	investigate or cause investigation to be carried out in respect of cases involving leakage of revenue or evasion of taxes; (iii)	carry out audit of cases or offices involving income tax revenues only; (iv)	furnish annual report about the working of income tax offices dealing with revenue matters to the Board by the thirty first day of December following the end of the financial year to which it relates; and (v)	such other functions as may be assigned to them by the Board; 109(aaa) the Director General of Central Intelligence Cell shall perform the following functions, namely:- (i) carry out intelligence works to gather information about taxpayers; (ii) analyse information gathered through intelligence work vis-a-vis concerned income tax records; (iii) detect tax evasions, concealments of income and offences as described in chapter XXI of Income Tax Ordinance, 1984; (iv) carry out investigations to prove tax evasion or concealment or any other irregularities relating to taxes and to collect evidences in support of tax offences or tax frauds for recovery of tax with penalty and to suggest prosecutions in fit cases; (v) to carry out functions as authorised by any other law. (b) 	the Commissioners  110, the Commissioners (Appeals) and the Appellate Joint Commissioners shall perform their functions in respect of such areas, or such persons or classes of persons, or such cases or classes of cases, or such incomes or classes of incomes, as the Board may assign to them; 111(bb) 	the Commissioner (Large Taxpayer Unit) shall perform his functions in respect of such areas, or such persons or classes of persons, or such cases or classes of cases or such incomes or classes of incomes, as the Board may assign to him; (c)	the Inspecting Joint Commissioners and the Deputy Commissioners of Taxes shall perform their functions in respect of such areas, or such persons or classes of persons, or such cases or classes of cases, or such incomes or classes of incomes as the Commissioner to whom they are subordinate may assign to them; and (d)	other income-tax authorities shall perform such functions as may be assigned to them by the income-tax authority to whom they are subordinate. (2)  (a) 	Any area or other jurisdiction or function assigned to an income-tax authority under sub-section (1) may be modified or varied, or may be transferred to any other income-tax authority with respect to areas, persons or classes of persons, or cases or classes of cases, or proceeding or classes of proceedings; (b) any such transfer as is referred to in clause (a) may be made at any stage of the proceedings and further proceedings may be commenced from the stage at which such transfer takes place. (3) Where more income-tax authorities than one have been assigned the same functions in respect of any area, or persons or classes of persons, or cases or classes of cases, or incomes or classes of incomes, they shall perform those functions in accordance with such allocation or distribution of work as the authority assigning the functions may make. (4) The powers of the Board, Commissioners and Deputy Commissioners of Taxes, to assign any case to any authority, or to transfer any case from one authority to another, or to perform any function or functions under this section, shall include the power in respect of all or any proceedings relating to such case; and except as provided in sub-section (5), no such assignment, transfer or performance of functions shall be called in question by or before any court or other authority. (5) Any person aggrieved by any order passed under this section may, within thirty days of such order, make a representation- (a) 	to the Inspecting Joint Commissioner if the order was passed by a Deputy Commissioner of Taxes; (b) 	to the Commissioner the Commissioners (Appeals) if the order was passed by an Inspecting Joint Commissioner; and (c) 	to the Board if the order was passed by a Commissioner; and any order passed on such representation shall be final.
name: Exercise of jurisdiction by successor
details: 7. Where, in respect of any proceeding under this Ordinance, an income-tax authority is succeeded by another, the income-tax authority so succeeding may continue the proceeding from the stage at which it was left by his predecessor.
name: Officers, etc. to follow instructions of the Board
details: 8. All officers and other persons engaged in the performance of any functions under this Ordinance shall, in the matter of discharging those functions, observe and follow such orders, directions or instructions as the Board may issue from time to time: Provided that no order, direction or instruction shall be given so as to interfere with the discretion of the Appellate Joint Commissioners  112or the Commissioners (Appeals) in the exercise of their appellate functions.
name: Guidance to the Deputy Commissioner of Taxes, etc.
details: 9. In the course of any proceedings under this Ordinance, the Deputy Commissioner of Taxes may be assisted, guided or instructed by any income-tax authority to whom he is subordinate or any other person authorised in this behalf by the Board.
name: Exercise of assessment functions by the Inspecting Joint Commissioners and the Inspecting Additional Commissioners
details: 10. The Commissioner may, with prior approval of the Board, by general or a special order in writing, direct that in respect of all or any proceedings relating to specified cases or classes of cases or specified persons of classes of persons within his jurisdiction, the powers and functions of the Deputy Commissioner of Taxes,  114Inspecting Joint Commissioner, the Inspecting Additional Commissioner and the Commissioner under this Ordinance shall be exercised by  115Inspecting Joint Commissioner, the Inspecting Additional Commissioner, the Commissioner and the Board, respectively and for the purpose of any proceedings in respect of such cases or persons reference in this Ordinance or the rules  made  thereunder to  the  Deputy Commissioner of Taxes,  116Inspecting Joint Commissioner, the Inspecting Additional Commissioner or the Commissioner shall be deemed to be references to  117Inspecting Joint Commissioner, the Inspecting Additional Commissioner, the Commissioner and the Board, respectively.
name: Establishment of Appellate Tribunal
details: 11. (1) For the purpose of exercising the functions of the Appellate Tribunal under this ordinance, the Government shall establish a Taxes Appellate Tribunal consisting of a President and such other 118 * * * members as the Government may, from time to time, appoint. (2) Omitted by section 28 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন) 119 (3) A person shall not be appointed as a member of the Taxes Appellate Tribunal unless- 120 (i) he was or is a member of the Board or holds the current charge of a member of the Board ; or (ii) he was a Commissioner of Taxes; or (iii) he is a Commissioner of Taxes 121 having at least one year experience as a Commissioner; or (iv) he is a chartered accountant and practised professionally for a period not less than eight years; or (v) he is a cost and management accountant and practised professionally for a period not less than eight years; or (vi) he is an income tax practitioner within the meaning of section 174(2)(f) and practised professionally for not less than twenty years; or (vii) he is a professional legislative expert having not less than eight years' experience in the process of drafting and making financial and tax laws; or (viii) he is an Advocate and practised professionally for not less than ten years in any income tax office 122 ; or 123 (ix) he is, was or has been a District Judge. 124 (4) The Government shall appoint one of the members of the Appellate Tribunal to be the President thereof 125 , who is a member of the Board or holds the current charge of a member of the Board. Explanation.- For the purpose of this section, period of practice as chartered accountant shall include any period of practice as chartered accountant within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961) 126 or Bangladesh Chartered Accountants Order, 1973 (P. O. No. 2 of 1973) or as registered accountant enrolled on the register of accountants under the Auditor's Certificate Rules, 1950.
name: Exercise of power of the Tribunal by Benches
details: 12. (1) Unless the President in any particular case or class of cases otherwise directs, the powers and functions of the Appellate Tribunal shall be exercised by Benches of the Appellate Tribunal, hereinafter referred to as Bench, to be constituted by the President. (2) A Bench shall be so constituted that it has not less than two members  127* * *  128. * * *
name: Decision of Bench
details: 13. (1) Subject to the provisions of sub-sections (2) and (3), the decision of bench in any case or on any point shall be given in accordance with the opinion of the majority of its members. (2) Any point on which the members of a Bench are equally divided shall be stated in writing and shall be referred by the President to one or more other members of the Appellate Tribunal for hearing and the Point shall be decided according to the majority of the members of the Appellate Tribunal who have heard it including those who first heard it. (3) Where there are only two members of the Appellate Tribunal and they differ in any case, the Government may appoint an additional member of the Appellate Tribunal for the purpose of hearing the case; and the decision of the case shall be given in accordance with the opinion of the majority of the members of the Appellate Tribunal as constituted with such additional member.
name: Exercise of power by one member
details: 14. Notwithstanding anything contained in section 12, the Government may direct that the powers and functions of the Appellate Tribunal shall be exercised by any one of its members, or by two or more members jointly or severally.
name: Regulation of procedure
details: 15. Subject to the provisions of this Ordinance, the Appellate Tribunal shall regulate its own procedure and the procedure of its Benches in matters arising out of the discharge of its functions including the places at which a Bench shall hold its sittings.
name: Charge of income-tax
details: 16. (1) Where an Act of Parliament provides that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall, subject to the provisions of that Act, be charged, levied, paid and collected in accordance with the provisions of this Ordinance in respect of the total income of the income year or income years, as the case may be, of every person:  Provided that where under the provisions of this Ordinance income-tax is to be charged in respect of the income of a period other than the income year, income-tax shall be charged, levied, paid and collected accordingly.  (2) Where under the provisions of this Ordinance income-tax is to be deducted at source, or paid or collected in advance, it shall be deducted, paid and collected accordingly.  129(3) Notwithstanding anything contained in sub-section (1), income tax shall be charged at the rates specified in Chapter VII and the Second Schedule in respect of-(i) any income classifiable under the head “Capital gains”;(ii) any income by way of “dividend” referred to in clause (26) of section 2; and(iii) any income by way of “winnings” referred to in section 19(13).
name: Charge of surcharge
details: 13016A. (1) Where any Act of Parliament enacts that a surcharge on income shall be charged for any assessment year at any rate or rates, such surcharge at that rate or those rates shall be charged for that year in respect of the total income of the income year or the income years, as the case may be, of every person. (2) All the provisions of this Ordinance relating to charge, assessment, deduction at source, payment in advance, collection, recovery and refund of income tax shall, so far as may be, apply to the charge, assessment, deduction at source, payment in advance, collection, recovery and refund of the surcharge.
name: Charge of additional tax
details: 13113216B. Charge of additional tax.-Notwithstanding anything contained in any other provision of this Ordinance, where any person employs or allows, without prior approval of the 133appropriate authority of the Government, any individual not being a Bangladeshi citizen to work at his business or profession at any time during the income year, such person shall be charged additional tax at the rate of fifty percent (50%) of the tax payable on his income or taka five lakh, whichever is higher in addition to tax payable under this Ordinance.
name: Charge of additional amount, etc
details: 16BB. Where under the provisions of this Ordinance any interest, amount or any other sum, by whatever name called, is to be charged in addition to tax, it shall be charged, levied, paid and collected accordingly.
name: Charge of minimum tax
details: 16BBB. Where under the provisions of this Ordinance any minimum tax is to be charged, it shall be charged, levied, paid and collected accordingly.
name: Omitted
details: 134***
name: Omitted
details: 135***
name: Omitted
details: 136***
name: Omitted
details: 16D. Charge of dividend distribution tax- Omitted by section 10 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন), which was inserted by section 18 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন).
name: Omited
details: 137***
name: Charge of tax on stock dividend
details: 13816F.  Notwithstanding anything contained in this Ordinance or any other law for the time being in force, if in an income year, the amount of stock dividend declared or distributed exceeds the amount of cash dividend declared ordistrbuted or without declaration or distribution of any cash divided by a company registered under কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) and listed to any stock exchange, tax shall be payable at the rate of ten per cent on the whole amount of stock dividend declared or distributed in that income year.
name: Charge of tax on retained earnings, reserves, surplus etc
details: 16G.  Notwithstanding anything contained in this ordinance or any other law for the time being in force, if in an income year, the total amount transferred to retained earnings or any fund, reserve or surplus, called by whatever name, by a company registered under কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) and listed to any stock exchange exceeds seventy per cent of the net income after tax, tax shall be payable at the rate of ten per cent on the total amount so transferred in that income year.
name: Charge of tax on the difference of investment, import and export
details: 13916H. Where, in any income year, the assessee has, in the statements submitted by him,(a) claimed to have carried on any import or export, and the amount paid or received for such import or export respectively, as shown in the statement, is found to be different from the actual transaction value, or (b) claimed to have made any investment and the actual of investment is found to be lower than the amount of investment disclosed in the statement, tax, without prejudice to any other provisions of this Ordinance, shall be payable at the rate of fifty percent (50%) on the amount of the difference as mentioned in clause (a) or on the difference between the disclosed and the actual amount of investment as mentioned in clause (b), as the case maybe.
name: Scope of the total income
details: 17. (1) Subject to the provisions of this Ordinance the total income of any income year of any person includes- (a) 	in relation to a person who is a resident, all income, from whatever source derived, which- (i) 	is received or deemed to be received in Bangladesh by or on behalf of such person in such year; or (ii) 	accrues or arises, or is deemed to accrue or arise to him in Bangladesh during that year; or (iii)	accrues or arises to him outside Bangladesh during that year; and (b)	in relation to a person who is a non-resident, all income from whatever source derived, which- (i) 	is received or deemed to be received in Bangladesh by or on behalf of such person in such year; or (ii) 	accrues or arises, or is deemed to accrue or arise, to him in Bangladesh during that year. (2) Notwithstanding anything contained in sub-section (1), where any amount consisting of either the whole or a part of any income of a person has been included in his total income  on the basis that it has accrued or arisen, or is deemed  to  have accrued or arisen, to him in any year, it shall not be included again in his total income on the ground that it is received or deemed to be received by him in Bangladesh in another year.
name: Income deemed to accrue or arise in Bangladesh
details: 18. The following income shall be deemed to accrue or arise in Bangladesh, namely:- (1) any income which falls under the head “Salaries”, wherever paid if- (a) 	it is earned in Bangladesh; or (b) 	it is paid by the Government or a local authority in Bangladesh to a citizen of Bangladesh in the service of such Government or authority; 140(2) any income accruing or arising, whether directly or indirectly ,  through or from- (a) any permanent establishment in Bangladesh; or (b) any property, asset, right or other source of income, including intangible property, in Bangladesh; or (c) the transfer of any assets situated in Bangladesh; or (d) the sale of any goods or services by any electronic means to purchasers in Bangladesh; or (e) any intangible property used in Bangladesh. Explanation.- For the purpose of clause (2)- (a) the shares of any company which is a resident in Bangladesh shall be deemed to be property in Bangladesh; (b) intangible property shall be deemed to be property in Bangladesh if it is- (i) registered in Bangladesh; or (ii) owned by a person that is not a resident of Bangladesh but has a permanent establishment in Bangladesh to which the intangible property is attributed;  (c) the transfer of any share in a company that is not a resident of Bangladesh shall be deemed to be the transfer of an asset situated in Bangladesh to the extent that the value of the share transferred is directly or indirectly attributable to the value of any assets in Bangladesh; (3) any dividend paid outside Bangladesh by a Bangladeshi company; (4) any income by way of interest payable- (a)	by the Government; or (b)	by a person who is a resident, except where the interest is payable in respect of any debt incurred, or moneys borrowed and used, for the purposes of a business or profession carried on by such person outside Bangladesh or for the purpose of making or earning any income from any source outside Bangladesh; or (c) 	by a person who is a non-resident where the interest is in respect of any debt incurred, or moneys borrowed and used for the purposes of a business or profession carried on by such person in Bangladesh or for the purposes of making or earning any income from any source in Bangladesh; (5) any income by way of fees for technical services payable- (a)	by the Government; or (b)	by a person who is a resident, except where such fees are payable in respect of services utilised in a business or profession carried on by any such person outside Bangladesh or for the purposes of making or earning any income from any source outside Bangladesh; or (c) 	by a person who is a non-resident where such fees are payable in respect of services utilised in a business or profession carried on by such person in Bangladesh or for the purposes of making or earning any income from any source in Bangladesh; (6) any income by way of royalty payable- (a)	by the Government; or (b)	by a person who is a resident, except where the royalty is payable in respect of any right, property or information used or services utilised for the purposes of a business or profession carried on by such person outside Bangladesh or for the purposes of making or earning any income from any source outside Bangladesh; or (c) 	by a person who is a non-resident where the royalty is payable in respect of any right, property or information used or services utilised for the purposes of a business or profession carried on by such person in Bangladesh or for the purposes of making or earning any income from any source in Bangladesh.
name: Un-explained investments, etc., deemed to be income
details: 19. (1) Where any sum is found credited in the books of an assessee maintained for any income year and the assessee offers no explanation about the nature and source thereof, or the explanation offered is not, in the opinion of the Deputy Commissioner of Taxes, satisfactory, the sum so credited shall be deemed to be his income for that income year classifiable under the head “Income from other sources”. (2) Where, in any income year, the assessee has made investments or is found to be the owner of any bullion, jewellery or other valuable article and the Deputy Commissioner of Taxes finds that the amount expended on making such investments or in acquiring such bullion, jewellery or other valuable article exceeds the amount recorded in this behalf in the books of account maintained by the assessee for any source of income and the assessee offers no explanation about the excess amount or the explanation offered is not, in the opinion of the Deputy Commissioner of Taxes, satisfactory, the excess amount shall be deemed to be the income of the assessee for such income year classifiable under the head “Income from other sources”. (3) Where, in any income year, the assessee has incurred any expenditure and he offers no explanation about the nature and source of the money for such expenditure, or the explanation offered is not in the opinion of the Deputy Commissioner of Taxes, satisfactory, the amount of the expenditure shall be deemed to be the income of the assessee for such income year classifiable under the head “Income from other sources”. (4) Where, in the financial year immediately preceding the assessment year, the assessee has made investments which are not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of fund for the investments, or the explanation offered is not, in the opinion of the Deputy Commissioner of Taxes, satisfactory, the value of the investments shall be deemed to be the income of the assessee for such financial year classifiable under the head “Income from other sources”. (5) Where, in the financial year immediately preceding the assessment year, the assessee is found to be the owner of any money, bullion, jewellery or other valuable article which is not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of fund for the acquisition of the money, bullion, jewellery or other valuable article, or the explanation offered is not, in the opinion of the Deputy Commissioner of Taxes, satisfactory, the money or the value of the bullion, jewellery or other valuable article, shall be deemed to be the income of the assessee for such financial year classifiable under the head “Income from other sources”. (6) Any income derived by an assessee in any income year (hereinafter in this sub-section referred to as the said income year) from any business or profession, which has been or was, discontinued at any time before the commencement, or during the courses, of the said income year shall, if such income would have been chargeable to tax if it had been received in the income year in which it accrued or arose, be deemed to be income chargeable to tax from such business or profession which shall, for the purposes of this Ordinance, be deemed to have been carried on before the commencement, or during the course, of the said income year. (7) Any dividend declared or distributed by a company shall be deemed to be the income of the 141 income year in which it is received and shall be included in the total income of the assessee of that year. (8) Where any assets, not being stock-in-trade 142***, are purchased by an assessee from any company and the Deputy Commissioner of Taxes has reason to believe that the price paid by the assessee is less than the fair market value thereof, the difference between the price so paid and the fair market value thereof, the difference between the price so paid and the fair market value shall be deemed to be income of the assessee classifiable under the head “Income from other sources”. (9) Where any lump sum amount is received or receivable by an assessee during any income year on account of salami or premia receipts by virtue of any lease, such amount shall be deemed to be income of the assessee of the income year in which it is received and classifiable under the head “Income from other sources”: Provided that at the option of the assessee such amount may be allocated for the purpose of assessment proportionately to the years covered by the entire lease period, but such allocation shall in no case exceed five years. (10) Where any amount is received by an assessee during any income year by way of goodwill money or receipt in the nature of compensation or damages for cancellation or termination of contracts and licences by the Government or any person, such amount shall be deemed to be the income of such assessee for that income year classifiable under the head “Income from other sources”. (11) Where any benefit or advantage, whether convertible into money or not, is derived by an assessee during any income year on account of cancellation of indebtedness 143 * * *, the money value of such advantage or benefit shall be deemed to be his income for that income year classifiable under the head “Income from other sources” 144 : 145 Provided that the provisions of this sub-section shall not apply in case of a loan or interest waived in respect of an assessee  146being individual by a commercial bank including Bangladesh Krishi Bank, Rajshahi Krishi Unnayan Bank, 147 Bangladesh Development Bank Ltd., or a leasing company or a financial institution registered under আর্থিক প্রতিষ্ঠান আইন, ১৯৯৩ (১৯৯৩ সনের ২৭ নং আইন) 148 : Provided further that the provisions of this sub-section shall not apply in case of a benefit or advantage, of an assessee being an individual, not exceeding taka ten lakh resulting from the waiver of margin loan or interest thereof by a holder of Trading Right Entitlement Certificate (TREC) as defined under এক্সচেঞ্জেস ডিমিউচ্যুয়ালাইজেশন আইন, ২০১৩ (২০১৩ সনের ১৫ নং আইন) in respect of the assessee’s investment in shares, debentures, mutual funds or securities transacted in the stock exchange; (12) Any managing agency commission including compensation received during any income year by an assessee for termination of agencies or any modification of the terms and conditions relating thereto shall be deemed to be his income for that income year classifiable under the head “Income from other sources”. (13) Any amount received by an assessee during any income year by way of winnings from lotteries, crossword puzzles, card games and other games of any sort or from gambling or betting in any form or of any nature whatsoever shall be deemed to be his income for that income year classifiable under the head “Income from other sources”. (14) Any profits and gains derived in any income year from any business of insurance carried on by a mutual insurance association computed in accordance with the provisions of paragraph 8 of the Fourth Schedule shall be deemed to be the income of such association for that income year. (15) Where, for the purpose of computation of income of an assessee under section 28, any deduction has been made for any year in respect of any loss, bad debt, expenditure or trading liability incurred by the assessee, and- (a) subsequently, during any income year, the assessee has received 149 except as provided in clause (aa), whether in cash or in any other manner whatsoever, any amount in respect of such loss, bad debt, or expenditure, the amount so received shall be deemed to be his income from business or profession during that income year; 150 (aa) such amount on account of any interest which was to have been paid to any commercial bank or the 151 Bangladesh Development Bank Ltd.or on account of any share of profit which was to have been paid to any bank run on Islamic principles and which was allowed as a deduction in respect of such expenditure though such interest or share of profit was not paid by reason of the assessee having maintained his accounts on mercantile basis, within 152 three years after expiry of the income year in which it was allowed, shall, to such extent as it remains unpaid, be deemed to be income of the assessee from business or profession during the income year immediately following the expiry of the said 153 three years; (b) the assessee has derived, during any income year, some benefit in respect of such trading liability, the value of such benefit, if it has not already been treated as income under clauses (c), shall be deemed to be his income from business or profession during that income year; (c) such trading liability or portion thereof as has not been paid within three years of the expiration of the income year in which deduction was made in respect of the liability, such liability or portion, as the case may be, shall be deemed to be the income of the assessee from business or profession during the income year immediately following the expiry of the said three years; and the business or profession in respect of which such allowance or deduction was made shall, for the purposes of section 28, be deemed to be carried on by the assessee in that year: 154 Provided that where any interest or share of profit referred to in clause (aa) or a trading liability referred to in clause (c) is paid in a subsequent year, the amount so paid shall be deducted in computing the income in respect of that year. (16) Where any building, machinery or plant having been used by an assessee for purpose of any business or profession carried on by him is disposed of during any income year and the sale proceeds thereof exceeds the written down value, so much of the excess as does not exceed the difference between the original cost and the written down value shall be deemed to be the income of the assessee for that income year classifiable under the head “Income from business or profession”. (17) Where any machinery or plant exclusively used by an assessee for agricultural purposes has been disposed of in any income year and the sale proceeds thereof exceeds the written down value, so much of the excess as does not exceed the difference between the original cost and the written down value shall be deemed to be the income of the original cost and the written down value shall be deemed to be the income of the assessee for that income year classifiable under the head “Agricultural income”.  (18) Where any insurance, salvage or compensation moneys are received in any income year in respect of any building, machinery or plant which having been used by the assessee for the purpose of business or profession is discarded, demolished or destroyed and the amount of such moneys exceed the written down value of such building, machinery or plant, so much of the excess as does not exceed the difference between the original cost and the written down value less the scrap value shall be deemed to be the income of the assessee for that income year classifiable under the head “Income from business or profession”. (19) Where any insurance, salvage or compensation moneys are received in any income year in respect of any machinery or plant which having been used by the assessee exclusively for agricultural purpose is discarded, demolished or destroyed and the amount of such moneys exceed the written down value of such machinery or plant, so much of the excess as does not exceed the difference between the original cost and the written down value less the scrap value shall be deemed to be the income of the assessee for that income year classifiable under the head “Agricultural income”. (20) Where an asset representing expenditure of a capital nature on scientific research within the meaning of section 29 (1) (xx) is disposed of during any income year, so much of the sale proceeds as does not exceed the amount of the expenditure allowed under the said clause shall be deemed to be the income of the assessee for that income year classifiable under the head “Income from business or profession”. Explanation 1.- For the purposes of this sub-section and sub-sections (16) and (17), “sale proceeds” shall have the same meaning as in the Third Schedule. Explanation 2.- For the purposes of this sub-section and sub-sections (16) and (18), the business or profession in which the building, machinery, plant or assets, as the case may be, was used before its disposal, shall be deemed to be carried on by the assessee during the income year in which such disposal takes place.  155 156 (21) Where any sum is claimed or shown to have been received as loan 157, advance or deposit of any kind called by whatever name, or gift by an Assessee otherwise than by a bank transfer, the amount so received shall be deemed to be the income of such Assessee for the income year in which such loan 158, advance or deposit of any kind called by whatever name, or gift was received, and shall be classifiable under the head “Income from other sources”: Provided that- (a) where a loan or part thereof, which was deemed as the income under this sub-section and included in the total income of the Assessee, is repaid 159or converted into consideration for any goods or services in a subsequent income year, the amount so repaid 160or converted into consideration for any goods or services shall be deducted in computing the income of the Assessee for that income year; (b) a loan shall not be deemed to be an income under this sub-section if the loan is taken from a banking company or a financial institution; 161(bb) deposits received by a Bank or a financial institution or an organization registered with Micro Credit Regulatory Authority or NGO Affairs Bureau shall not be deemed to be an income under this sub-section. (c) a loan or a gift received by an Assessee, being an individual, shall not be deemed to be the income under this sub-section, if- (i) the aggregate amount of such loan or gift received in an income year does not exceed five lakh taka; or (ii) the loan or the gift is received from spouse or parents 162or sons or daughters of the Assessee, and a banking channel or a formal channel is involved in the process of such loan or gift. 163*** 164 *** 165 *** (22) Where an assessee, being the owner of a house property, receives from any person to whom such house property or any part thereof is let out any amount which is not adjustable against the rent payable, the amount so received shall be deemed to be income of the assessee for the income year in which it is received and be classifiable under the head “income from house property”: Provided that at the option of the assessee such amount may be allocated, for the purpose of assessment in equal proportion to the year in which such amount is received and the four years next following: Provided further that where such amount or part thereof is refunded by the assessee in a subsequent income year the amount so refunded shall be deducted in computing the income of the assessee in respect of that income year. 166(22A) Where an assessee, being the owner of a house property, recieved, from any person to whom such house property or any part thereof is let out, any amount exceeding taka 2 lakh other than bank transfer which is adjustable against the rent receivable, the amount shall be deemed to be the “Income from house property” of the assessee for the income year in which it is received:Provided that where such amount is received through bank transfer, the amount shall be adjusted within five years after the year of receipt or the period of agreement whichever is lower, if after the expiry of the aforesaid period such amount or any part thereof remains unadjusted, the amount remained so unadjusted shall be deemed to be the “Income from house property” of the assessee in the income year in which such amount remains unadjusted.Explanation.¾In this sub-section, “bank transfer” means transfer from the account of the giver to the account of the receiver, and such accounts are maintained in a bank or financial institution legally authorised to operate accounts. (23) Where during any income year an assessee, being an exporter of garments, transfers to any person, the export quota or any part thereof allotted to him by the Government, such portion of the export value of the garments exportable against the quota so transferred as may be prescribed for this purpose shall be deemed to be income of the assessee for that income year, classifiable under the head “Income from business or profession”. 167 168 (24) Where a company, not listed with any stock exchange, receives paid up capital from any shareholder during any income year in any other mode excepting by crossed cheque or bank transfer, the amount so received as paid up capital shall be deemed to be the income of such company for that income year and be classifiable under the head "Income from other sources". 169 *** 170 171 *** (27) Where an assessee, being a company, purchases directly or on hire one or more motor car or jeep and value of any motor car or jeep exceeds ten percent of its 172 paid up capital together with reserve and accumulated profit, then fifty percent of the amount that exceeds such ten percent of the 173 paid up capital together with reserve and accumulated profit shall be deemed to be the income of such assessee for that income year classifiable under the head "Income from other sources". 174 ***  175 (29) Where an assessee, not being an assessee engaged in real estate business during any income year, purchases on credit any material for the purpose of construction of building or house property or its unit and fails to pay the sum or any part thereof representing the liability in respect of such purchase, the sum or any part thereof, 176 which has not been paid within two years from the end of the income year in which the purchase was made, shall be deemed to be the income of the assessee for the income year immediately following the expiry of the said two years and be classifiable under the head "Income from other sources”. (30) Where an assessee, in the course of any proceedings under this Ordinance, is found to have any sum or part thereof allowed or deducted but not spent in accordance with the provision of clause (h) of sub-section (1) of section 25 of this Ordinance, such unspent sum or part thereof shall be deemed to be the income of such assessee for that income year classifiable under the head “Income from house property”. 177 (31) Where an assessee files a revised return or an amended return under sections 78, 82BB or 93 and shows in such revised return or amended return any income that is subject to tax exemption or a reduced tax rate 178or any income derived from the sources mentioned in paragraph 33 of Part A of THE SIXTH SCHEDULE, so much of such income as exceeds the amount shown in the original return shall be deemed to be income of the assesseefor that income year classifiable under the head "Income from other sources. 179Explanation.¾For the purpose of this sub-section income that is subject to tax exemption or a reduced tax rate does not include the exclusions from total income as mentioned in PART A of the THE SIXTH SCHEDULE 180(32) Where any payment made for acquiring any asset or constitutes any asset and tax has not been deducted therefrom in accordance with Chapter VII, such payment shall be deemed to be the income of the person responsible for making the payment under this Ordinance and classifiable under the head “Income from other source” in the income year in which the payment was made.
name: Omitted
details: 181***
name: Omitted
details: 182***
name: Omitted
details: 183Omitted
name: Omitted
details: 184****
name: Omitted
details: 185***
name: Special Tax Treatment in respect of investment in new industrial undertaking
details: 18619AAAAAA.  1. Notwithstanding anything contained in this Ordinance or any other law for the time being in force, no question as to the source of any sum, if invested in between first day of July, 2021 and thirtieth day of June, 2022 (both days inclusive), in new industrial undertaking shall be raised by any authority if an individual pays on or before the thirtieth day of June, 2022, tax at the rate of ten percent (10%) on the sum so invested.2. Tax under this section shall only be payable by pay order or by automated challan, as the case may be.
name: 19B Omitted
details: 187***
name: 19BB Omitted
details: 188***
name: 19BBB Omitted
details: 189***
name: 19BBBBOmitted
details: 190***
name: Special tax treatment in respect of investment in *** building, apartmen
details: 19219BBBBB. (1) Notwithstanding anything contained in this Ordinance, source of any sum invested by any person, in the construction or purchase of any  193building or apartment shall be deemed to have been explained if the assessee pays, before the assessment for the relevant assessment year in which the investment is completed, tax at the following rate –(a) for building or apartment situated in the area of Gulshan Model Town, Banani, Baridhara, Motijheel Commercial Area and Dilkusha Commercial Area of Dhaka¾(i) taka four thousand per square meter in the case of a building or an apartment the plinth area of which does not exceed two hundred square meter;(ii) taka five thousand per square meter in the case of a building or an apartment the plinth area of which exceeds two hundred square meter;(b) for building or apartment situated in the area of Dhanmandi Residential Area, Defence Officers Housing Society (DOHS), Mahakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment, Kawran Bazar, Bijaynagar, Segunbagicha, Nikunja of Dhaka, and Panchlaish, Khulshi, Agrabad and Nasirabad Area of Chattogram¾(i) taka three thousand per square meter in the case of a building or an apartment the plinth area of which does not exceed two hundred square meter;(ii) taka three thousand and five hundred per square meter in the case of a building or an apartment the plinth area of which exceeds two hundred square meter;(c) for building or apartment situated in the area of any City Corporation other than areas mentioned in clauses (a) or (b)¾(i) taka eight hundred per square meter in the case of a building or an apartment the plinth area of which does not exceed one hundred and twenty square meter;(ii) taka one thousand per square meter in the case of a building or an apartment the plinth area of which exceeds one hundred and twenty square meter but does not exceed two hundred square meter;(iii) taka one thousand and five hundred per square meter in the case of a building or an apartment the plinth area of which exceeds two hundred square meter;(d) for building or apartment situated in the area of a Paurasabha of any district headquarters¾(i) taka three hundred per square meter in the case of a building or an apartment the plinth area of which does not exceed one hundred and twenty square meter;(ii) taka five hundred per square meter in the case of a building or an apartment the plinth area of which exceeds one hundred and twenty square meter but does not exceed two hundred square meter;(iii) taka seven hundred per square meter in the case of a building or an apartment the plinth area of which exceeds two hundred square meter;(e) for building or apartment situated in the area other than the areas mentioned in clauses (a) to (d)¾(i) taka two hundred per square meter in the case of a building or an apartment the plinth area of which does not exceed one hundred and twenty square meter;(ii) taka three hundred per square meter in the case of a building or an apartment the plinth area of which exceeds one hundred and twenty square meter but does not exceed two hundred square meter;(iii) taka five hundred per square meter in the case of a building or an apartment the plinth area of which exceeds two hundred square meter;(2) The rate of tax mentioned in sub-section (1) shall be twenty per cent higher in case where the assessee already owns a building or an apartment in any City Corporation before such investment is completed; or the assessee makes such investment in two or more buildings or apartments.(3) The rate of tax mentioned in sub-section (1) shall be one hundred per cent higher in case, where¾(a) a notice under section 93 has been issued before submission of such return of income for the reason that any income, asset or expenditure has been concealed or any income or a part thereof has escaped assessment; (b) a notice under clause (f) of section 113 has been issued before submission of such return of income;(c) any proceeding under sections 164, 165 or 166 has been initiated before submission of such return of income. (4) The provision of this section shall not apply where the source of such investment, made by the assessee for the construction or purchase of such 194building or apartment, is¾(a) derived from any criminal activities under any other law for the time being in force; or (b) not derived from any legitimate source.
name: Special tax treatment in respect of investment in the purchase of bond under Bangladesh Infrastructure Finance Fund
details: 19519C.- Notwithstanding anything contained in any other provision of this Ordinance, no question as to the source of any sum invested by any person in the purchase of bond issued or caused to be issued under Bangladesh Infrastructure Finance Fund during the period between the first day of July, 2010 and thirtieth day of June, 2012 (both days inclusive), shall be raised if the assessee pays, before the filing of return of income for the relevant income year, tax at the rate of ten per cent on such sum invested.
name: 19D Omitted
details: 196* * *
name: Special tax treatment in respect of investment in Economic Zones or Hi-Tech Parks
details: 19719DD.  Notwithstanding anything contained in this Ordinance or any other law for the time being in force, no question shall be raised as to the source of any sum invested in any economic zone declared under section 5 of বাংলাদেশ অর্থনৈতিক অঞ্চল আইন, ২০১০ (২০১০ সনের ৪২ নং আইন)  or in any hi-tech park declared under section 22 of বাংলাদেশ হাই-টেক পার্ক কর্তৃপক্ষ আইন, ২০১০ (২০১০ সনের ৮নং আইন) for setting up industrial undertaking engaged in producing goods or services therein within the period from the first day of July, 2019 and the thirtieth day of June, 2024 (both days inclusive) by a company, if tax at the rate of ten per cent is paid on the sum so invested before filing of the return for the concerned income year.
name: Voluntary disclosure of income.
details: 19819E. (1) Notwithstanding anything contained in this Ordinance, any person- (a) who has not been assessed to tax for previous assessment year or years and he has not submitted return of income for those year or years may disclose such income in the respective heads of income in the return of income along with the income for the current assessment year; or (b) who has been assessed to tax for previous assessment year or years and any income has escaped assessment in those assessments or the amount of income assessed is less than the actual income, may disclose that income for respective heads of income in the return of income along with the income for the current assessment year. (2) Return of income mentioned in sub-section (1) shall be treated as valid, if- (a) the assessee pays before the submission of return- (i) tax payable at applicable rate on total income including such income under respective heads of income; and (ii) penalty at the rate of ten percent of tax proportionate to such income under respective heads of income; (b) the return of income is submitted within the time specified in 199sub-section (5) of section 75; and (c) a declaration is enclosed with the return of income in respect of the following: (i) name of the person declaring; (ii) head of the declared income and amount thereof; and (iii) amount of tax and penalty paid thereof. (3) The provision of this section shall not apply where- 200(a) a notice under section 93 has been issued before submission of such return of income for the reason that any income, assets or expenditure has been concealed or any income or a part thereof has escaped assessment; (b) a notice on a banking company under clause (f) of section 113 has been issued before submission of such return of income; (c) any proceeding under sections 164, 165 or 166 has been initiated before submission of such return of income; 201*** (d) any income declared under this section is- (i) not derived from any legitimate source of income; or (ii) derived from any criminal activities under any other law for the time being in force202;or (e) any income declared under this section which is – (i) exempted from tax in the concerned income year; or (ii) chargeable to tax at a reduced rate in accordance with section 44 of this Ordinance. (4) The income shown under this section may be invested in any income generating activities or any sector including the following: (a) industrial undertaking including its expansion; (b) balancing, modernization, renovation and extension of an existing industry; (c) building or apartment or land; (d) securities listed with a Stock Exchange in Bangladesh; or (e) any trade, commercial, or industrial venture engaged in production of goods or services.
name: Special Tax Treatment in respect of undisclosed offshore assets
details: 20319F. (1) Notwithstanding anything contained in this Ordinance or any other law for the time being in force, no question as to the source of the undisclosed asset located outside of Bangladesh shall be raised by any authority if an assessee pays, before the submission of return of income applicable for the assessment year 2022-2023, tax at the rate specified in the following table:Table Description of the Asset Rate of tax Any cash or cash equivalents, bank deposits, bank notes, bank accounts, convertible securities and financial instruments if repatriated to Bangladesh through banking channel 7% (2) Where an assessee repatriates any sum from abroad under the scheme of this section, the bank responsible for crediting to the account of the assessee shall deduct tax in accordance with sub-section (1) before crediting and give a certificate of such deduction to the assessee.Subject to sub-section (2), tax under this section shall only be paid by automated challan.The provisions of this section shall not apply to cases where any proceeding has been drawn on account of tax evasion or criminal activities under any provision of this Ordinance or any other law by thirtieth June, 2022.For the purpose of this section, “return” shall include amended return under section 82BB or revised return under section 78 and be submitted by thirtieth day of June, 2023.
name: Penalty for any offshore asset not disclosed in the return
details: 20419G. (1) Without prejudice to any other liability which may incur under any other provision of this Ordinance and any other law for the time being in force, where any person being a resident Bangladeshi is found to be the owner of any offshore asset not disclosed in the return and the assessee offers no explanation about the nature and source thereof or the explanation offered is not satisfactory, the Deputy Commissioner of Taxes shall, after ensuring a reasonable opportunity of being heard, proceed to recover from such person the amount of penalty equal to the fair value of such offshore asset.(2) The Deputy commissioner of Taxes shall have the authority to recover the penalty under this section by confiscating or selling any asset held by or on behalf of the assessee.(3) The Deputy of Commissioner of Taxes shall have the power to conduct an offshore investigation, where he has reason to believe that an assessee has offshore assets not disclosed in the return.(3) To prevent holding undisclosed offshore asset and to recover such undisclosed asset, the Board shall have the power to-(a) take necessary action as it deems fit; or(b) allow, conduct, permit, arrange an inquiry or investigation by any income tax authority not being below the rank of Deputy Commissioner of Taxes.
name: Heads of income
details: 20. Save as otherwise provided in this Ordinance, all incomes shall, for the purpose of charge of income-tax and computation of total income, be classified and computed under the following heads of income, namely:- (a)	Salaries. (b) 	Interest on securities. (c) 	Income from house property. (d) 	Agricultural income. (e) 	Income from business or profession. (f) 	Capital gains. (g) 	Income from other sources.
name: Salaries
details: 21. (1) The following income of an assessee shall be classified and computed under the head “Salaries”, namely:- (a) 	any salary due from an employer to the assessee in the income year, whether paid or not; (b) 	any salary paid or allowed to him in the income year, by or on behalf of an employer though not due or before it became due to him; and (c) 	any arrears of salary paid or allowed to him in the income year by or on behalf of an employer, if not charged to income-tax for any earlier income year. (2) Where any amount of salary of an assessee is once included in his total income of an income year on the basis that it had become due or that it had been paid in advance in that year, that amount shall not again be included in his income of any other year.
name: Interest on securities
details: 22. The following income of an assessee shall be classified and computed under the head “Interest on securities”, namely:- (a) 	interest receivable by the assessee on any security of  205the Government or any security approved by Government ; and (b) 	interest receivable by him on debentures or other securities of money issued by or on behalf of a local authority or a company.
name: Deductions from interest on securities
details: 23. (1) In computing the income under the head “Interest on securities”, the following allowances and deduction shall be made, namely:- (a) 	any sum deducted from interest by way of commission or charges by a bank realising the interest on behalf of the assessee; (b)  any interest payable on money borrowed for the purpose of investment in the securities by the assessee  206: Provided that no allowance or deduction on account of any interest or commission paid under  clause (a)  or  (b),  as the case may be, in respect of, or allocable to the securities of Government which have been issued with the condition that interest thereon shall not be liable to tax, shall be made in computing the income under section 22. 207* * * (2) Notwithstanding anything contained in sub-section (1), no deduction shall be allowed under this section in respect of any interest payable outside Bangladesh on which tax has not been paid or deducted in accordance with the provisions of Chapter VII.
name: Income from house property
details: 24. (1) The tax shall be payable by an assessee under the head “Income from house property” in respect of the annual value of any property 208, whether used for commercial or residential purposes, consisting of any building  209,furniture, fixture, fittings etc. and lands appurtenant thereto of which he is the owner, other than such portions of the property as he may occupy for the purposes of any business or profession carried on by him, the income from which is assessable to tax under this Ordinance. (2) Where any such property as is referred to in sub-section (1) is owned by two or more persons and their respective shares are definite and ascertainable, such persons shall not constitute and shall not be deemed to be, an association of persons; and for the purpose of computation of the income of an assessee in respect of that property, only such part of such income as is proportionate to the share of the assessee shall be reckoned as his income from that property.
name: Deductions from income from house property
details: 25. (1) In computing the income under the head ''Income from house property'' the following allowances and deductions shall be made, namely:- (a) any sum payable to Government as land development tax or rent on account of the land comprised in the property; (b) the amount of any premium paid to insure the property against risk of damage or destruction; 210 * * * (d) where the property is subject to mortgage or other capital charge for the purpose of extension or reconstruction or improvement, the amount of any interest payable on such mortgage or charge; (e) where the property is subject to an annual charge not being a capital charge, the amount of such charge; Explanation.- The expression ''annual charge'', as used in this clause, includes any tax leviable, in respect of property or income from property, by local authority or Government but does not include the tax leviable under this Ordinance; (f) where the property is subject to a ground rent, the amount of such rent; (g) where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital 211 from bank or financial institution, the amount of any interest payable on such capital 212 ;  213 (gg) Where the property has been constructed with borrowed capital 214 form bank or financial institution and no income under section 24 was earned from that property during the period of such construction, the interest payable during that period on such capital, in three equal proportionate instalments for subsequent first three years for which income is assessable from that property; 215 (h) in respect of expenditure for repairs, collection of rent, water and sewerage, electricity and salary of darwan, security guard, pump-man, lift-man and caretaker and all other expenditure related to maintenance and provision of basic services: (i) an amount equal to one-fourth of the annual value of the property where the property is used for residential purpose; (ii) an amount equal to thirty per cent of the annual value of the property where the property is used for commercial purpose. 216 * * * (j) where, the whole of the property is let out and it was vacant during a part of the year, a sum equal to such portion of the annual value of the property as is proportionate to the period of the vacancy; and (k) where, the property is let out in parts, a sum equal to such portion of the annual value appropriate to the vacant part as is proportionate to the period of the vacancy of such part. (2) Notwithstanding anything contained in sub-section (1), no deduction shall be allowed under this section in respect of any interest or annual charge payable outside Bangladesh on which tax has not been paid or deducted in accordance with the provisions of Chapter VII. (3) Omitted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
name: Agricultural income
details: 26. (1) The following income of an assessee shall be classified and computed under the head “Agricultural income”, namely:- (a) 	any income derived by the assessee which comes within the meaning of “agricultural income” as defined in section 2(1); (b) 	the excess amount referred to in section 19(17); (c) 	the excess amount referred to in section 19(19). (2) Agricultural income derived from the sale of tea grown and manufactured by the assessee shall be computed in the prescribed manner. (3) Where the Board, by notification in the official Gazette, so directs, agricultural income from the sale of rubber, tobacco, sugar or any other produce grown and manufactured by the assessee may be computed in the manner prescribed for the purpose.
name: Deductions from agricultural income
details: 27. (1) In computing the income under the head “Agricultural income”, the following allowances and deductions shall be made, namely:- (a) 	any land development tax or rent paid in respect of the land used for agricultural purposes; (b) 	any tax, local rate or cess paid in respect of the land used for agricultural purposes, if such tax, rate or cess is not levied on the income arising or accruing, or deemed to accrue or arise, from agricultural operations or is not assessed at a proportion or on the basis of such income; (c) (i) subject to sub-clauses (ii) and (iii), the cost of production, that is to say, the expenditure incurred for the following purposes, namely:- (a) 	for cultivating the land or raising livestock thereon; (b) 	for performing any process ordinarily employed by a cultivator to render marketable the produce of the land; (c) 	for transporting the produce of the land or the livestock raised thereon to the market; and (d) 	for maintaining agricultural implements and machinery in good repair and for providing upkeep of cattle for the purpose of cultivation, processing or transportation as aforesaid; (ii) 	where books of accounts in respect of agricultural income derived from the land are not maintained, the cost of production to be deducted shall, instead of the expenditure mentioned in sub-clause (i), be sixty per cent of the market value of the produce of the land; (iii) no deduction on account of cost of production shall be admissible under this clause if the agricultural income is derived by the owner of the land from the share of the produce raised through any system of sharing of crop generally known as adhi, barga or bhag; (d) 	any sum paid as premium in order to effect any insurance against loss of, or damage to, the land or any crop to be raised from, or cattle to be reared on, the land; (e) 	any sum paid in respect of the maintenance of any irrigation or protective work or other capital assets; and such maintenance includes current repairs and, in the case of protective dykes and embankments, all such work as may be necessary from year to year for repairing any damage or destruction caused by flood or other natural causes; (f) 	a sum calculated at the rate as provided in the Third Schedule on account of depreciation in respect of irrigation or protective work or other capital assets constructed or acquired for the benefit of the land from which agricultural income is derived or for the purpose of deriving agricultural income from the land, if the required particulars are furnished by the assessee; (g) 	where the land is subject to a mortgage or other capital charge for purposes of reclamation or improvement, the amount of any interest paid in respect of such mortgage or charge; (h) 	where the land has been acquired, reclaimed or improved by the use of borrowed capital, the amount of any interest paid in respect of such capital; (i) 	where any machinery or plant which has been used by the assessee exclusively for agricultural purposes has been discarded, demolished or destroyed in the income year, the amount actually written off on that account in the books of accounts of the assessee,- (i) 	subject to the maximum of the amount by which the written down value of the machinery or plant exceeds the scrap value thereof if no insurance, salvage or compensation money has been received in respect of such machinery or plant; and (ii) 	subject to the maximum of the amount by which the difference between the written down value and the scrap value exceeds the amount of insurance, salvage or compensation money received in respect of such machinery or plant; (j) 	where any machinery or plant which has been used by the assessee exclusively for agricultural purposes has been sold or transferred by way of exchange in the income year, the amount actually written off on that account in the books of accounts of the assessee, subject to the maximum of the amount by which the written down value of the machinery or plant exceeds the amount for which it has been actually sold or transferred; and (k) 	any other expenditure, not being in the nature of capital expenditure or personal expenditure, laid out wholly and exclusively for the purpose of deriving agricultural income from the land. (2) 	Notwithstanding anything contained in sub-section (1), no deduction shall be allowed under this section in respect of any interest on which tax has not been paid or deducted in accordance with the provisions of Chapter VII.
name: Income from business or profession
details: 28. (1) The following income of an assessee shall be classified and computed under the head "Income from business or profession", namely:-  (a) profits and gains of any business or profession carried on, or deemed to be carried on, by the assessee at any time during the income year;  (b) income derived from any trade or professional association or other association of like nature on account of specific services performed for its members;  (c) value of any benefit or perquisite, whether convertible into money or not, arising from business or the exercise of a profession;  (d) the amount, the value of the benefit and the trading liability referred to in section 19(15);  (e) the excess amount referred to in section 19(16);  (f) the excess amount referred to in section 19(18);  (g) the sale proceeds referred to in section 19(20) 217;  (h) the amount of income under section 19 (23)218; 219(i) the shortfall of capital referred to in sub-section (12) of section 82BB.  Explanation.- Where speculative transactions carried on by an assessee are of such a nature as to constitute a business, the business (hereinafter referred to as "speculation business") shall be deemed to be distinct and separate from any other business.  (2) Notwithstanding anything contained in this Ordinance,-  (a) the profits and gains of any business of insurance and the tax payable thereon shall be computed in accordance with the provisions of the Fourth Schedule;  (b) the profits and gains from the exploration and production of petroleum (including natural gas) and the tax payable thereon shall be computed in accordance with the provisions of Part A of the Fifth Schedule;  (c) the profits and gains of any business which consists of, or includes, the exploration and extraction of such mineral deposits of a wasting nature (not being petroleum and natural gas) as may be specified in this behalf by the Government, carried on by an assessee in Bangladesh shall be computed in accordance with the provisions of Part B of the Fifth Schedule.  220(3) Notwithstanding anything to the contrary contained in any other provisions of the Ordinance, in the case of 221Bangladesh Development Bank Ltd 222, Investment Corporation of Bangladesh 223,any financial institution and any commercial bank including the Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank, the income by way of interest in relation to such categories of bad or doubtful debts as the Bangladesh Bank may classify in the income year in which it is credited to its profit and loss account for that year or, as the case may be, in which it is actually received whichever is earlier.
name: Deductions from income from business or profession
details: 29. (1) In computing the income under the head "Income from business or profession", the following allowances and deductions shall be allowed, namely:-  (i) the amount of any rent paid for the premises in which the business or profession is carried on:  Provided that if a substantial part of the premises is used by the assessee as a dwelling-house, the amount shall be a proportionate part of the rent having regard to the proportionate annual value of the part so used;  (ii) the amount paid for the repair of the hired premises in which the business or profession is carried on if the assessee has undertaken to bear the cost of such repair:  Provided that if a substantial part of the premises is used by the assessee as a dwelling-house, the amount shall be a proportionate part of the sum paid for such repair having regard to the proportionate annual value of the part so used;  (iii) the amount of any interest paid or any profit shared with a bank run on Islamic principles in respect of capital borrowed for the purposes of the business or profession:  Provided that if any part of such capital relates to replenishing the cash or to any other asset transferred to 224any other entity, when lending of money is not the business of transfer or, the amount shall be proportionate part of the interest so paid or the profit so shared having regard to the proportion of such capital so used;  (iv) any sum paid or credited to any person maintaining a profit and loss sharing account or deposit with a bank run on Islamic principles by way of distribution of profits by the said bank in respect of the said account of deposit;  225***  (vi) the amount paid on account of current repairs to buildings, machinery, plant or furniture used for the purpos  (vii) the whole or the proportionate part of the amount of any premium paid for insurance, against risk of damage, destruction or loss of buildings, machinery, plant or furniture, stocks or stores according as the whole or part thereof is used for the purposes of the business or profession;  (viii) in respect of depreciation of building, machinery, plant or furniture, being the property of the assessee 226or bridge or road or fly over owned by a physical infrastructure undertaking and used for the purposes of business or profession, the allowances as admissible under the Third Schedule;  227(viiia) in respect of amortization of license fees as admissible under the Third Schedule;  (ix) in the case of a ship, being a passenger vessel plying ordinarily on inland waters, or a fishing trawler, which is entitled to a special depreciation allowance under paragraph 8 of the Third Schedule, an investment allowance of an amount equivalent to twenty per cent of the original cost to the assessee for the year in which the ship or the trawler is first put to use for public utility;  228* * *  229* * *  (xi) where any building, machinery 230, plant or any other fixed asset not being imported software which, after having been used by the assessee for the purpose of his business, has been discarded, demolished or destroyed in any income year or any such asset has been sold, transferred by way of exchange or compulsorily acquired by a legally competent authority or exported outside Bangladesh in any income year, an obsolescence allowance to the extent and computed in the manner specified in paragraph 10 of the Third Schedule;  ((xii) in the case of any animal which has been used by the assessee for the purpose of business or profession otherwise than as stock-in-trade, has died or become permanently useless for such purpose, an amount equivalent to the difference between the original cost of the animal to the assessee and the sum, if any, realised by sale or other disposition of the carcass, as the case may be, of the animal;  (xiii) any sum paid on account of land development tax or rent, local rates or municipal taxes in respect of such premises or part thereof as is used by the assessee for the purpose of business or profession;  (xiv) any sum paid in the income year to an employee as bonus or commission for services rendered where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or commission and is reasonable with reference, except in the case of payment of festival bonus, to-  (a) the general practice in similar business or profession,  (b) the profits of the business or profession in that year, and  (c) the pay and other conditions of service of the employee.  231* * *  (xv) the amount of any debt or part thereof which is established to have become irrecoverable and has actually been written off as such in the books of accounts of the assessee for the income year if the debt or part thereof has been taken into account in computing the income of the assessee of that income year or an earlier income year and, in the case of the business of banking or money-lending carried on by the assessee, represents money lent in the ordinary course of business;  (xvi) where any amount of debt or part thereof which has actually been written off as irrecoverable in the books of accounts of the assessee in any income year but has not been allowed on the ground that it has not then become irrecoverable, so much of such debt or part thereof as has been established to have become irrecoverable in any subsequent income year shall be allowed as a deduction in that income year;  (xvii) where any such debt or part thereof is written off as irrecoverable in the books of accounts of the assessee for an income year and the Deputy Commissioner of Taxes is satisfied that such debt or part thereof became irrecoverable in an earlier income year not falling beyond a period of four years immediately preceding the income year in which it was written off, the Deputy Commissioner of Taxes may, notwithstanding anything contained in this Ordinance, allow such debt or part thereof as a deduction for such earlier income year if the assessee accepts such finding of the Deputy Commissioner of Taxes and re-compute the total income of the assessee for such earlier income year and make the necessary amendment; and the provisions of section 173 shall, so far as may be, apply thereto the period of four years referred to in 232the proviso of sub-section (1) of that section being reckoned from the end of the year in which the assessment relating to the income year in which the debt or part thereof is written off was made;  233* * *  234(xviiia) in respect of provision for bad and doubtful debt made by 235Bangladesh Development Bank Ltd for overdue loan, a sum equal to five per cent of such overdue loan or the amount of actual provision for such bad or doubtful debt in the books of the assessee, whichever is the less:  Provided that the deduction shall be allowed only in respect of the assessment years 1987-88, 1988-89, 1989-90 and 1990-91:  Provided further that if any amount out of the amount so allowed is ultimately recovered, the same shall be deemed to be a profit of the year in which it is recovered;  236(xviiiaa) in respect of provision for bad and doubtful debt and interest thereon made by a commercial bank including the Bangladesh Krishi Bank 237, Karmo shongsthan Bank and the Rajshahi Krishi Unnayan Bank, a sum equal to 238one per cent of the total outstanding loan including interest thereon or the amount of actual provision for such bad or doubtful debt and interest thereon in the books of the assessee, whichever is less:  Provided that the provisions of this clause shall apply only in respect of such loan as the Bangladesh Bank may, from time to time, classify as bad or doubtful debt:  239Provided further that the deduction shall be allowed only in respect of the assessment years 1990-91, 1991-92, 1992-93, 1993-94, 1994-95 240,1995-96, 1996-97, 1997-98, 1998-99 241, 1999-2000, 2000-2001 242, 2001-2002, 2002-2003, 2003-2004 243, 2004-2005, 2005-2006 and 2006-2007:  Provided further that if any amount out of the amount so allowed is ultimately recovered, the same shall be deemed to be a profit of the year in which it is recovered 244:  Provided further that no deduction under this clause shall be allowed in respect of-  (a) any amount representing grant allowed by the Government in the form of 15-year Special Treasury Bonds;  (b) any loan advanced to any Government organisation, body corporate, local authority, autonomous body, or any other loan guaranteed by the Government; and  (c) any debt representing loans advanced to any director of the bank, his nominees or dependants 245;  246* * *  (xix) any expenditure, not being in the nature of capital expenditure, laid out or expended on 247research and development in Bangladesh related to the business carried on by the assessee;  (xx) any expenditure of a capital nature laid out or expended on 248research and development in Bangladesh related to the business carried on by the assessee:  Provided that where a deduction is allowed for any income year under this clause in respect of expenditure represented wholly or partly by any asset, no deduction shall be allowed under clause (viii) or (ix) for the same income year in respect of that asset;  (xxi) any sum paid to a scientific research institute, association or other body having as its object the undertaking of scientific research, or to a University, College, Technical School or other Institution for the purpose of scientific research or technical training related to the class of business carried on by the assessee, if such Institute, association or body, or such University, College, Technical School or Institution is, for the time being, approved by the Board for the purpose of this clause.  Explanation.- In this clause 249***,-  (a) "scientific research" means any activities in the field of natural or applied science for the extension of knowledge;  (b) references to expenditure incurred on scientific research do not include any expenditure incurred in the acquisition of rights in, or arising out of, scientific research, but save as aforesaid, include all expenditure incurred for the prosecution of, or the provision of facilities for the prosecution of, scientific research;  (c) reference to scientific research related to a business or class of business includes-  (i) any scientific research which may lend to or facilitate an extension of that business or, as the case may be, all businesses of that class;  (ii) any scientific research of a medical nature which has a special relation to the welfare of workers employed in that business or, as the case may be, business of that class;  (xxii) any expenditure, not being in the nature of capital expenditure, laid out or expended on any educational institution or hospital established for the benefit of the employees of the assessee, their families and dependents or on the training of industrial workers, if-  (a) no charge is made for services rendered by such institution or hospital or for the training of the workers; and  (b) no deduction or allowance is claimed for such expenditure under any other clause of this section;  (xxiii) any expenditure in the nature of capital expenditure laid out or expended on the construction and maintenance of any educational institution or hospital established by the assessee for the benefit of his employees, their families and dependents, or on any institute for the training of industrial workers, if-  (a) no charge is made for the services rendered by such institution or hospital or for the training of the workers; and  (b) no deduction or allowance is claimed under any other clause of this section for the same income year in respect of expenditure represented either wholly or partly by any asset;  (xxiv) any expenditure laid out or expended on the training of citizens of Bangladesh in connection with a scheme approved by the Board for purposes of this clause;  (xxv) any expenditure, not being in the nature of capital expenditure or personal expenses, incurred by an assessee in connection with visits abroad as a member of a trade delegation sponsored by the Government;  (xxvi) any sum paid on account of annual membership subscription to a registered trade organisation within the meaning of the Trade Organisations Ordinance, 1961(XLV of 1961), or to a professional institution recognised by the Board in this behalf;  (xxvii) any expenditure, not being in the nature of capital expenditure or personal expenses of the assessee, laid out or expended wholly and exclusively for the purpose of the business or profession of the assessee.  (2) Where any premises, building, machinery, plant or furniture is not wholly used for the purposes of business or profession, any allowance or deduction admissible under this section shall be restricted to the fair proportional part of the amount which would be allowable if such premises, building, machinery, plant or furniture was wholly so used.  Explanation.- For the purposes of this section, the expression "plant" includes ships, vehicles, books, scientific apparatus and surgical and other instruments or equipments used for the purpose of business or profession.
name: Provision for disallowance
details: 25030A. Notwithstanding anything contained in sections 28, 29 and 30, the Deputy Commissioner of Taxes shall not make any disallowance or deduction for any year from any claim made by an assessee in the trading account or profit or loss account without specifying reason for such disallowance or deduction.
name: Deduction not admissible in certain circumstances
details: 30. Notwithstanding anything contained in section 29, no deduction on account of allowance from income from business or profession shall be admissible in respect of the following, namely:- (a) any payment which is an income of the payee classifiable under the head "Salaries" if tax thereon has not been paid in accordance with provisions of Chapter VII; 251 (aa) any payment made by an assessee to any person if tax thereon has not been deducted and credited in accordance with the provisions of Chapter VII 252 ***, 253 (aaa) any payment by way of salary to an employee if the employee is required to obtain a twelve-digit Taxpayer’s Identification Number under the provisions of this Ordinance but fails to obtain the same at the time of making such payment;  254 (aaaa) any payment made by way of salary to an employee for whom the statement under section 108A was not provided; (b) any payment by way of interest, salary, commission or remuneration made by a firm or an association of persons to any partner of the firm or any member of the association, as the case may be; (c) any payment by way of brokerage or commission made to a person who is not a resident in Bangladesh unless tax has been deducted therefrom under section 56; (d) any payment to a provident fund or other fund established for the benefit of the employees unless the employer has made effective arrangements to secure that tax shall be deducted at source from any payments made from the fund which are taxable being income falling under the head "Salaries"; 255 (e) so much of the expenditure by an assessee on the provision of perquisites, as defined in clause (45) of section 2, to any employee as exceeds taka 256 257ten lakh and to any employee who is a person with disability, as exceeds taka twenty five lakh: Provided that the provision of this clause shall not be applicable to an employer where perquisites were paid to an employee in pursuance of any Government decision published in the official Gazette to implement the recommendation of a Wage Board constituted by the Government; (f) any expenditure in respect of the following as is in excess of the amount or rate prescribed in this behalf and as is not, in the cases of sales and services liable to excise duty, supported by excise stamp or seal, namely:- (i) entertainment; (ii) foreign travels of employees and their dependents for holidaying and recreation; 258*** and (iv) distribution of free samples; 259 (g) any expenditure exceeding ten per cent of the 260 net profit disclosed in the statement of accounts 261 by way of head office or intra-group expense, called by whatever name, by a company, not incorporated in Bangladesh under কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সালের ১৮ নং আইন); 262 (h) so much of the expenditure or aggregate of the expenditure by an assesse by way of royalty, technical services fee, technical know how fee or technical assistance fee or any fee of similar nature, as exceeds the following: (i) For the first three income years from the commencement of the business or profession Ten percent (10%) of the 263net profit from business or profession, excluding any profit or income of subsidiary or associate or joint venture,  disclosed in the statement of accounts; (ii) For subsequent income years Eight percent (8%) of the 264net profit from business or profession, excluding any profit or income of subsidiary or associate or joint venture, disclosed in the statement of accounts;”। ; (i) any payment by way of salary or remuneration madeotherwise than by 265*** bank transfer by a person to any employee having gross monthly salary of taka 266twenty thousand or more; 267(ii) any payment exceeding Taka five lakhs paid by a person on account of purchase of raw materials otherwise than by bank transfer; (j) any expenditure by way of incentive bonus exceeding ten per cent of the 268 net profit disclosed in the statement of accounts; (k) any expenditure by way of overseas traveling exceeding 269zero point five zero percent (0.50%) of the disclosed 270business turnover 271 272 : Provided that nothing of this clause shall apply to the overseas traveling expenses by an assessee engaged in providing any service to the Government where overseas traveling is a key requirement of that service; (l) any payment by way of commission paid or discount made to its shareholder director by a company; 273(m) any payment by a person exceeding taka fifty thousand or more, otherwise than by bank transfer excluding-(i) salary or remuneration made to any employee, without prejudice to an obligation referred to in clause (i) ;(ii)  any payment for government obligation;(iii) any payment on account of purchase of raw materials; 274 ; (n) any payment by way of any rent of any property, whether used for commercial or residential purposes, otherwise than by 275*** bank transfer 276 ; (o) any payment made to a person who is required to obtain a twelve-digit Taxpayer’s Identification Number under clauses (xxviii), (xxix) and (xxx) of sub-section (3) of section 184A but fails to hold the same at the time of payment. 277(p) any promotional expense exceeding zero point five zero percent (0.50%) of the disclosed business turnover. 278Explanation-1.-For the purpose of the clause (p), ‘promotional expense’ means any expense incurred by way of giving any benefit in kind or cash or in any other form to any person for the promotion of business or profession.279***
name: Treatment of disallowances
details: 28030B.  Notwithstanding anything contained in section 82C or any loss or profit computed under the head “Income from business or profession”, the amount of disallowances made under section 30 shall be treated separately as “Income from business or profession” and the tax shall be payable thereon at the regular rate.
name: Capital gains
details: 31. Tax shall be payable by an assessee under the head “Capital gains” in respect of any profits and gains arising from the transfer of a capital asset and such profits and gains shall be deemed to be the income of the income year in which the transfer took place.  281***
name: Capital gains from the transfer of business or undertaking
details: 28231A.  Tax shall be payable by an assessee on “capital gains from the transfer of business or undertaking” in respect of any profits and gains arising from the transfer of business or undertaking in its entirety with all of its assets and liabilities and such profits and gains shall be deemed to be the income of the assessee in respect of the income year during which the transfer takes place.
name: Computation of capital gains
details: 32. (1) The income under the head “Capital gains” shall be computed after making the following deduction from the full value of the consideration received or accruing from the transfer of the capital asset or the fair market value thereof, whichever is higher, namely:- (a) any expenditure incurred solely in connection with the transfer of the capital asset; or (b) the cost of acquisition of the capital asset and any capital expenditure incurred for any improvements thereto but excluding any expenditure in respect of which any allowance is admissible under any provisions of sections 23, 29 and 34. (1A) Omitted by section 4 of অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন). (2) For the purpose of this section, “cost of acquisition of the capital asset” means- (i) where it was acquired by the assessee by purchase, the actual cost of acquisition; and (ii) where it became the property of the assessee- 283 * * * 284 285 * * * (cc) under a deed of gift, bequest or will; or (ccc) under a transfer on a revocable or irrevocable trust; or (d) on any distribution of capital assets on the liquidation of a company; or (e) on any distribution of capital assets on the dissolution of a firm or other association of persons or the partition of a Hindu undivided family; the actual cost of acquisition to the previous owner of the capital asset as reduced by the amount of depreciation, if any, allowed to the previous owner; and where the actual cost of acquisition to the previous owner cannot be ascertained, the fair market value at the date on which the capital asset became the property of the previous owner: Provided that where the capital asset is an asset in respect of which the assessee has obtained depreciation allowance in any year, the cost of acquisition of the capital asset to the assessee shall be its written down value increased or diminished, as the case may be, by any adjustment made under section 19(16) or (17) or section 27(1)(j) or section 29(1) (xi) 286 : 287 * * * 288 Provided further that where the capital asset became the property of the assessee by succession, inheritance or devolution, the actual cost of acquisition of the capital asset to the assessee shall be the fair market value of the property prevailing at the time the assessee became the owner of such property. (3) Where in the opinion of the Deputy Commissioner of Taxes the fair market value of a capital asset transferred by an assessee as on the date of transfer exceeds the full value of the consideration declared by the assessee by an amount of not less than fifteen per cent of the value so declared, the fair market value of the capital asset shall be determined with the previous approval of the Inspecting Joint Commissioner. (4) Where in the opinion of the Deputy Commissioner of Taxes the fair market value of a capital asset transferred by an assessee as on the date of the transfer exceeds the declared value thereof by more than twenty-five per cent of such declared value, the Government may offer to buy the said asset in such manner as may be prescribed. (5) Notwithstanding anything contained in this section or section 31, where a capital gain arises from the transfer of a capital asset which immediately before the date on which the transfer took place was being used by the assessee for the purposes of his business or profession and the assessee has, within a period of one year before or after that date, purchased a new capital asset for the 289 * * * purposes of his business or profession, then, instead of the capital gain being charged to tax as income of the income year in which the transfer took place, it shall, if the assessee so elects in writing before the assessment is made, be dealt with in accordance with the following provisions of this sub-section, that is to say- (a) if the amount of the capital gains is greater than the cost of acquisition of the new asset,- (i) the difference between the amount of the capital gain and the cost of acquisition of the new asset shall be charged under section 31 as income of the income year, and (ii) for the purposes of computing in respect of the new asset any allowance under the Third Schedule or the amount of any capital gain arising from its transfer, the cost of acquisition or the written down value, as the case may be, shall be nil, or (b) if the amount of the capital gain is equal to or less than the cost of acquisition of the new asset,- (i) the capital gain shall not be charged under section 31, and (ii) for the purposes of computing in respect of the new asset any allowance under the Third Schedule or any income under section 19(16) or the amount of any capital gain arising from its transfer, the cost of acquisition or the written down value, as the case may be, shall be reduced by the amount of the capital gain: Provided that where in respect of the purchase of a new capital asset consisting of plant or machinery, the assessee satisfies the Deputy Commissioner of Taxes that despite the exercise of due diligence it has not been possible to make the purchase within the period specified in this sub-section, the Deputy Commissioner of Taxes may, with the prior approval of the Inspecting Joint Commissioner, extend the said period to such date as he considers reasonable. 290(5A) Where any capital gain arises from any transfer of capital asset in a scheme of amalgamation, no tax shall be charged under section 31:Provided that in a scheme of amalgamation, any consideration received by the shareholders of the amalgamating companies in any manner other than the shares of the amalgamated company shall be subject to applicable tax. (6) Omitted by section 57 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন). 291 *** (8) Omitted by section 57 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন). (9) Omitted by section 57 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন). (10) Notwithstanding anything contained in this section or section 31, where a capital gain arises from the transfer of capital being buildings or lands to a new company registered under 292 the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন), for setting up of an industry, and if the whole amount of capital gain is invested in the equity of the said company, then the capital gain shall not be charged to tax as income of the year in which the transfer took place. (11) Notwithstanding anything contained in this section or section 31, where a capital gain arises from the transfer of a capital asset of a firm to a new company registered under 293 the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন), and if the whole amount of the capital gain is invested in the equity of the said company by the partners of the said firm, then the capital gain shall not be charged to tax as income of the year in which the transfer took place. (11A) 294 *** 295 (12) Notwithstanding anything contained in 296 sub-sections (5), (7), (10) and (11), no exemption shall be allowed to any person on so much of profits and gains arising out of the transfer of a capital asset as is attributable to the cost of acquisition of such asset in respect of which any investment allowance referred to in paragraphs 1, 2, 3, 4, 5, 6, 8, 9, 10 and 11 of PART B of THE SIXTH SCHEDULE to this Ordinance was at any time allowed.
name: Computation of capital gains from the transfer of business or undertaking
details: 29732A. The Capital gains from the transfer of business or undertaking shall be computed after making the following deductions from the full value of the consideration received or accruing from the transfer of the business or undertaking in its entirety or the fair market value thereof, whichever is higher, namely:—  (a) any expenditure incurred solely in connection with the transfer of the business or undertaking in its entirety; and  (b) the book value of the assets minus the liabilities taken up as on the date of transfer as a result of the transfer of the business or undertaking in its entirety.”
name: Income from other sources
details: 33. The following income of an assessee shall be classified and computed under the head “Income from other sources”, namely:-  (a) dividend and interest;  (b) royalties and fees for technical services;  (c) income from letting of machinery, plants or furniture belonging to the assessee, and also of buildings belonging to him if the letting of buildings is inseparable from the letting of the machinery, plant or furniture;  298(d) any income to which sub-sections (1)-(5), (8)-(13), (21), (24), (27), (29), (31) or (32) of section 19 and sub-section (3) of section 19AAAA apply.;
name: Deductions from income from other sources
details: 34. (1) The amount of interest paid in respect of money borrowed for the purpose of acquisition of shares of a company. (2) Any expenditure, not being in the nature of capital expenditure or personal expenses of the assessee, incurred solely for the purpose of making or earning the relevant income. (3) Where the income is derived from letting on hire of machinery, plant or furniture belonging to the assessee and also of building belonging to him if the letting of the building is inseparable from the letting of such machinery, plant or furniture, the same allowances as are admissible under section 29(1)(vi), (vii), (viii) and (xi) to an assessee in respect of income under the head “Income from business or profession” subject to the same conditions and limitations as if the income from such letting on hire were income from business or profession: Provided that the provisions of section 19(16) shall also be applicable for the determination of any profits where the sale proceeds of such machinery, plant, furniture or building exceeds the written down value thereof. (4) Notwithstanding anything contained in this section, no allowance shall be made on account of- (a) 	any interest chargeable under this Ordinance which is payable outside Bangladesh on which tax has not been paid and from which tax has not been deducted at source under section 56; or (b) 	any payment which is chargeable under the head “Salaries” if tax has not been paid thereon or deducted therefrom under section 50.
name: Method of accounting
details: 35. (1) All income classifiable under the head 299 "Agricultural income", "Income from business or profession" or "Income from other sources" shall be computed in accordance with the method of accounting regularly employed by the assessee. 300 (2) Notwithstanding anything contained in sub-section (1), the Board may, in case of any business or profession, or class of business or profession, or any other source of income, or any class of persons or class of income, by a general or special order, direct that the accounts and other documents shall be maintained in such manner and form, and the mode of payments of commercial transactions recorded in such manner and form, as may be prescribed or as may be specified in such direction; and thereupon the income of the assessee shall be computed on the basis of the accounts maintained, payments made and transactions recorded accordingly. 301 “(3) Without prejudice to the preceding sub-sections, every company as defined in 302clause (20) of section 2 shall, with the return of income required to be filed under this Ordinance, furnish a copy of the trading account, profit and loss account and the balance sheet in respect of the relevant income year- (a) certified by a chartered accountant to the effect that the accounts are- (i) maintained and the statements are prepared and reported in accordance with Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS) or in accordance with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) as adopted in Bangladesh; and (ii) audited in accordance with the Bangladesh Standards on Auditing (BSA); (b) signed by the persons including as many directors as required under sub-sections (1) and (2) of section 189 of কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সালের ১৮ নং আইন); (4) Where- (a) no method of accounting has been regularly employed, or if the method employed is such that, in the opinion of the Deputy Commissioner of Taxes, the income of the assessee cannot be properly deducted therefrom; or (b) in any case to which sub-section (2) applies, the assessee fails to maintain accounts, make payments or record transactions in the manner directed under that sub-section; or (c) a company 303 * * * has not complied with the requirements of sub-section (3) 304 or the certification of accounts is not found verifiable; the income of the assessee shall be computed on such basis and in such manner as the Deputy Commissioner of Taxes may think fit.
name: Allocation of income from royalties, etc., for literary works, etc.
details: 36. Where the time taken by the author of a literary or artistic work in the making thereof exceeds twelve months, the amount received or receivable by him during any income year in lump sum on account of royalties or copyright fees in respect of that work shall, if he so claims, be deemed to be the income of- (a) 	the income year in which it is received and the immediately preceding income year if the time taken in making such work exceeds twelve months but does not exceed twenty-four months; and (b) 	the income year in which it is received and the two immediately preceding income years if the time taken in making such work exceeds twenty-four months, and shall be allocated in equal proportions to each such income year and the income of the assessee in respect of an income year shall be computed accordingly. Explanation.- For the purposes of this section, the expression “author” includes a joint author and the expression “lump sum” in regard to royalties or copyright fees includes an advance payment on account of such royalties or copyright fees which is not returnable.
name: Set off of losses
details: 37. Where, in respect of any assessment year, the net result of computation of income under any head is a loss, the assessee shall, subject to the other provisions of this Ordinance, be entitled to have the amount of such loss set off against his income, if any, assessable for that assessment year under any other head:  305306Provided that any loss in respect of any speculation business or any loss under the head “Capital gains” shall be set off only against any income in respect of speculation business or any income under the head “Capital gains”:Provided further that any loss from any source, income of which is exempted from tax or income of which is taxed at a reduced rate, shall not be set off against any income from any source:  Provided further that for the purposes of this section the Deputy Commissioner of Taxes shall, in computing any loss, deduct any amount received in cash as subsidy from the Government307:  308Provided further that any loss in respect of any income from business or profession shall not be so set off, or be carried forward to succeeding assessment year or years for set off, against any income from house property309: Provided further that any loss in respect of any income from any head shall not be so set off against any income from manufacturing of cigarette 310, bidi, zarda, chewing tobacco, gul or any other smokeless tobacco or tobacco products.
name: Carry forward of business losses
details: 38. Where, for any assessment year, the net result of the computation of income under the head “Income from business or profession” is a loss to the assessee, not being a loss sustained in a speculation business, and such loss has not been wholly set off under section 37, so much of the loss as has not been so set off, the whole of the loss, where the assessee has no income under any other head or has income only under the head “Capital gains”, shall be carried forward to the next following assessment year, and- (a) 	it shall be set off against the income, if any, from the business or profession for which the loss was originally computed if such business or profession continued to be carried on by him in the income year; and (b) 	if the loss cannot be wholly so set off, the amount of the loss not so set off shall be carried forward to the next assessment year and so on for not more than six successive assessment years.
name: Carry forward of loss in speculation business
details: 39. (1) Where, for any assessment year, the result of computation of income in respect of any speculation business carried on by the assessee is a loss, it shall be set off only against the income, if any, from any other speculation business carried on by him and assessable for that assessment year. (2) Where, for any assessment year, any loss computed in respect of a speculation business has not been wholly set off under sub-section (1), so much of the loss as has not been so set off, or the whole loss where the assessee has no income from any other speculation business, shall, subject to the provisions of this Ordinance, be carried forward to the next following assessment year, and- (a) 	it shall be set off against the income, if any, from any speculation business carried on by him and assessable for that assessment year; and (b) 	if the loss cannot be wholly so set off, the amount of loss not so set off shall be carried forward to the next assessment year and so on for not more than six successive assessment years.
name: Carry forward of loss under the head “Capital gains”
details: 40. (1) Where, in respect of any assessment year, the net result of computation of income from any source under the head “Capital gains” is a loss, it shall be set off only against income from any other source falling under that head and assessable for that year. (2) Where, for any assessment year, any loss computed under the head “Capital gains” has not been wholly set off under sub-section (1), so much of the loss as has not been so set off, or the whole loss where the assessee has no income from any other source falling under that head, shall, subject to the provisions of this Ordinance, be carried forward to the next following assessment year, and- (a) 	it shall be set off against income, if any, of the assessee under that head and assessable for that year; and (b) 	if the loss cannot be wholly so set off, the amount of loss not so set off shall be carried forward to the next assessment year and so on for not more than six successive assessment years. (3) Where, in respect of any assessment year, the loss computed under the head “Capital gains” does not exceeds five thousand taka it shall not be carried forward and where it exceeds five thousand taka only so much of such loss shall be carried forward as exceeds five thousand taka.
name: Carry forward of loss under the head “Agricultural income”
details: 41. Where, for any assessment year, the net result of the computation of income under the head “Agricultural income” is a loss to the assessee, and such loss has not been wholly set off under section 37, so much of the loss as has not been so set off, or the whole of the loss, where the assessee has no income under any other head or has income only under the head “Capital gains”, shall be carried forward to the next following assessment year, and- (a) 	it shall be set off against agricultural income, if any, of the assessee assessable for that assessment year; and (b) 	if the loss cannot be wholly so set off the amount not so set off shall be carried forward to the next assessment year and so on for not more than six successive assessment years.
name: Conditions and limitations of carrying forward of loss, etc.
details: 42. (1) The provisions of sections 37, 38, 39, 40 and 41 shall have effect subject to the conditions and limitations set out in this section.  (2) Omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন).  (3) In the case of 311a firm,-  (a) Where the assessee is the firm, the loss sustained by it under any head of income shall be set off under section 37 only against the income of the firm under any other head and not against the income of any of the partners of the firm; and  (b) where the assessee is a partner of the firm, he shall not be entitled to have any loss, sustained by the firm carried forward and set off against his own income. 312(3A) Where the assessee is an Association of Persons, the loss sustained by it under any head of income shall be set off under section 37 only against the income of the Association of Persons under any other head and not against the income of any of the members of the Association of Persons.  (3B) Where the assessee is a member of the Association of Persons, he shall not be entitled to have any loss sustained by the Association of Persons carried forward and set off against his own income.”  (4) Where any person carrying on any business or profession has been succeeded in such capacity by another person otherwise than by inheritance, no person, other than the person incurring the loss, shall be entitled to have the loss in such business or profession set off against his income under any other head.  (5) In the case of a firm in the constitution of which a change has occurred,-  (a) the firm shall not be entitled to set off so much of the loss proportionate to the share of a retired or deceased partner as exceeds his share of profits, if any, of the income year in the firm; and  (b) a partner of the firm shall not be entitled to the benefit of any portion of the said loss as is not apportionable to him.  (6) Where, in making an assessment for any year, full effect cannot be given to the allowances referred to in section 29(1) (viii) owing to there being no profits or gains chargeable for that year or such profits or gains being less than the allowance then, subject to the provisions of sub-section (7), the allowance or part of the allowance to which effect has not been given, as the case may be, shall be added to the amount of the allowance for depreciation for the following year and be deemed to be part of that allowance or if there is no such allowance for that year, be deemed to be the allowance for that year and so on for succeeding years.  (7) Where, under sub-section (6), depreciation allowance is also to be carried forward, effect shall first be given to the provisions of sections 38 and 39 (2). 313(8) In a scheme of amalgamation, the amalgamated company shall have the right to carry forward the accumulated loss and the unabsorbed depreciation of the amalgamating company as if the loss or the unabsorbed depreciation, as the case may be, has been the accumulated loss or the unabsorbed depreciation of the amalgamated company in the income year in which the amalgamation took place.
name: Computation of total income
details: 43. (1) For the purpose of charge of tax, the total income of an assessee shall be computed in the manner provided in this ordinance. (2) In computing the total income of an assessee, there shall be included any exemption or allowance specified in part B of the Sixth Schedule and any income deemed to be the income of the assessee under section 19, subject to the limits, conditions and qualifications laid down therein. (3) Where the assessee is a partner of a firm, then, whether the firm has made a profit or a loss, his share (whether a net profit or a net loss) shall be taken to be any salary, interest, commission or other remuneration payable to him by the firm in respect of the income year increased or decreased respectively by his share in the balance of the profit or loss of the firm after the deduction of any interest, salary, commission or other remuneration payable to any partner in respect of the income year  314* * * and such share shall be included in his total income: Provided that if his share so computed is a loss, such loss may be set off or carried forward and set off in accordance with the provisions of section 42. (4) In computing the total income of any individual for the purpose of assessment, there shall be included- (a) 	so much of the income of the spouse or minor child of such individual as arises, directly or indirectly,- (i) 	from the membership of the spouse in a firm of which such individual is a partner; (ii) 	from the admission of the minor child to the benefits of partnership in a firm of which such individual is a partner; (iii) 	from assets transferred directly or indirectly to the spouse  315otherwise than by way of gift or for adequate consideration or in connection with an agreement to live apart; or (iv) 	from assets transferred directly or indirectly to the minor child, not being a married daughter, by such individual  316otherwise than by way of gift or for adequate consideration; and (b) 	so much of the income of any person or association of persons as arises from assets transferred,  317otherwise than by way of gift or for adequate consideration, to such person or association or persons by such individual for the benefit of the spouse or minor child or both. (5) All income arising to any person by virtue of a settlement or disposition whether revocable or not from assets remaining the property of the  318settlor or disponer, shall be deemed to be income of the  319settlor or disponer, and all income arising to any person by virtue of a revocable transfer of assets shall be deemed to be income of the transferor and shall be included in the total income of such person  320. * * * (6) For the purpose of sub-section (5),- (a) 	a settlement, disposition or transfer shall be deemed to be revocable if it contains any provision for the retransfer directly or indirectly of the income or assets to the  321settlor, disponer or transferor, or in any way gives the  322settlor, disponer or transferor a right to resume power directly over the income or assets; (b) 	the expression “settlement or disposition” shall include any disposition, trust, covenant, agreement or arrangement, and the expression  323settlor or disponer, in relation to a settlement or disposition, shall include any person by whom the settlement or disposition was made.
name: Exemption
details: 44. (1) Notwithstanding anything contained in this Ordinance, any income or class of income or the income of any person or class of persons specified in Part A of the Sixth Schedule shall be exempt from the tax payable under this Ordinance, subject to the limits, conditions and qualifications laid down therein and shall be excluded from the computation of total income under this Ordinance.  324(2) Subject to the provisions of this Ordinance and the limits, conditions and qualifications laid down in Part B of the Sixth Schedule,-  (a) tax shall not be payable by an assessee in respect of any income or any sum specified in paragraphs 15 and 16 of the said Part B; and  325326(b) an assessee, being a resident or a non-resident Bangladeshi, shall be entitled to a credit from the amount of tax payable on his total income at the rate of 15% (fifteen percent) of the eligible amount:Provided that an assessee who fails to submit return of income as required under section 75 shall be entitled to a credit from the amount of tax payable on his total income at the rate of 7.5% (seven point five percent) of the eligible amount (c) the “eligible amount” mentioned in clause (b) shall be the lesser of- (i) the sums specified in all paragraphs excluding paragraphs 15 and 16 of Part B of the Sixth Schedule; or (ii) 32720% of the total income excluding any income for which a tax exemption or a reduced rate is applicable under sub-section (4) of section 44 or any income from any source or sources mentioned in clause (a) of sub-section (2) of section 82C; or (iii) one crore 328*** taka.”;. 329***  Provided that the amount admissible under clause (a) shall not, under any circumstances, exceed 330thirty per cent of the total income of the assessee.  (4) The Government may, by notification in the official Gazette,-  (a) make such amendments by way of addition, omission, alteration or qualification in the Sixth Schedule as it may deem fit; and  (b) make any exemption, reduction in rate or other modifications in respect of tax in favour of any class of income or in regard to the whole or any part of the income of any class of persons 331.*** 332(5) Notwithstanding anything contained in clause (b) of sub-section (4) or any other section in Chapter VI- 333(a) the income of a person for the relevant income year shall not be-(i) exempted from tax; or(ii) subject to reduced rate of tax;in an assessment year if the person fails to-(i) submit the return of income as required under section 75; or(ii) comply with any provision of Chapter VII of this Ordinance; or(iii) receive all the receipts from the sources, income from which is subject to tax exemption or reduced rate of tax, through bank transfer:Provided that the provision of receiving the receipts through bank transfer shall not be applicable for an assessee being individual having gross receipts not exceeding Taka one crore in an income year:Provided further that the provision of receiving the receipts through bank transfer shall not be applicable for income derived from agriculture or farming. (b) any disallowance of expenditure under section 30, in calculating the income of a source or of a person that is exempted from tax or is subject to a reduced rate of tax, shall be treated as income for that source or of that person, as the case may be, and tax shall be payable on such income at the regular rate.
name: Exemption of income of an industrial undertaking
details: 45. (1) Subject to the provisions of this Ordinance, the income, profits and gains of an industrial undertaking set up in Bangladesh between the first day of July, 1974, and the thirtieth day of June, 1985 (both days inclusive), shall be exempt from tax payable under this Ordinance for the period specified below- (a) 	if the undertaking is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Special Economic Zone”, for a period of twelve years beginning with the month of commencement of commercial production of the undertaking; (b) 	if the undertaking is set up in such areas as the Board may, by notification in the official Gazette, specify in this behalf, for a period of nine years beginning with the month of commencement of commercial production of the undertaking; and (c) 	in other areas, for a period of five years beginning with the month of such commencement. Explanation.- For the purposes of this section, “industrial undertaking” includes expansion of an existing undertaking if such expansion constitute- (a) 	an identifiable unit for production of similar or other goods or class of goods; or (b) 	a similar unit carrying on an identifiable industrial process, but does not include an undertaking which is formed by splitting up or reconstruction of an existing business or by the transfer of machinery or plant of an existing business in Bangladesh to a new business. (2) The exemption under sub-section (1) shall apply to an industrial under-taking (hereinafter referred to as the “said undertaking”) which fulfils the following conditions, namely:- (a) 	that the said undertaking is owned and managed by- (i) 	a body corporate established by, or in pursuance of, an Act of Parliament with its head office in Bangladesh; or (ii) 	a company registered under the Companies Act, 1913 (VII of 1913), with its registered office in Bangladesh and having a subscribed and paid up capital of not less than one lakh taka on the date of commencement of commercial production; (b) 	that the said undertaking belongs to such class of industry as the Board may, by notification in the official Gazette, specify for the purposes of this section; (c) 	that a part of the income exempted under this section is reinvested in the said undertaking or is invested in the purchase of bond issued by the Government and such reinvestment or investment is not- (i) 	less than fifteen per cent of such income, if it is an undertaking set up in the areas referred to in sub-section (1) (a) and (b); and (ii) 	less than thirty per cent in other areas; (d) 	that the said undertaking is approved and, during the relevant income year, stands approved by the Board for the purposes of this section; (e) 	that the application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within one hundred and twenty days from the date of commencement of commercial production: Provided that the Board may admit an application after the expiry of the said period of one hundred and twenty days if it is satisfied that there was sufficient cause for not making the application within the said period. 334(2A) Subject to the provisions of this Ordinance, the income, profits and gains of an industrial undertaking set up in Bangladesh between the first day of July, 1985, and the thirtieth day of June,  3351995 (both days inclusive), shall be exempt from the tax payable under this Ordinance for the period specified below- (a) 	if the undertaking is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Special Economic Zone”, for a period of twelve years beginning with the month of commencement of commercial production of the undertaking; (b) 	if the undertaking is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Least Developed Areas”, for a period of nine years beginning with the month of commencement of commercial production of the undertaking; (c) 	if the undertaking is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Less Developed Areas”, for a period of  336seven years beginning with the month of commencement of commercial production of the undertaking; and (d) 	if the undertaking is set up in the city of Dhaka, Chittagong or Khulna or the municipality of Narayanganj, or within ten miles from  the  outer  limits thereof, for a period of  337five years beginning with the month of commencement of commercial production of the undertaking. (2B) The exemption under sub-section (2A) shall apply to an industrial undertaking (hereinafter referred to as the “said undertaking”) which fulfils the following conditions, namely:- (a) 	that the said undertaking is owned and managed by- (i) 	a body corporate established by, or in pursuance of, an Act of Parliament with its head office in Bangladesh; or (ii) 	a company registered under  338the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) with its registered office in Bangladesh and having a subscribed and paid up capital of not less than one lakh taka on the date of commencement of commercial production; (b) 	that the said undertaking belongs to such class of industry as the Board may, by notification in the official Gazette, specify for the purpose of this sub-section; 339  340* * * (cc) that a part of the income exempted under sub-section (2A) is invested,  341during the period, or within one year from the end of the period, to which the exemption under that sub-section relates, in the said undertaking or in any new industrial undertaking or in any productive assets being stocks and shares of a public company or bonds or securities issued by the Government and  such investment is not less than  342thirty per cent of such income, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed  343: Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section; (d) 	that the said undertaking is approved and, during the relevant income year, stands approved by the Board for the purposes of this section; (e) 	that the application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within  344one hundred and eighty days from the date of commencement of commercial production: Provided that the Board may admit an application after the expiry of the said period of  345one hundred and eighty days if it is satisfied that there was sufficient cause for not making the application within the said period. 346(2C) The Board shall give its decision on an application made under clause (e) of sub-section (2B) within  347three months from the date of receipt of the application by the Board, failing which the undertaking shall be deemed to have been approved by the Board for the purposes of this section. (3) The income, profits and gains of the said undertaking to which this section applies, shall be computed in accordance with the provisions of sections 28 and 29: 348Provided that in respect of depreciation, only the allowances for normal depreciation specified in paragraph 3 of the Third Schedule shall be allowed. (4) The profits and gains of the said undertaking shall be computed separately from other income, profits and gains of the assessee, if any, and where the assessee sustains a loss from such undertaking, it shall be carried forward and set off against the profits and gains of the said undertaking for the following year, and where it cannot be wholly set off, the amount of the loss not so set off, shall be carried forward for the next year and so on, but no loss shall be carried beyond the period of exemption allowed under this section. (5) Nothing contained in this section shall be so construed as to exempt the following:- (a) 	any dividend paid, credited or distributed or deemed to have been paid, credited or distributed by a company to its share-holders out of the profits and gains exempt from tax under this section; and (b) 	any income of the said undertaking classifiable as “Capital gains” chargeable under the provisions of section 31. (6) Where any exemption has been allowed under this section and it is subsequently discovered by the Deputy Commissioner of Taxes that any one or more of the conditions specified in this section were not fulfilled, the exemption originally allowed shall be deemed to have been wrongly allowed, and the Deputy Commissioner of Taxes may, notwithstanding anything contained in this Ordinance, re-compute the total income of, and the tax payable by, the assessee for the relevant income year and the provisions of Section 93 or 94 shall, so far as may be, apply thereto, the period of two years specified in section 94 being reckoned from the end of the assessment year relevant to the income year in which the infringement was discovered. (7) An industrial undertaking approved under this section may, not later than six months from the date of approval, apply in writing to the Board for the cancellation of such approval, and the Board may pass such orders thereon as it may deem fit. 349(8) Notwithstanding anything contained in this section, the Board may, in the public interest, cancel or suspend fully or partially any exemption allowed under this section.
name: Exemption of income of a tourist industry
details: 46. (1) Subject to the provisions of this Ordinance, the income, profits and gains of a tourist industry set up in Bangladesh between the first day of January, 1976, and the thirtieth day of June, 1985 (both days inclusive), shall be exempt from the tax payable under this Ordinance, for the period specified below- (a) 	if the industry is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Special Economic Zone”, for a period of twelve years beginning with the commencement of its commercial service; (b) 	if the industry is set up in the cities of Dhaka, Chittagong, Khulna and Rajshahi and the areas within fifteen miles from the outer municipal limits of those cities, for a period of five years beginning with the month of commencement of its commercial service; and (c) 	in other areas, for a period of seven years beginning with the month of such commencement. Explanation.- For the purposes of this section, the expression “tourist industry” means a business, industry or undertaking which caters for the tourists including setting up, establishment or running of hotels, motels,  350hunting lodges, amusement and theme park, holiday home, tourist resort, family fun and games, energy park and private picnic spots of such standard as may be prescribed by the Board. (2) The exemption under sub-section (1) shall apply to a tourist industry (hereinafter referred to as the “said industry”), which fulfils the following conditions, namely:- (a) 	that the said industry is owned and managed by a Bangladeshi company having a subscribed and paid up capital of not less than one lakh taka on the date of commencement of its commercial service; (b) 	that the said industry shall have such service facilities as the Board may, by notification in the official Gazette, specify in this behalf; (c) 	that a part of the income, profits and gains derived from the said industry exempted under sub-section (1) is reinvested in it or is invested in the purchase of bond issued by the Government, and such reinvestment or investment is not- (i) 	less than thirty per cent, if it is an industry set up in the areas referred to in sub-section (1) (b); and (ii) 	less than fifteen per cent, in other areas; (d) 	that an application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within one hundred and twenty days of the date of commencement of commercial service; (e) 	that the said industry is approved and, during the relevant income year, stands approved by the Board for the purposes of this section. 351(2A) Subject to the provisions of this Ordinance, the income, profits and gains of a tourist industry set up in Bangladesh between the first day of July, 1985, and the thirtieth day  of  June,  3522000 (both  days  inclusive),  shall  be  exempt from the tax payable under this Ordinance, for the period specified below- (a) 	if the industry is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Special Economic Zone”, for a period of twelve years beginning with the month of commencement of its commercial service; (b) 	if the industry is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Least Developed Areas”, for a period of nine years beginning with the month of commencement of its commercial service; (c) 	in the industry is set up in such areas as the Board may, by notification in the official Gazette, specify to be “Less Developed Areas”, for a period of  353seven years beginning with the month or commencement of its commercial service; and (d) 	if the industry is set up in the city of Dhaka, Chittagong or Khulna or the municipality of Rajshahi, or within fifteen miles from the outer limits thereof, for a period of  354five years beginning with the month of commencement of its commercial service. (2B) The exemption under sub-section (2A) shall apply to a tourist industry (hereinafter referred to as the “said industry”), which fulfils the following conditions, namely:- (a) 	that the said industry is owned and managed by a Bangladeshi company having a subscribed and paid up capital of not less than one lakh taka on the date of commencement of its commercial service; (b) 	that the said industry shall have such service facilities as the Board may, by notification in the official Gazette, specify in this behalf; 355  356* * * (cc) that a part of the income exempted under sub-section (2A) is invested,  357during the period, or within one year from the end of the period, to which the exemption under that sub-section relates, in the said undertaking or in any new industrial undertaking or in any productive assets being stocks and shares of a public company or bonds or securities issued by the Government and such investment is not less than  358twenty five per cent of such income, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed  359: Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section; (d) 	that an application in the prescribed form for approval for the purposes of this section as verified in the prescribed manner, is made to the Board within  360one hundred and eighty days of the date of commencement of commercial service; (e) 	that the said industry is approved and, during the relevant income year, stands approved by the Board for the purposes of this section. 361(2C) The Board shall give its decision on an application made under clause (d) of sub-section (2B) within  362three months from the date of receipt of the application by the Board, failing which the industry shall be deemed to have been approved by the Board for the purposes of this section. (3) The profits and gains of the said industry to which this section applies shall be computed in accordance with the provisions of sections 28 and 29: Provided that in respect of depreciation, only the allowance for normal depreciation specified in paragraph 3 of the Third Schedule shall be allowed. (4) The profits and gains of the said industry shall be computed separately from other income, profits and gains of the assessee, if any, and where the assessee sustains a loss from such industry, it shall be carried forward and set off against the profits and gains of the said industry for the following year and where it cannot be wholly set off, the amount of the loss not so set off, shall be carried forward for the next year and so on, but no loss shall be carried forward beyond the period of exemption allowed under this section. (5) Nothing contained in this section shall be so construed as to exempt the following:- (a) 	any dividend paid, credited or distributed or deemed to have been paid, credited or distributed by a company to its shareholders out of the profits and gains exempt from tax under this section; and (b) 	any income of the said industry classifiable as “Capital gains” chargeable under the provisions of section 31. (6) Where any exemption has been allowed under this section and it is subsequently discovered by the Deputy Commissioner of Taxes  that  any  one  or  more  of  the conditions specified in this section were not fulfilled, the exemption originally allowed shall be deemed to have been wrongly allowed and the Deputy Commissioner of Taxes may, notwithstanding anything contained in this Ordinance, re-compute the total income of, and the tax payable by, the assessee for the relevant income year, and the provisions of section 93 or 94 shall, so far as may be, apply thereto, the period of two years specified in section 94 being reckoned from the end of the assessment year relevant to the income year in which the infringement was discovered. (7) A tourist industry approved under this section may, not later than six months from the date of approval, apply in writing to the Board for the cancellation of such approval, and the Board may pass such orders thereon as it may deem fit. 363(8) Notwithstanding anything contained in this section, the Board may, in the public interest, cancel or suspend fully or partially the exemption allowed under this section.
name: Exemption from tax of newly established industrial undertakings, etc. in certain cases
details: 36446A. (1) Subject to the provisions of this Ordinance, 365profits and gains under section 28 from an industrial undertaking, tourist industry or physical infrastructure facility (hereinafter referred to as the said undertaking) set-up in Bangladesh between the first day of July, 1995and the thirtieth day of 366June, 2008 (both days inclusive) shall be exempt from the tax payable under this Ordinance for the period specified below-  (a) if the said undertaking is set-up in 367Dhaka and Chittagong divisions, excluding the hill districts of Rangamati, Bandarban and Khagrachari, for a period of 368four years beginning with the month of commencement of commercial production or operation of the said undertaking;  (b) if the said undertaking is set-up in 369Rajshahi, Khulna, Sylhet and Barisal divisions and the hill districts of Rangamati, Bandarban and Khagrachari, for a period of 370six years beginning with the month of commencement of commercial production or operation of the said undertaking.  371* * *  372(1A) industrial undertaking, tourist industry, or physical infrastructure facility does not include expansion of an existing undertaking for the purpose of this section,-  (i) “industrial undertaking” means an industry engaged in the production of textile, textile machinery, high value garments, pharmaceuticals, melamine, plastic products, ceramics, sanitary ware, steel from iron ore, fertilizer, insecticide & pesticide, computer hardware, petro-chemicals, basic raw materials of drugs, chemicals, pharmaceuticals, agricultural machine, ship building, boilers, compressors and any other category of industrial undertaking as the Government may by notification in the official Gazette specify.  Explanation.- 'high value garments' mean overcoats, jackets and suits.  (ii) “physical infrastructure facility” means sea or river port, container terminals, internal container depot, container freight station, LNG terminal and transmission line, CNG terminal and transmission line, gas pipe line, flyover, large water treatment plant & supply through pipe line, waste treatment plant, 373solar energy plant, export processing zone and any other category of physical infrastructure facility as the Government may by notification in the official Gazette specify;  (iii) “tourist industry” means residential hotel having facility of three star or more and any other category of tourist industry facility as the Government may by notification in the official Gazette specify.  (2) The exemption under sub-section (1) shall apply to the said undertaking if it fulfils the following conditions, namely:-  (a) that the said undertaking is owned and managed by-  (i) a body corporate established by or under an Act of Parliament with its head office in Bangladesh; or  (ii) a company as defined in the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) with its registered office in Bangladesh and having a subscribed and paid up capital of not less than one lakh taka on the date of commencement of commercial production or operation;  374* * *  375(c) that thirty per cent of the income exempted under sub-section (1) is invested in the said undertaking or in any new industrial undertakings during the period of exemption or within one year from the end of the period to which the exemption under that sub-section relates and in addition to that another ten per cent of the income exempted under sub-section (1) is invested in each year before the expiry of three months from the end of the income year in the purchase of shares of a company listed with any stock exchange, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed: Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section 376: Provided further that, the provision for purchase of shares of a company listed with any stock exchange referred to in this clause shall not be applicable to ready made garments industry, if it re-invested forty percent of the income exempted under sub-section (1) in the said undertaking or in any new industrial undertaking during the period of exemption or within one year from the end of the period to which the exemption under that sub-section relates. (d) that the said undertaking is not formed by splitting up or by reconstruction or reconstitution of business already in existence or by transfer to a new business of any machinery or plant used in business which was being carried on in Bangladesh at any time before the commencement of the new business;  (e) that the said undertaking is approved, and during the relevant income year, stands approved by the Board for the purposes of this section;  (f) that the application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board 377within six months from the end of the month of commencement of commercial production or operation.  378(2A) Notwithstanding anything contained in this section-  (a) where a said undertaking enjoying exemption of tax under this section is engaged in any commercial transaction with another undertaking or company having one or more common sponsor directors, and  (b) during the course of making an assessment of the said undertaking if the Deputy Commissioner of Taxes is satisfied that the said undertaking has purchased or sold goods at higher or lower price in comparison to the market price with intent to reduce the income of another undertaking or company,  the exemption of tax of that said undertaking shall be deemed to have been withdrawn for that assessment year in which such transaction is made.  (3) The Board shall give its decision on an application made under clause (f) of sub-section (2) within 379forty-five days from the date of receipt of the application by the Board, failing which the undertaking shall be deemed to have been approved by the Board for the purposes of this section 380: Provided that the Board shall not reject any application made under this section unless the applicant is given a reasonable opportunity of being heard.  (4) The Board may, on an application of any person aggrieved by any decision or order passed under sub-section (3), if the application is made within four months of the receipt of such decision or order, review the previous decision or order and pass such order in relation thereto as it thinks fit.  (5) The profits and gains of the undertaking to which this section applies shall be computed in the same manner as is applicable to income chargeable under the head “Income from business or profession”:  381Provided that in respect of depreciation, only the allowances for normal depreciation specified in paragraph 3 of the Third Schedule shall be allowed.  (6) The profits and gains of the said undertaking shall be computed separately from other income, profits and gains of the assessee, if any, and where the assessee sustains a loss from such undertaking it shall be carried forward and set off against the profits and gains of the said undertaking for the following year and where it cannot be wholly set off, the amount of the loss not so set off, shall be carried forward for the next year and so on, but no loss shall be carried forward beyond the period specified by the Board in the order issued under sub-section (3) or (4).  (7) Unless otherwise specified by the Government, nothing contained in this section shall be so construed as to exempt the following from tax chargeable under this section:-  (a) any dividend paid, credited or distributed or deemed to have been paid, credited or distributed by a company to its share-holders out of the profits and gains; and  (b) any income of the said undertaking classifiable as “Capital gains” chargeable under the provisions of section 31 382; and  (c) any income of the said undertaking resulting from disallowance made under section 30 383.  * * *  (8) Where any exemption is allowed under this section and in the course of making assessment, the Deputy Commissioner of Taxes is satisfied that any one or more of the conditions specified in this section are not fulfilled, the exemption will stand withdrawn for the relevant assessment year and the Deputy Commissioner of Taxes shall determine the tax payable for such year.  (9) Any such undertaking approved under this section may, not latter than one year from the date of approval, apply in writing to the Board for the cancellation of such approval, and the Board may pass such orders thereon as it may deem fit.  (10) Notwithstanding anything contained in this section, the Board may, in the public interest, cancel or suspend fully or partially any exemption allowed under this section.  (11) The Board may make rules regulating the procedure for the grant of approval under sub-section (3), review under sub-section (4) and furnishing of information regarding payment of other taxes by the said undertaking and any other matters connected with or incidental to operation of this section.
name: Exemption from tax of newly established industrial undertakings set up between the period of July, 2011 and June, 2019,etc, in certain cases.
details: 38646B.(1) Subject to the provisions of this Ordinance, income, profits and gains under section 28 from an industrial undertaking (hereinafter referred to as the said undertaking) set-up in Bangladesh between the first day of July, 2011 and 387the thirtieth day of June, 3882019 (both days inclusive) shall be exempted from the tax payable under this Ordinance for the period, and at the rate, specified below: if the said undertaking is set-up in- 389(i) 390Dhaka, Mymensingh and Chittagong divisions, excluding Dhaka, Narayanganj, Gazipur, Chittagong, Rangamati, Bandarban and Khagrachari districts, for a period of five years beginning with the month of commencement of commercial production of the said undertaking: Period of Exemption Rate of Exemption For the first and second year 100% of income For the third year) 60% of income For the fourth year 40% of income For the fifth year 20% of income 391(ii) Rajshahi, Khulna, Sylhet, Barisal and  Rangpur divisions (excluding City Corporation area) and Rangamati, Bandarban and Khagrachari districts,  for a period of ten years beginning with the month of commencement of commercial production of the said undertaking: Period of Exemption Rate of Exemption For the first and second year 100% of income For the third year 70% of income For the fourth year 55% of income For the fifth year 40% of income For the sixth year 25% of income For the seven year 20% of income Provided that any industry engaged in the production of item as referred to in clause (e) or clause (I) of sub section (2) shall be entitled to exemption from tax under the provision of this section even if it is set up in the districts of Dhaka, Gazipur, Narayanganj or Chittagonj." (2)  For the purpose  of this section,- "industrial undertaking" means an industry engaged in the production of- (a)	 active pharmaceuticals ingredient industry and radio pharmaceuticals industry; 392(aa) automobile manufacturing industry; (b) 	barrier contraceptive and rubber latex; (c) 	basic chemicals or dyes and chemicals; (d) 	basic ingredients of electronic industry (e.g. resistance, capacitor, transistor, integrator circuit); 393(dd) bi-cycle manufacturing industry; (e) 	bio-fertilizer; (f)	 biotechnology; (g)	 boilers; 394(gg) brick made of automatic Hybrid Hoffmann Kiln 395or Tunnel Kiln technology; (h) 	compressors; (i) 	computer hardware; (j) 	energy efficient appliances; (k)	 insecticide or pesticide; (l)	 petro-chemicals; (m)	 pharmaceuticals; (n) 	processing of locally produced fruits and vegetables; (o) 	radio-active (diffusion) application industry (e.g. developing quality or decaying polymer or preservation of food or disinfecting medicinal equipment); (p) 	textile machinery; (q) 	tissue grafting; 396*** (qq)  tyre manufacturing industry; or (r) 	any other category of industrial undertaking as the Government may, by notification in the official Gazette, specify. (3)	 Notwithstanding anything contained in sub-section (2), for the purpose of this section industrial undertaking shall not include expansion of such an existing undertaking. (4) 	The exemption under sub-section (1) shall apply to the said undertaking if it fulfils the following conditions, namely:- (a) 	that the said undertaking is owned and managed by- (i) a body corporate established by or under any law for the time being in force with its head office in Bangladesh; or (ii) a company as defined in কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন)with its registered office in Bangladesh and having a subscribed and paid up capital of not less than two million taka on the date of commencement of commercial production; (b)	 that thirty percent of the exempted income under subsection (1) is invested in the said undertaking or in any new industrial undertaking during the period of exemption or within one year from the end of the period to which the exemption under that sub-section relates and in addition to that, another ten percent of the exempted income under sub-section (1) is invested in each year before the expiry of three months from the end of the income year in the purchase of shares of a company listed with any stock exchange, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed:  Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section; (c)	 that the said undertaking is not formed by splitting up or by reconstruction or reconstitution of business already in existence or by transfer to a new business of any machinery or plant used in business which was being carried on in Bangladesh at any time before the commencement of the new business; (d)	 that the said undertaking is approved, and during the relevant income year, stands approved by the Board for the purposes of this section;  (e)	 that application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within six months from the end of the month of commencement of commercial production; (f)	 that the said undertaking obtained a clearance certificate for the relevant income year from the Directorate of Environment; (g)	 that the said undertaking maintains books of accounts on a regular basis and submits return of its income as per provisions laid down in section 75 of this Ordinance.  (5) Notwithstanding anything contained in this section, where an  undertaking enjoying exemption of tax under  this section is engaged in any commercial transaction with another undertaking  or company having one or more common sponsor directors, and during the course  of making an assessment of the said undertaking if the Deputy Commissioner of  Taxes is satisfied that the said undertaking has purchased or sold goods at  higher or lower price in comparison to the market price with intent to reduce  the income of another undertaking or company, the exemption of tax of that  undertaking shall be deemed to have been  withdrawn for that assessment year in which such transaction is made. (6)  The Board shall give its  decision on an application made under clause (e) of sub-section (4) within  forty five days from the date of receipt of the application by the Board,  failing which the undertaking shall be deemed to have been approved by the  Board for the purposes of this section: Provided that the Board shall not reject any application made  under this section unless the applicant is given a reasonable opportunity of  being heard. (7) The Board may, on an application of any person aggrieved by any  decision or order passed under sub-section (6), if the application is made  within four months of the receipt of such decision or order, review the previous  decision, order or orders and pass such order in relation thereto as it thinks  fit. (8) The income, profits and gains of the undertaking to which this  section applies shall be computed in the same manner as is applicable to income  chargeable under the head ''Income from business or profession'': Provided that in respect of depreciation, only the allowances  for normal depreciation specified in paragraph 3 of the Third Schedule shall be  allowed. (9)  The income, profits and gains  of the undertaking to which this section applies shall be computed separately  from other income, profits and gains of the assessee, if any, and where the  assessee sustains a loss from such undertaking it shall be carried forward and  set off against the profits and gains of the said undertaking for the next year  and where it cannot be wholly set off, the amount of the loss not  so set  off, shall be carried forward for the following year and so on, but no loss  shall be carried forward beyond the period specified by the Board in the order  issued under sub-section (6) or (7). (10) Unless otherwise specified by the Government, nothing contained in  this section shall be so construed as to exempt the following from tax  chargeable under this section:- (a) any dividend  paid, credited or distributed or deemed to have been paid, credited or  distributed by a company to its share-holders out  of the profits and gains; (b) any income of  the said undertaking classifiable as ''Capital gains'' chargeable under the  provisions of section 31; (c) any income of  the said undertaking resulting from disallowance made under section 30. (11) Where any exemption is allowed under this section and in the course  of making assessment, the Deputy Commissioner of Taxes is satisfied that any  one or more of the conditions specified in this section are not fulfilled 397or any individual not being a Bangladeshi citizen is employed or allowed to work without prior approval of the Board of Investment or any competent authority of the Government, as the case may be, for this purpose, the  exemption shall stand withdrawn for the relevant assessment year and the Deputy  Commissioner of Taxes shall determine the tax payable for such year. (12) Any such undertaking approved under this section may, not later than  one year from the date of approval, apply in writing to the Board for the  cancellation of such approval, and the Board may pass such order or orders  thereon as it may deem fit. (13) Notwithstanding anything contained in this section, the Board may,  in the public interest, cancel or suspend fully or partially any exemption  allowed under this section. (14) The Board may make rules regulating  the procedure for the grant of approval under sub-section (6), review under sub-section  (7), furnish information regarding payment of other taxes by the said  undertaking, and take such other measures connected therewith or incidental to  the operation of this section as it may deem fit.
name: Exemption from tax of newly established industrial undertakings set up between the period of July, 2019 and June, 2024, etc. in certain cases.
details: 39846BB.  (1) Subject to the provisions of this Ordinance, income, profits and gains under section 28 from an industrial undertaking (hereinafter referred to as the said undertaking) set-up in Bangladesh between the first day of July, 2019 and the thirtieth day of June, 2024 (both days inclusive) shall be exempted from the tax payable under this Ordinance for the period, and at the rate, specified below: (i) if the said undertaking is set-up in Dhaka, Mymensingh and Chattogram divisions, excluding Dhaka, Narayanganj, Gazipur, Chattogram, Rangamati, Bandarban and Khagrachari districts, for a period of five years beginning with the month of commencement of commercial production of the said undertaking: Period of Exemption Rate of Exemption For the first year 90% of income For the second year 80% of income For the third year 60% of income For the fourth year 40% of income For the fifth year 20% of income ; (ii) if the said undertaking is set-up in Rajshahi, Khulna, Sylhet, Barishal and Rangpur divisions (excluding City Corporation area) and Rangamati, Bandarban and Khagrachari districts, for a period of ten years beginning with the month of commencement of commercial production of the said undertaking: Period of Exemption Rate of Exemption For the first and second year 90% of income For the third year 80% of income For the fourth year 70% of income For the fifth year 60% of income For the sixth year 50% of income For the seventh year 40% of income For the eighth year 30% of income For the ninth year 20% of income For the tenth year 10% of income: Provided that any industry engaged in the production of item as referred to in clause (viii) or clause (xii) of sub section (2) shall be entitled to exemption from tax under the provision of this section even if it is set up in the districts of Dhaka, Gazipur, Narayanganj or Chattogram. (2) For the purpose of this section, "industrial undertaking" means¾ (a) an industry engaged in, or in the production of,¾ (i) active pharmaceuticals ingredient and radio pharmaceuticals; (ii) agriculture machineries; (iii) automatic bricks; (iv) automobile; (v) barrier contraceptive and rubber latex; (vi) basic components of electronics (e.g. resistor, capacitor, transistor, integrated circuit, multilayer PCB etc.); (vii) bi-cycle including parts thereof; (viii) bio-fertilizer; (ix) biotechnology based agro products; (x) boiler including parts and equipment thereof; (xi) compressor including parts thereof; (xii) computer hardware; (xiii) furniture; (xiv) home appliances (blender, rice cooker, microwave oven, electric oven, washing machine, induction cooker, water filter etc.); (xv) insecticides or pesticides; (xvi) leather and leather goods; (xvii) LED TV; (xviii) locally produced fruits and vegetables processing; (xix) mobile phone; (xx) petro-chemicals; (xxi) pharmaceuticals; (xxii) plastic recycling; (xxiii) textile machinery; (xxiv) tissue grafting; (xxv) toy manufacturing; (xxvi) tyre manufacturing; 399(xxvii) Electrical transformer; (xxviii) Artificial fiber or manmade fiber manufacturing; (xxix) Automobile parts and components manufacturing; (xxx) Automation and Robotics design, manufacturing including parts and components thereof; (xxxi) Artificial Intelligence based system design and/or manufacturing; (xxxii) Nanotechnology based products manufacturing; (xxxiii) Aircraft heavy maintenance services including parts manufacturing; (b) any other category of industrial undertaking as the Government may, by notification in the official Gazette, specify. (3) Notwithstanding anything contained in sub-section (2), for the purpose of this section industrial undertaking shall not include expansion of such an existing undertaking. (4) The exemption under sub-section (1) shall apply to the said undertaking if it fulfils the following conditions, namely:¾ (a) that the said undertaking is owned and managed by¾ (i) a body corporate established by or under any law for the time being in force with its head office in Bangladesh; or  (ii)  a company as defined in কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের  ১৮ নং আইন) with its registered office in Bangladesh and having a subscribed and paid up capital of not less than two million taka on the date of commencement of commercial production;  (b) that thirty percent of the exempted income under sub-section (1) is invested in the said undertaking or in any new industrial undertaking during the period of exemption or within one year from the end of the period to which the exemption under that sub-section relates and in addition to that, another ten percent of the exempted income under sub-section (1) is invested in each year before the expiry of three months from the end of the income year in the purchase of shares of a company listed with any stock exchange, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed: Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section; (c) that the said undertaking is not formed by splitting up or by reconstruction or reconstitution of business already in existence or by transfer to a new business of any machinery or plant used in business which was being carried on in Bangladesh at any time before the commencement of the new business; (d) that the said undertaking is approved, and during the relevant income year, stands approved by the Board for the purposes of this section; (e) that application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within six months from the end of the month of commencement of commercial production; (f) that the said undertaking obtained a clearance certificate for the relevant income year from the Directorate of Environment; (g) that the said undertaking maintains books of accounts on a regular basis and submits return of its income as per provisions laid down in section 75 of this Ordinance. (5) Notwithstanding anything contained in this section, where an undertaking enjoying exemption of tax under this section is engaged in any commercial transaction with another undertaking or company having one or more common sponsor directors, and during the course of making an assessment of the said undertaking if the Deputy Commissioner of Taxes is satisfied that the said undertaking has purchased or sold goods at higher or lower price in comparison to the market price with intent to reduce the income of another undertaking or company, the exemption of tax of that undertaking shall be deemed to have been withdrawn for that assessment year in which such transaction is made. (6) The Board shall give its decision on an application made under clause (e) of sub-section (4) within forty five days from the date of receipt of the application by the Board, failing which the undertaking shall be deemed to have been approved by the Board for the purposes of this section: Provided that the Board shall not reject any application made under this section unless the applicant is given a reasonable opportunity of being heard. (7) The Board may, on an application of any person aggrieved by any decision or order passed under sub-section (6), if the application is made within four months of the receipt of such decision or order, review the previous decision, order or orders and pass such order in relation thereto as it thinks fit. (8) The income, profits and gains of the undertaking to which this section applies shall be computed in the same manner as is applicable to income chargeable under the head ''Income from business or profession'' : Provided that in respect of depreciation, only the allowances for normal depreciation specified in paragraph 3 of the Third Schedule shall be allowed.  (9) The income, profits and gains of the undertaking to which this section applies shall be computed separately from other income, profits and gains of the assessee, if any, and where the assessee sustains a loss from such undertaking it shall be carried forward and set off against the profits and gains of the said undertaking for the next year and where it cannot be wholly set off, the amount of the loss not so set off, shall be carried forward for the following year and so on, but no loss shall be carried forward beyond the period specified by the Board in the order issued under sub-section (6) or (7). (10) Unless otherwise specified by the Government, nothing contained in this section shall be so construed as to exempt the following from tax chargeable under this section, namely- (a) any dividend paid, credited or distributed or deemed to have been paid, credited or distributed by a company to its share-holders out of the profits and gains; (b) any income of the said undertaking classifiable as ''Capital gains'' chargeable under the provisions of section 31; (c) any income of the said undertaking resulting from disallowance made under section 30. (11) Where any exemption is allowed under this section and in the course of making assessment, the Deputy Commissioner of Taxes is satisfied that any one or more of the conditions specified in this section are not fulfilled or any individual not being a Bangladeshi citizen is employed or allowed to work without prior approval of any competent authority of the Government for this purpose, the exemption shall stand withdrawn for the relevant assessment year and the Deputy Commissioner of Taxes shall determine the tax payable for such year.  (12) Any such undertaking approved under this section may, not later than one year from the date of approval, apply in writing to the Board for the cancellation of such approval, and the Board may pass such order or orders thereon as it may deem fit.  (13) Notwithstanding anything contained in this section, the Board may, in the public interest, cancel or suspend fully or partially any exemption allowed under this section.  (14) The Board may make rules regulating the procedure for the grant of approval under sub-section (6), review under sub-section (7), furnish information regarding payment of other taxes by the said undertaking, and take such other measures connected therewith or incidental to the operation of this section as it may deem fit. Explanation.- For the purpose of this section set-up means completion of establishment of the industry referred to in this section.
name: Exemption from tax of newly established physical infrastructure facility set up between the period of July, 2011 andJune,2019, etc, in certain cases.
details: 40246C.403(1) Subject to the provisions of this Ordinance, income, profits and gains under section 28 from physical infrastructure facility, hereinafter referred to as the said facility, set up in Bangladesh between the first day of July, 2011 and the thirtieth day of June, 4042019 (both days inclusive) shall be exempted from the tax payable under this Ordinance for ten years beginning with the month of commencement of commercial operation, and at the rate, specified below: Period of Exemption Rate of Exemption For the first first and second year) 100% of income For the third year) 80% of income For the fourth year) 70% of income For the fifth year) 60% of income For the sixth year) 50% of income For the seventh year) 40% of income For the eight year) 30% of income For the ninth year) 20% of income For the tenth year) 10% of income 2) For the purpose of this section, "physical infrastructure facility" means,- (a) deep sea port; (b) elevated expressway; (c) export processing zone; (d) flyover; (e) gas pipe line, (f) Hi-tech park; (g) Information and Communication Technology (ICT) village or software technology zone; (h) Information Technology (IT) park; (i) large water treatment plant and supply through pipe line; (j) Liquefied Natural Gas (LNG) terminal and transmission line; (k) mono-rail; (l) rapid transit; (m) renewable energy (e.g energy saving bulb, solar energy plant, windmill); (n) sea or river port; (o) 405toll road or bridge; (p) underground rail; (q) waste treatment plant; or (r) any other category of physical infrastructure facility as the Government may, by notification in the official Gazette, specify. (3) The exemption under sub-section (1) shall apply to the said facility if it fulfils the following conditions, namely:- (a) that the said facility is owned and managed by- (i) a body corporate established by or under any law for the time being in force with its head office in Bangladesh; or (ii) a company as defined in কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) with its registered office in Bangladesh and having a subscribed and paid up capital of not less than two million taka on the date of commencement of commercial operation; (b) that thirty percent of the exempted income under subsection (1) is invested in the said facility or in any new physical infrastructure facility during the period of exemption or within one year from the end of the period to which the exemption under that sub-section relates and in addition to that, another ten percent of the exempted income under sub-section (1) is invested in each year before the expiry of three months from the end of the income year in the purchase of shares of a company listed with any stock exchange, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed: Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section:  (c) that the said facility is approved, and during the relevant income year, stands approved by the Board for the purposes of this section; (d) that application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within six months from the end of the month of commencement of commercial operation; (e) that the said facility maintains books of accounts on a regular basis and submits return of its income as per provisions of section 75 of this Ordinance. (4) The Board shall give its decision on an application made under clause (d) of sub-section (3) within forty five days from the date of receipt of the application by the Board, failing which the facility shall be deemed to have been approved by the Board for the purposes of this section: Provided that the Board shall not reject any application made under this section unless the applicant is given a reasonable opportunity of being heard. (5) The Board may, on an application of any person aggrieved by any decision or order passed under sub-section (4), if the application is made within four months of the receipt of such decision or order, review the previous decision, order or orders and pass such order in relation thereto as it thinks fit. (6) The income, profits and gains of the facility to which this section applies shall be computed in the same manner as is applicable to income chargeable under the head "Income from business or profession": Provided that in respect of depreciation, only the allowances for normal depreciation specified in paragraph 3 of the Third Schedule shall be allowed. (7) The income, profits and gains of the facility to which this section applies shall be computed separately from other income, profits and gains of the assessee, if any, and where the assessee sustains a loss from such facility it shall be carried forward and set off against the profits and gains of the said facility for the next year and where it cannot be wholly set off, the amount of the loss not so set off, shall be carried forward for the following year and so on, but no loss shall be carried forward beyond the period specified by the Board in the order issued under sub-section (4) or (5). (8) Unless otherwise specified by the Government, nothing contained in this section shall be so construed as to exempt the following from tax chargeable under this section :- (a) any dividend paid, credited or distributed or deemed to have been paid, credited or distributed by a company to its share-holders out of the profits and gains; (b) any income of the said facility classifiable as "Capital gains" chargeable under the provisions of section 31; (c) any income of the said facility resulting from disallowance made under section 30. (9) Where any exemption is allowed under this section and in the course of making assessment, the Deputy Commissioner of Taxes is satisfied that any one or more of the conditions specified in this section are not fulfilled 406or any individual not being a Bangladeshi citizen is employed or allowed to work without prior approval of the Board of Investment or any competent authority of the Government, as the case may be, for this purpose, the exemption shall stand withdrawn for the relevant assessment year and the Deputy Commissioner of Taxes shall determine the tax payable for such year. (10) Any such facility approved under this section may, not later than one year from the date of approval, apply in writing to the Board for the cancellation of such approval, and the Board may pass such order or orders thereon as it may deem fit. (11) Notwithstanding anything contained in this section, the Board may, in the public interest, cancel or suspend fully or partially any exemption allowed under this section. (12) The Board may make rules regulating the procedure for the grant of approval under sub-section (4), review under sub-section (5), furnish information regarding payment of other taxes by the said facility, and take such other measures connected therewith or incidental to the operation of this section as it may deem fit.
name: Exemption from tax of newly established physical infrastructure facility set up between the period of July, 2019 and June, 2024, etc. in certain cases
details: 40746CC. (1) Subject to the provisions of this Ordinance, income, profits and gains under section 28 from physical infrastructure facility, hereinafter referred to as the said facility, set up in Bangladesh between the first day of July, 2019 and the thirtieth day of June, 2024 (both days inclusive) shall be exempted from the tax payable under this Ordinance for ten years beginning with the month of commencement of commercial operation, and at the rate, specified below: Period of Exemption Rate of Exemption For the first and second year 90% of income For the third year 80% of income For the fourth year 70% of income For the fifth year 60% of income For the sixth year 50% of income For the seventh year 40% of income For the eighth year 30% of income For the ninth year 20% of income For the tenth year 10% of income. (2) For the purpose of this section, "physical infrastructure facility" means,- (i) deep sea port; (ii) elevated expressway; (iii) export processing zone; (iv) flyover; (v) gas pipe line; (vi) Hi-tech park; (vii) Information and Communication Technology (ICT) village or software technology zone; (viii) Information Technology (IT) park; (ix) large water treatment plant and supply through pipe line; (x) Liquefied Natural Gas (LNG) terminal and transmission line; (xi) mobile phone tower or tower sharing infrastructure;  (xii) mono-rail; (xiii) rapid transit; (xiv) renewable energy (e.g solar energy plant, windmill); (xv) sea or river port; (xvi) toll road or bridge; (xvii) underground rail; (xviii) waste treatment plant; or (xix) any other category of physical infrastructure facility as the Government may, by notification in the official Gazette, specify. (3) The exemption under sub-section (1) shall apply to the said facility if it fulfils the following conditions, namely:¾ (a) that the said facility is owned and managed by¾ (i)  a body corporate established by or under any law for the time being in force with its head office in Bangladesh; or (ii) a company as defined in কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) with its registered office in Bangladesh and having a subscribed and paid up capital of not less than two million taka on the date of commencement of commercial operation; (b) that thirty percent of the exempted income under sub-section (1) is invested in the said facility or in any new physical infrastructure facility during the period of exemption or within one year from the end of the period to which the exemption under that sub-section relates and in addition to that, another ten percent of the exempted income under sub-section (1) is invested in each year before the expiry of three months from the end of the income year in the purchase of shares of a company listed with any stock exchange, failing which the income so exempted shall, notwithstanding the provisions of this Ordinance, be subject to tax in the assessment year for which the exemption was allowed: Provided that the quantum of investment referred to in this clause shall be reduced by the amount of dividend, if any, declared by the company enjoying tax exemption under this section; (c) that the said facility is approved, and during the relevant income year, stands approved by the Board for the purposes of this section; (d) that application in the prescribed form for approval for the purposes of this section, as verified in the prescribed manner, is made to the Board within six months from the end of the month of commencement of commercial operation; (e) that the said facility maintains books of accounts on a regular basis and submits return of its income as per provisions of section 75 of this Ordinance. (4) The Board shall give its decision on an application made under clause (d) of sub-section (3) within forty five days from the date of receipt of the application by the Board, failing which the facility shall be deemed to have been approved by the Board for the purposes of this section: Provided that the Board shall not reject any application made under this section unless the applicant is given a reasonable opportunity of being heard. (5) The Board may, on an application of any person aggrieved by any decision or order passed under sub-section (4), if the application is made within four months of the receipt of such decision or order, review the previous decision, order or orders and pass such order in relation thereto as it thinks fit. (6) The income, profits and gains of the facility to which this section applies shall be computed in the same manner as is applicable to income chargeable under the head "Income from business or profession": Provided that in respect of depreciation, only the allowances for normal depreciation specified in paragraph 3 of the Third Schedule shall be allowed. (7) The income, profits and gains of the facility to which this section applies shall be computed separately from other income, profits and gains of the assessee, if any, and where the assessee sustains a loss from such facility, it shall be carried forward and set off against the profits and gains of the said facility for the next year and where it cannot be wholly set off, the amount of the loss not so set off, shall be carried forward for the following year and so on, but no loss shall be carried forward beyond the period specified by the Board in the order issued under sub-section (4) or (5). (8) Unless otherwise specified by the Government, nothing contained in this section shall be so construed as to exempt the following from tax chargeable under this section, namely¾ (a)  any dividend paid, credited or distributed or deemed to have been paid, credited or distributed by a company to its share-holders out of the profits and gains; (b)  any income of the said facility classifiable as "Capital gains" chargeable under the provisions of section 31; (c)  any income of the said facility resulting from disallowance made under section 30. (9) Where any exemption is allowed under this section and in the course of making assessment, the Deputy Commissioner of Taxes is satisfied that any one or more of the conditions specified in this section are not fulfilled or any individual not being a Bangladeshi citizen is employed or allowed to work without prior approval of any competent authority of the Government for this purpose, the exemption shall stand withdrawn for the relevant assessment year and the Deputy Commissioner of Taxes shall determine the tax payable for such year. (10) Any such facility approved under this section may, not later than one year from the date of approval, apply in writing to the Board for the cancellation of such approval, and the Board may pass such order or orders thereon as it may deem fit. (11) Notwithstanding anything contained in this section, the Board may, in the public interest, cancel or suspend fully or partially any exemption allowed under this section. (12) The Board may make rules regulating the procedure for the grant of approval under sub-section (4), review under sub-section (5), furnish information regarding payment of other taxes by the said facility, and take such other measures connected therewith or incidental to the operation of this section.
name: Exemption of income of co-operative societies
details: 47. (1) The tax shall not be payable by a co-operative society 408*** in respect of- 409*** (b) 	the entire income from business carried on by it, if it is engaged in the following:- (i) 	agricultural or rural credit; (ii) 	cottage industry; (iii) 	marketing of agricultural produce of its members; (iv) 	purchase of agricultural implements, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to its members; or (v) 	such processing, not being the performance of any manufacturing operation with the aid of power, of the agricultural produce of its members as is ordinarily employed by a cultivator to render marketable the agricultural produce raised by him; 410*** 	(d) 	any income derived from the letting of godowns or warehouses for the purpose of storage, processing or facilitating the marketing of commodities belonging or meant for sale to its members. Explanation.-For the purpose of this section,- (a) 	“cottage industry” means an enterprise, not being owned by a joint stock company which fulfils the following conditions, namely:- (i) 	it is basically an enterprise in which the owner is the investor, a full-time worker and the actual entrepreneur; (ii) 	the capital invested in plant, machinery and equipment does not exceed  411three lakh taka at any time during the income year; (iii) 	the number of workers, including the owner and the members of his family, shall not on any one twenty-four hour day during the income year, exceed  412fifteen; and (iv) 	the owner of the enterprise or any member of his family does not own any other industrial or commercial enterprise either in his own name or in the name of any other person; and (b) 	“member of his family”, in relation to the owner of an enterprise, means the parents, spouse and children dependent on the owner and employed in the enterprise, whether working full-time or part-time, or whether for or without any wages, remuneration or compensation in any form. (2) Nothing contained in sub-section (1) shall apply to a co-operative society carrying on such business of insurance as is carried on by a mutual insurance association in respect of its profits and gains to which paragraph 8 of the Fourth Schedule applies.
name: Deduction at source and advance payment of tax
details: 48. (1) Notwithstanding that regular assessment in respect of any income is to be made later in any assessment year, and without prejudice to the charge and recovery of tax under this Ordinance after such assessment, the tax on income shall be payable by deduction or collection at source, or by way of advance payment, in accordance with the provisions of this Chapter. (2) Any sum deducted or collected, or paid by way of advance payment, in accordance with the provisions of this Chapter, shall, for the purpose of computing the income of an assessee, be deemed to be the income received, and be treated as payment of tax in due time, by the assessee.
name: Income subject to deduction at source
details: 49. (1) Tax payable under this Ordinance shall be deducted or collected at source in respect of the following income, namely:-  (a) income classifiable under the head “Salaries”;  413(aa) income from discount on the real value of Bangladesh Bank bills;  (b) income classifiable under the head “Interest on securities”;  414* * *  (c) income derived on account of supply of goods, execution of contracts or services rendered;  415(d) income derived by the importers on account of import of goods;  (e) income derived on account of indenting commission;  (f) income derived on account of winnings from lottery or crossword puzzles, as referred to in section 19(13); 416* * *  (g) any income chargeable under this Ordinance which is paid or payable to a non-resident 417;  (h) Income classifiable under the head “Income from house property”;  (i) income derived on account of export of manpower;  418(ii) income derived on account of travel agency commission or incentive bonus;  (j) income derived on account of purchase by public auction;  (k) income derived on account of acting in films;  419* * * 420* * *  (m) income derived on account of shipping agency commission 421; 422* * *  423(n) income derived from commission, discount or fees payable to distributors for distribution or marketing of manufactured goods 424;  (o) income derived on account of interest on saving deposits, fixed deposits or term deposits and share of profit on term deposits;  425(oo). income dierived on account of payment from workers’ participation fund. (p) income derived on account of insurance commission;  (q) income classifiable under the head “Capital gains”;  426(r) income derived on account of fees for professional or technical services;  (s) income derived on account of manufacture of cigarettes manually without any mechanical aid whatsoever;  (t) income derived from compensation against acquisition of property;  427* * *  428* * *  (w) income derived on account of running of brick field;  (x) income derived on account of services rendered by the doctors;  429* * *  (z) income derived on account of commission of letter of credit;  430(za) income derived on account of survey by a surveyor of general insurance company;  431* * *  (zc) income derived on account of commission, remuneration or charges as a foreign buyer's agent 432;  (zd) income from dividends 433;  (ze) income derived on account of rendering certain services 434;  435(zf) income derived on account of shipping business carried on both inside and outside Bangladesh by a resident assessee.  (zg) income derived on account of business of real estate and land developer;  (zh) income derived by an exporter on account of export of 436any commodity;  (zi) income derived by a member of a stock exchange on account of transaction of shares, debentures, mutual funds, bonds or securities 437;  (zj) income derived on account of courier business of a non-resident;  438***  439(zkk) income derived on account of export cash subsidy;  440***  441(zm) on account of 442*** renewal of trade licence;  443***  (zo) income derived on account of freight forward agency commission 444;  (zp) income derived on account of rental power;  (zq) income derived on account of interest of Post Office Savings Bank Account;  (zr) income derived on account of rental value of vacant land or plant or machinery;  (zs) income derived on account of advertisement 445; (zt) income derived by foreign technician serving in a diamond cutting industry446; 447*** (zv) income derived from transfer of securities or mutual fund units by sponsor shareholders of a company etc 448; (zw) deduction of tax for services from convention hall, conference centre, room or, as the case may be, hall etc.; (zx) deduction of tax from residents for any income in connection with any service provided to any foreign person 449; (zy) income derived on account of international gateway service in respect of phone call450; (zz) collection of tax from manufacturer of soft drink 451; (zza) income derived from insurance policy; (zzb) deduction of tax from local letter of credit (L/C); (zzc) income derived from any fees, revenue sharing, etc. from cellular mobile phone operator; (zzd) income from transfer of share of any stock exchange; (zze) income from transfer of share of company listed in any stock exchange; (zzf) income derived from lease of property 452; (zzff) deduction of tax from any sum paid by real estate developer to land owner 453;(zzg) income derived from the operation of inland ships;(zzh) income derived from the operation of commercial vehicles.  (2) Tax to be deducted at source under sub-section (1) in respect of any income shall be deducted in accordance with the provisions of this Chapter by the person responsible for making payment which constitutes the income of the payee.  (3) For the purpose of this Chapter, “person responsible for making payment”, with its grammatical variations and cognate expressions, means-  (a) in the case of payments constituting income classifiable under head “Salaries”, 454*** the employer himself or, if the employer is a local authority, company or institution, such authority, company or institution, including the principal officer thereof;  (b) in the case of payments constituting income classifiable under the head “Interest on securities”, not being payment made by or on behalf of the Government, the authority, company or other institution issuing the security or the principal officer thereof; and  (c) in the case of payment of any other sum which constitutes an income of the payee chargeable to tax under this Ordinance, the payer himself, or if the payer is a company or other institution, such company or institution including the principal officer thereof.
name: Deduction at source from discount on the real value of Bangladesh Bank bills
details: 45550A. Any person responsible for paying any amount on account of discount on the real value of Bangladesh Bank bills shall, at the time of making such payment, deduct tax at the maximum rate on the amount so payable or the rate applicable to such amount, whichever is greater  456: Provided that no tax shall be deducted under this section where the said bill is purchased by an approved superannuation fund or pension fund or gratuity fund or a recognised provident fund, or a workers' profit participation fund.
name: Deduction at source from salaries
details: 50. (1) The person responsible for making any payment which constitutes income of the payee classifiable under the head “Salaries” shall, at the time of making such payment, deduct tax on the amount so payable at a rate representing the average of the rates applicable to the estimated total income of the payee under that head.  457(1A) Notwithstanding the provision of sub section (1), where any Government official is acting as Drawing and Disbursing Officer (DDO) or making or signing a bill for himself or for any other official subordinate to him to draw salary from the Government or any authority, as the case may be, he shall, at the time of making or signing such bill, deduct tax at a rate representing the average of the rates applicable to the estimated total income of such officials if such annual salary chargeable to tax exceeds the taxable limit for that income year.;  এবং (1B) For the purposes of sub-section (1A), respective Government Accounts Office shall issue a tax deduction certificate in prescribed form within the thirty first day of July following the financial year. (2) At the time of  making any deduction under 458sub-sections (1) and (1A) , the amount to be deducted may be increased or decreased for the purpose of adjusting any excess or deficiency arising out of any previous deductions or failure to make deductions. 459(2A) The payment under 460sub-section (1) and (1A) shall be made by such person with or without deduction of tax in accordance with a certificate, issued by the Deputy Commissioner of Taxes after being satisfied on an application made by the payee in this behalf, where such certificate specifies that- (a) no tax shall be deducted from the payee in a case where the tax payable on the total income of the payee has already been deducted or collected from such payee under this Ordinance for the rest of the income year; or (b) tax shall be deducted at a lesser rate for the rest of the income year in a case where the payee may, after adjusting the tax already deducted or collected from such payee under this Ordinance, be liable to pay a lesser sum of tax than the tax chargeable on his total income. (3) For the purposes of deduction under 461sub-section (1) and (1A) in respect of salary payable in a foreign currency, the value in taka of such salary shall be calculated at such rate as the Board may prescribe.
name: Deduction of tax from payment of remuneration to Members of Parliament
details: 46250B. Any person responsible for making any payment as remuneration to a Member of Parliament shall, at the time of making such payment, deduct tax on the amount so payable at a rate representing the average of the rates applicable to the estimated total remuneration of the payee for that income year.
name: Deduction at source from discount, interest or profit on securities
details: 46351.  Any person responsible for issuing a security of the Government, or security approved by the Government or Bangladesh Securities and Exchange Commission, income of which is classifiable under the head “interest on securities”, shall collect income-tax at the rate of five percent (5%) on discount, interest or profit on securities at the time of making payment or credit, whichever is earlier.
name: Omitted
details: 51A. Deduction at source from interest on fixed deposits- Omitted by section 2 of the Income tax (Amendment) Ordinance, 1985 (Ordinance No. XXXVI of 1985).
name: Deduction from payment to contractors, etc.
details: 46452. (1) Where any payment is to be made by a specified person to a resident on account of- (a) execution of a contract, other than a contract for providing or rendering a service mentioned in any other section of Chapter VII; (b) supply of goods; (c) manufacture, process or conversion; (d) printing, packaging or binding; the person responsible for making the payment shall, at the time of making such payment, deduct tax at such rate, not exceeding ten percent (10%) of the base amount, as may be prescribed: 465Provided that–  466(a) the rate of tax shall be fifty percent (50%) higher if the payee fails to submit proof of submission of return at the time of making the payment; 467*** 468(bb) the rate of tax shall be fifty percent (50%) higher if the payee does not receive payment by bank transfer; (c) where any imported goods on which tax has been paid at source under section 53 is supplied, tax at source on the said supply shall be B-A, where- A= the amount of tax paid under section 53, B= the amount of tax applicable under this section if no tax were paid under section 53. 469(d) where any goods on which tax has been paid at source under section 53E is supplied, tax at source on the said supply shall be B-A, where-A = the amount of tax paid under section 53E, B = the amount of tax applicable under this section if no tax were paid under section 53E470: 471Provided that in case of the goods supplied by any distributor or any other person under a contract as referred in sub-section (3) of section 53E, the term “B” as mentioned in paragraph (d) shall be computed as follows:  B={the selling price of the company to the distributor or the other person as referred in section 53E (3)} x 7% x 5%.  (2) In this section- (a) the specified person means- (i) the Government, or any authority, corporation or body of the Government, including its units, the activities of which are authorised by any Act, Ordinance, Order or instrument having the force of law in Bangladesh; (ii) a project, programme or activity where the Government has any financial or operational involvement; (iii) a joint venture or a consortium; (iv) a company as defined in clause (20) of section 2 of this Ordinance; (v) a co-operative bank; (vi) a co-operative society; (vii) a financial institution; (viii) a Non-Government Organisation registered with the NGO Affairs Bureau 472or a Micro Credit Organisation having licence with Micro Credit Regulatory Authority; (ix) a school, a college, an institute or a university; (x) a hospital, a clinic or a diagnostic centre; (xi) a trust or a fund; (xii) a firm; 473(xiia) an association of persons; (xiii) a public-private partnership; (xiv) a foreign contractor, a foreign enterprise or an association or a body established outside Bangladesh; 474*** 475(xv) any e-commerce platform, not being any other specified persons, called by whatever name having annual turnover exceeding Taka one crore; 476***477(xvi) hotel, resort, community center and transport agency having annual turnover exceeding Taka one crore; 478(xvii) an artificial juridical person; (b) “contract” includes a sub-contract, any subsequent contract, an agreement or an arrangement, whether written or not; (c) “base amount” means the higher of the - (i) contract value; or (ii) bill or invoice amount; or (iii) payment; (d) “payment” includes a transfer, a credit or an adjustment of payment 479or an order or instruction of making payment.
name: Deduction from payment of royalties etc
details: 52A. (1) Where any payment is to be made by a specified person to a resident on account of royalties, franchise, or the fee for using license, brand name, patent, invention, formula, process, method, design, pattern, knowhow, copyright, trademark, trade name, literary or musical or artistic composition, survey, study, forecast, estimate, customer list or any other intangibles, the person responsible for making the payment shall, at the time of making payment, deduct income tax at the rate specified below- Description of payment Rate of deduction of tax (a) Where base amount does not exceed taka 25 lakh 10% (b) Where base amount exceeds taka 25 lakh 12%: Provided that the rate of tax shall be fifty percent (50%) higher if the payee does not have a twelve-digit Taxpayer’s Identification Number at the time of making the payment. (2) In this section- (a) “specified person” shall have the same meaning as in clause (a) of sub section (2) of section 52; (b) “contract” includes a sub-contract, any subsequent contract, an agreement or an arrangement, whether written or not; (c) “base amount” means the higher of the - (i) contract value; or (ii) bill or invoice amount; or (iii) payment; (d) “payment” includes a transfer, a credit or an adjustment of payment 480or an order or instruction of making payment.
name: Deduction from the payment of certain services
details: 52AA. 481(1) Where any payment is to be made by a specified person to a resident on account of a service as mentioned in this section, the person responsible for making the payment shall, at the time of making such payment, deduct income tax at the rate specified in the Table below:- Table SL. No Description of service and payment Rate 1. Advisory or consultancy service 10% 2. (i) Professional service; (ii) technical services fee; or (iii) technical assistance fee. 10% 3. (i) Catering service; (ii) Cleaning service; (iii) Collection and recovery service; (iv) Private security service; (v) Manpower supply service; (vi) Creative media service; (vii) Public relations service; (viii) Event management service; (ix) Training, workshop, etc. organization and management service; (x) Courier service; (xi) Packing and Shifting service; (xii) Any other service of similar nature- (a) on commission or fee (b) on gross bill amount 10% 2% 4. Media buying agency service (a) on commission or fee (b) on gross bill amount 10% 0.65% 5. Indenting commission 8% 6. Meeting fees, training fees or honorarium 10% 7. Mobile network operator, technical support service provider 12% 8. Credit rating service 10% 9. Motor garage or workshop 8% 10. Private container port or dockyard service 8% 11. Shipping agency commission 8% 12. Stevedoring/berth operator /terminal operator/Ship handling operator – (a) on commission or fee (b)  on gross bill amount 10% 5% 13. (i) Transport service, carrying service, vehicle rental service, Repair and maintenance service; (ii) Any other service under any sharing economy platform including ride sharing service, coworking space providing service and accommodation providing service; 5% 14. Wheeling charge for electricity transmission 3% 15. Internet Service 10% 16. Service delivery agents engaged in mobile financial services or channel partners of mobile financial services 10% 17. Any other service which is not mentioned in Chapter VII of this Ordinance and is not a service provided by any bank, insurance, mobile financial services or financial institutions. 10% Provided that- (a) if the amount for services mentioned in SL No. 3 and 4 of the Table shows both commission or fee and gross bill amount tax shall be the higher amount between (i) and (ii) where- 	tax calculated on commission or fee applying the relevant rate in the table; and  (ii) B x C x D, where- B = Gross bill amount. C = 10% of Sl. 3 and 2.5% for Sl. 4, and D = rate of tax applicable on commission or fee;  (b) the rate of tax shall be fifty percent (50%) higher if the payee fails to submit proof of submission of return at the time of making the payment; (c) the rate of tax shall be fifty percent (50%) higher if the payee does not receive payment by bank transfer; (d) where the Board, on an application made in this behalf, gives certificate in writing that the person rendering such service is otherwise exempted from tax under any provision of this Ordinance, the payment referred to in this section shall be made without any deduction or with deduction at a lesser rate for that income year. (2) In this section- (a) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of section 52; (b) “contract” includes a sub-contract, any subsequent contract, an agreement or an arrangement, whether written or not; (c) “base amount” means the higher of the- (i) contract value; or(ii) bill or invoice amount ; or(iii) payment; (d) “payment” includes a transfer, a credit or an adjustment of payment 482or an order or instruction of making payment; (e) “professional services” means- (i) services rendered by a doctor;(ii) services rendered by a person carrying on any profession or any other services applying professionalknowledge.
name: Collection of tax from clearing and forwarding agents
details: 48352AAA. The Commissioner of Customs shall make collection on account of commission receivable by clearing and forwarding agents licensed under Customs Act, 1969 at the rate of  484ten percent on such commission at the time of clearance of goods imported or exported.
name: Collection of tax from Cigarette manufacturers
details: 52B. 485Any person responsible for selling banderols to any manufacturer of cigarettes shall, at the time of selling banderols, collect tax from such manufacturers on account of the manufacture of cigarette at the rate of ten percent (10%) of the value of the banderols. Explanation.- For the purposes of this section, “manufacture of cigarettes” means manufacture of cigarettes manually without any mechanical aid whatsoever.
name: Deduction at source from compensation against acquisition of property
details: 48652C.- Any person, responsible for paying any amount of compensation against acquisition by the Government of any immovable property shall, at the time of paying such compensation deduct advance tax at the rate of,- (a) 487six per cent of the amount of such compensation where the immovable property is situated in any city corporation, paurashava or cantonment board; (b) 488three per cent of the amount of such compensation where the immovable property is situated outside any city corporation, paurashava or cantonment board.
name: Deduction at source from interest on saving instruments
details: 48949052D. Notwithstanding anything contained in any other provision of this Ordinance or any other law being in force in respect of exemption from tax on interest of savings instrument purchased by an approved superannuation fund or pension fund or gratuity fund or a recognized provident fund or a workers’ profit participation fund, any person responsible for making any payment by way of interest on any savings instruments shall, at the time of such payment, deduct income tax at the rate of 491ten per cent (10%) on such interest: Provided that no tax shall be deducted under this section where the cumulative investment at the end of the income year in the pensioners' savings certificate does not exceed five lakh taka: Provided further that no tax shall be deducted from interest or profit arising from Wage earners development bond, US dollar premium bond, US dollar investment bond, Euro premium bond, Euro investment bond, Pound sterling investment bond or Pound sterling premium bond.
name: Deduction from payment to a beneficiary of workers’ participation fund
details: 49252DD. (1)Notwithstanding anything contained in any other provision of this Ordinance or any other law being in force in respect of exemption from tax on payments from workers’ participation fund, any person responsible for making any payment from such fund to a beneficiary shall, at the time of payment, deduct tax at the rate of 5% (five percent) on whole payment.(2) No tax under sub-section (1) shall be deducted from the payment of worker’s participation fund where the following conditions are met-(i )the beneficiary does not have taxable income; and(ii) amount of fund does not exceed Taka 25,000.
name: Omitted
details: 52E. 493 Collection of tax on account of bonus- Omitted by section 53 of অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন).
name: Collection of tax from brick manufacturers
details: 49452F.  Any person responsible for issuing or renewal of permission for the manufacture of  bricks shall not issue or renew such permission unless the application for issuance or renewal of such permission is accompanied by a tax clearance certificate of the preceding assessment year along with the receipt of the tax verified by the Deputy Commissioner of Taxes at the following rates: (a) taka forty five thousand for one section brick field; (b) taka seventy thousand for one and half section brick field;  (c) taka ninety thousand for two section brick field;  (d) taka one lakh and fifty thousand for brick field producing bricks through automatic machine. Explanation.¾For the purpose of this section, the word "section" shall have the same meaning as defined in মৌসুমী ইটভাটা মূল্য সংযোজন কর বিধিমালা, ২০০৪.
name: Omitted
details: 52G. Deduction from fees for services rendered by doctors.- Omitted by section 25 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
name: Omitted
details: 52H. Collection of tax from persons engaged in the real estate business.- Omitted by section 64 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
name: Deduction from the commission of letter of credit
details: 52I. Any person responsible for opening letter of credit for the purpose of import of goods for himself or for any other person shall, at the time of collecting commission with respect to letter of credit, deduct income tax at the rate of five per cent on the amount of such commission.
name: Omitted
details: 52J. Collection of tax from travel agent- Omitted by section 54 of অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন).
name: Collection of tax from travel agent
details: 49552JJ. Collection of tax from travel agent.- (1) Notwithstanding anything contained in any other provisions of this Ordinance, any person responsible for making any payment to a resident any sum by way of commission or discount or any other benefits, called by whatever name, convertible into money for selling passenger tickets or air cargo carriage shall deduct or collect advance tax at the rate of zero point three zero percent (0.30%) of the total value of the tickets or any charge for carrying cargo by air at the time of payment to such resident. (2) Where any incentive bonus, performance bonus or any other benefits, called by whatever name, is to be paid in relation to such sale of tickets or bill for carrying cargo by air in addition to the amount mentioned in sub-section (1), person responsible for making such payment shall deduct an amount equal to (A/B) x C, where- “A” is the amount of incentive bonus, performance bonus or any other benefits as mentioned in subsection (2), “B” is the amount of commission or discount or any other benefits as mentioned in sub-section (1), and “C” is the amount of source tax on commission or discount or any other benefits as mentioned in subsection (1). (3) For the purpose of computation of value of tickets or charge, any payment made in respect of any embarkation fees, travel tax, flight safety insurance, security tax and airport tax shall not be included in such value or charge. Explanation.-In this section, “payment” includes a transfer, a credit or an adjustment of payment.
name: Collection of tax by City Corporation or Pourashava at the time of renewal of trade licence.
details: 49652K. Any person responsible for renewal of trade licence shall collect tax at the time of such renewal of each trade license at the rate of – (a) taka 497three thousand in 498Dhaka South City Corporation, Dhaka North City Corporation or Chittagong City Corporation; (b) taka 499two thousand 500in any other city corporation; (c) taka 501one thousand in any paurashava at any district headquarter; (d) taka 502five hundred in any other paurashava.
name: Omitted
details: 503* * *
name: Collection of tax from freight forward agency commission.
details: 50452M. Any person responsible for making any payment by way of freight forward agency commission, at the time of making such payment 505or credit of such payment to the account of the payee, shall deduct tax at the rate of 506fifteen percent of the said amount.
name: Collection of tax on account of purchase of power
details: 50752N.  (1)Notwithstanding anything contained in this Ordinance, Bangladesh Power Development Board or any other person engaged in power distribution, at the time of payment to any person on account of purchase of power, shall collect, deduct or pay tax on the said payment at the rate of six percent.(2) Where a person is exempted from tax or is subject to a reduced tax rate in an income year, the Board may, on an application made in this behalf, give a certificate in writing that the payment for that income year shall be made without any deduction or with deduction at a proportionately reduced rate, as the case may be.
name: Collection of tax from a foreign technician serving in a diamond cutting industry
details: 50852O. The person responsible for making any payment-which constitutes income chargeable under the head “Salaries” received by or due to any person who is neither a citizen of Bangladesh nor was resident in Bangladesh in any of the four years immediately preceding the year in which he arrived in Bangladesh, as remuneration for services rendered by him for a period not exceeding three years from the date of his arrival in Bangladesh, during such period, as a technician employed in diamond cutting industries under a contract of service, shall deduct tax at the rate of five percent of such salaries at the time of making payment or giving credit which ever is earlier: Provided that the provisions of this clause shall not be applicable to foreign technicians appointed after June 30 2010.
name: Deduction of tax for services from convention hall, conference centre, etc
details: 50952P.  (1) Where any payment is to be made by a specified person to any other person on account of renting or using space of convention hall, conference centre, room or, as the case may be, hall, hotel, community centre or any restaurant, shall deduct tax at the rate of five per cent from the whole amount of the payment for the services thereof at the time of making such payment to the payee:Provided that no deduction shall be made when such amount is paid directly to the Government. (2) In this section¾(a) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of section 52; (b) “payment” shall have the same meaning as in clause (d) of sub-section (2) of section 52.
name: Deduction of Tax from any income remitted from abroad in connection with any service, revenue sharing, etc
details: 52Q. 510Any person, responsible for paying or crediting to the account of a person any sum remitted from abroad by way of a fee, service charges, commission or remuneration, called by whatever name, or by way of revenue sharing of any name and nature, for— (a) providing any service rendered in  Bangladesh; or(b) rendering any service or performing any task by a resident person in favour of a foreign person; or(c) allowing the use of any online platform for advertisement or any other purposes,shall deduct tax at the rate of ten percent at the time of making payment of the sum or crediting the sum to the account of the payee:511Provided that the rate of deduction under this section shall be 7.5% (seven point five percent) where the remittance has been received as consideration for contracts on manufacturing, process or conversion, civil work, construction, engineering or works of similar nature:Provided further that no deduction under this section shall be made against the remittance from abroad which is-(i) the proceeds of sales of software or services of a resident if the income from such sales or services is exempted from tax under paragraph 33 of Part A of the Sixth Schedule, or(ii) excluded from total income by paragraph 48 512and 61 of Part A of the Sixth Schedule.
name: Deduction of tax from receipts in respect of international phone call.
details: 51352R. (1)The bank, through which any sum on account of International Gateway (IGW) Services in respect of international phone call is received, shall deduct tax at the rate of 514one point five percent (1.5%) of the total amount representing the said receipt at the time of crediting it to the account of the International Gateway (IGW) Services operator. (2) The International Gateway (IGW) Services operator, by which any sum related to international phone call is paid or credited to the account of Interconnection Exchange (ICX), Access Network Services (ANS) 515,Bangladesh Telecommunication Regulatory Commission (BTRC) or any other person under an agreement with the Bangladesh Telecommunication Regulatory Commission (BTRC), shall deduct tax at the rate of 516seven point five percent (7.5%) on the whole amount so paid or credited at the time of such payment or credit under the said agreement. 517(2A) Where any amount is paid or credited in respect of outgoing international calls, the provider of Interconnection Exchange (ICX) services or Access Network Services (ANS) shall deduct tax at the rate of seven point five percent (7.5%) on the whole amount so paid or credited at the time of such payment or credit (3) Notwithstanding anything contained in 518sub-sections (1), (2) or (2A), where the Board gives a certificate in writing on an application made by a person that income of the person is exempted from tax or will be liable to tax at a rate of tax less than the rate specified in this section, the person responsible for such payment shall make the payment- (a) without deduction of tax; or (b) after deducting tax at a rate specified in the certificate.
name: Omitted.
details: 520***
name: Deduction of tax from any payment in excess of premium paid on life insurance policy.
details: 52152T. Any person responsible for paying to a resident, any sum in excess of premium paid for any life insurance policy maintained with any life insurance company, shall deduct, at the time of payment of such excess amount to the policy holder, income tax at the rate of five per cent on such sum: Provided that no deduction of tax shall be made in case of death of such policy holder.
name: Deduction from payment on account of local letter of credit, etc.
details: 52252U. (1) The bank or any other financial institution extending any credit facility under a local letter of credit or any other financing agreement, not being a financing arrangement under sub-section (2), for purchasing any goods in Bangladesh by a person (hereinafter referred to as “Person A”) from any person (hereinafter referred to as “Person B”) for the purpose of trading, or of reselling after process or conversion shall deduct, at the time of paying or crediting to Person B, tax at the rate of three percent (3%) of the amount so paid or credited in relation to the purchase by Person A. (2) The bank or any other financial institution extending any credit facility to a distributor under a financing arrangement in which a person (hereinafter referred to as “Person C”) receives payments from such bank or the financial institution against the invoice or sale of goods to its distributor (hereinafter referred to as “Person D”) shall deduct, at the time of paying or crediting payment to Person C, tax at the rate of one percent (1%) of the amount so paid or credited in relation to the goods invoiced to Person D. (3) 523The tax shall be deducted at the rate of two percent (2%) in the cases of local letter of credit or any other financing agreement opened or made for the purchase or procurement of rice, wheat, potato, onion, garlic, peas, chickpeas, lentils, ginger, turmeric, dried chillies, pulses, maize, coarse flour, flour, salt, edible oil, sugar, black pepper, cinnamon, cardamom, clove, date, cassia leaf, computer or computer accessories, jute, cotton, yarn and all kinds of fruits. 524*** Explanation.- For the purpose of this section, "distributor" means a person who performs the function of supply of finished goods produced by another person to the end customer directly or through any other intermediary.
name: Deduction from payment by cellular mobile phone operator.
details: The Principal Officer of a cellular mobile phone operator company responsible for making any payment, on account of any revenue sharing or any license fees or any other fees or charges, called by whatever name, to the regulatory authority, shall deduct tax at the rate of ten percent of such payment at the time of credit to the payee or at the time of payment thereof, whichever is earlier.
name: Collection of tax on account of import of goods
details: 53. 525The Commissioner of Customs or the officer authorized in this behalf shall collect advance income tax at such rate, not exceeding 20% (twenty percent) on the value of imported goods, as may be prescribed.
name: Deduction at source from income from house property
details: 52652753A.  (1) Where any specified person is a tenant in respect of a house property or hotel accommodation, the tenant shall deduct tax from the rent of such house property or hotel accommodation at the rate of five per cent at the time of payment of such rent.Explanation.- For the purpose of this section, "rent" means any payment, by whatever name called, under any lease, tenancy or any other agreement or arrangement for the use of any house property or hotel accommodation including any furniture, fittings and the land appurtenant thereto.(2) Where, after the assessment made for the relevant year, it is found that no tax was payable by the owner of the house property or the amount of tax deducted is in excess of the amount payable, the amount deducted shall be refunded,- (a) if no tax was payable, in full; or(b) if the amount deducted is in excess of the amount payable, to the extent of the excess deduction to the owner of the house property. (3) Where the Deputy Commissioner of Taxes, on an application made in this behalf, gives a certificate in the prescribed form to an owner of house property that, to the best of his belief, the owner is not likely to have any assessable income during the year or the income is otherwise exempted from payment of income tax under any provision of this Ordinance, payment referred to in sub-section (1) shall be made without any deduction until the certificate is cancelled. (4) In this section-(a) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of section 52; (b) “payment” shall have the same meaning as in clause (d) of sub-section (2) of section 52.
name: Collection of tax from shipping business of a resident
details: 53AA. Commissioner of Customs or any other authority, duly authorised in this behalf, shall not grant port clearance to a ship owned or chartered by a resident assessee unless 528a certificate is received in prescribed manner from Deputy Commissioner of Taxes concerned and tax at the rate of  529five percent of total freight received or receivable in or out of Bangladesh has been paid for carriage of passengers, livestock, mail or goods, shipped at any port of Bangladesh. 530: Provided that tax shall be collected at the rate of three per cent of total freight received or receivable from services rendered between two or more foreign countries.
name: Collection of tax from recruiting agents
details: 53B. 531The Director General, Bureau of Manpower, Employment and Training shall not-(i) grant clearance for export of manpower by recruiting agencies unless challan of advance tax for Taka amounting to 10% (ten percent) of service charge or fees received by recruiting agents on account of export of manpower attached with the application made in this behalf; and(ii) issue or renew license under section 9 of বৈদেশিক কর্মসংস্থান ও অভিবাসী আইন, ২০১৩ (২০১৩ সনের ৪৮ নং আইন) unless a challan of advance tax for Taka 50,000 is submitted along with the application made for license or renew of license.
name: Deduction of tax from export proceeds of goods
details: 53253BB. Deduction of tax from export proceeds of goods.- (1)The Bank, through which export proceeds of goods of an exporter is received, shall deduct tax at the rate of 1% (one percent) of total export proceeds at the time of crediting the proceeds to the account of the exporter.(2) Where the Board, on an application made in this behalf, gives a certificate in writing that the income of the exporter is partly or fully exempted from tax under any provision of the Ordinance, the Bank shall make credit to the account of an assesse without any deduction of tax or deduction of tax at a rate lesser than the rate specified in this section for the period mentioned in that certificate.
name: Collection of tax from Member of Stock Exchanges
details: 53BBB. 533The Chief Executive Officer of a stock exchange shall collect tax at the rate of “zero point zero five percent (0.05%)”on the value of shares and mutual funds transacted by a member of a stock exchange and at the rate of ten percent (10%) on the commission received or receivable by a member of a stock exchange for the transaction of securities other than shares and mutual funds at the time of making payment for such transactions.
name: Omitted
details: 534***
name: Collection of tax on sale price of goods or property sold by public auction
details: 53C. Any person making sale, by 535public auction through sealed tender or otherwise, of any goods or property belonging to the Government or any authority, corporation or body, including its units, the activities or the principal activities of which are authorised by any Act, Ordinance, order or instrument having the force of law in Bangladesh or any company 536*** as defined in 537538*** কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮নং আইন) or any banking company, or any insurance company or any co-operative bank established by or under any law for the time being in force shall collect, before delivering the possession of the goods or the property 539or allowing to exercise the rights, as advance tax on the income from the sale price of such goods or property from the auction purchaser 540at the rate of 10% (ten percent) of the sale price:. 541Provided that the rate of deduction shall be 1% (one percent) in case of sale of tea by public auction. Explanation.-For the purposes of this section, sale of any goods or property includes the awarding of any lease to any person, including a lease of the right to collect octroi duties, tolls, fees or other levies, by whatever name called, but does not include sale of a plot of land.
name: Omitted
details: 542***
name: Deduction or collection of tax at source from courier business of a non-resident
details: 543 53CCC. Any person being a company registered under the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) working as local agent of a non-resident courier company shall deduct or collect tax in advance at the rate of fifteen percent (15%) on the amount of service charge accrued from the shipment of goods, documents, parcels or any other things outside Bangladesh
name: Deduction from payment to actors, actresses, producers, etc.
details: 54453D. (1) A person responsible for making any part or full payment for purchasing a film, drama or television or radio programme shall deduct tax at the rate of ten percent of the amount paid or payable at the time of making payment or credit of such payment to the account of the payee. (2) A person responsible for making any part or full payment to another person for performing in a film, drama, advertisement or any television or radio programme shall deduct tax at the rate of ten percent of the amount paid or payable at the time of making payment or credit of such payment to the account of the payee545:  Provided that no tax shall be deducted under this section if the total payment does not exceed ten thousand taka.
name: Omitted
details: 546* * *
name: Deduction of tax at source from export cash subsidy.
details: 54753DDD. Any person responsible for paying any amount on account of export cash subsidy to an exporter for promotion of export shall, at the time of payment or credit of such amount, deduct or collect tax in advance at the rate of 548549ten per cent on the amount so payable.
name: Deduction or collection at source from commission, discount, fees, etc.
details: 55053E. (1) Any company making a payment or allowing an amount to a distributor, called by whatever name, or to any other person by way of commission, discount, fees, incentive or performance bonus or any other performance related incentive or any other payment or benefit of the similar nature for distribution or marketing of goods, shall deduct or collect tax at the time of payment or allowing the amount at the rate of ten percent (10%) of the amount of payment or the amount allowed or the value of benefits allowed, as the case may be. (2) Any company making a payment in relation to the promotion of the company or its goods to any person engaged in the distribution or marketing of the goods of the company shall, at the time of payment, deduct tax at the rate of one point five percent (1.5%) of the payment. (3) Any company, other than an oil marketing company, which sells goods to- (a) any distributor, or (b) any other person under a contract, at a price lower than the retail price fixed by such company, shall collect tax from such distributor or such any other person at the rate of five percent (5%) on the amount equal to B x C, where- B = the selling price of the company to the distributor or the other person; C = 5%: Provided that a cigarette manufacturer company shall collect tax at the time of sale of its goods to such distributor or to such other person at the rate of three percent (3%) of the difference between the sale price to the distributor or the other person and the retail price fixed by such company.  (4) In this section- (a) “payment” includes a transfer, credit or an adjustment of payment 551or an order or instruction of making payment; (b) “contract” includes an agreement or arrangement, whether written or not552; (c) “company” includes a firm.
name: Deduction of tax from commission or remuneration paid to agent of foreign buyer
details: 55353EE. Where, in accordance with the terms of the letter of credit or under any other instruction, a bank, through which an exporter receives payment for export of goods, pays any amount out of the export proceeds to the credit of any person being  an  agent or  a  representative  of  the  foreign  buyer,  as commission, charges or remuneration by whatever name it may be called, the bank shall deduct or collect tax in advance at the rate of  554ten per cent (10%) on the commission, charges or remuneration so paid at the time of such payment.
name: Deduction at source from interest on saving deposits and fixed deposits, etc
details: 55553F.  (1)Notwithstanding anything contained in this Ordinance or any other law for the time being in force in respect of exemption of tax, any person responsible for paying to a resident any sum by way of interest or share of profit on any saving deposits or fixed deposits or any term deposit maintained with any bank including a co-operative bank or any bank run on Islamic principles or non-banking financial institution or any leasing company or housing finance company, as the case may be, shall deduct, at the time of credit of such interest or share of profit to the account of the payee or at the time of payment thereof, whichever is earlier, income tax on such sum at the rate provided in the following table-Table Sl. No. Types of the payee Rate 1. Where the payee is a company 20% 2. Where the payee is a person other than a company 10% 3. Where the payee is a public university, or an educational institution whose teachers are enlisted for Monthly Pay Order (MPO), following the curriculum approved by the Government and whose governing body is also formed as per Government rules or regulations, or any professional institute established under any law and run by professional body of Chartered Accountants, Cost and Management Accountants or Chartered Secretaries 10% 4. Where the payee is recognized provident fund, approved gratuity fund, approved superannuation fund or pension fund 5% (2) Where the payee being a person required to submit return under section 75 fails to furnish proof of submission of return, the rate of deduction shall be 50% higher.(3) For the purpose of sub-section (2), the proof of submission of return of parent shall be considered as the proof of submission of return of a minor. (4)  Nothing contained in this section shall apply-(a)  to interest or share of profit arising out of any deposit pension scheme sponsored by the Government or by a Bank with prior approval of the Government; or(b)  to such payee or class of payees as the Board may, by a general or special order, specify that income of such payee or class of payee is otherwise exempted from tax.
name: Collection of tax from persons engaged in real estate or land development business
details: 55653FF. Any person responsible for registering any document for transfer of any land or building or apartment, under the provision of Registration Act 1908 (XVI of 1908), shall not register the document unless tax is paid at the following rate by the transferrer who is engaged in real estate or land development business,- 557(a)  in case of building or apartment558,constructed for residential purposes, situated- 559(i) at Gulshan Model Town, Banani, Baridhara, Motijeel Commercial Area and Dilkusha Commercial Area of Dhaka, taka 560one thousand and six hundred per square metre; (ii) at Dhanmondi Residential Area, Defense Officers Housing Society (DOHS), Mahakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment Area, Karwan Bazar Commercial Area of Dhaka and Panchlaish Residential Area, Khulshi Resindential Area, Agrabad and Nasirabad of Chittagong, taka 561one thousand and five hundred per square metre;  562(iii) in areas other than the areas mentioned in sub-clauses (i) and (ii)- A. if the area is within Dhaka South City Corporation, Dhaka North City Corporation and Chittagong City Corporation, taka one thousand per square metre; B. if the area is within any other city corporation, taka seven hundred per square metre; C. any other area, taka three hundred per square metre: Provided that the rate of source tax under clause (a) in respect of a residential apartment shall be twenty percent (20%) lower if the size of the apartment, including common space, is not more than seventy square metre, and forty percent (40%) lower if the size of the apartment, including common space, is not more than sixty square metre.  563(aa) in case of building or apartment or any space thereof, constructed not for the residential purposes, situated-  (i) in areas mentioned under sub-clause (i) of clause (a), taka 564six thousand and five hundred per square metre; (ii) in areas mentioned under sub-clause (ii) of clause (a), taka 565five thousand per square metre; 566(iii) in areas other than the areas mentioned in sub-clauses (i) and (ii)- A. if the area is within Dhaka South City Corporation, Dhaka North City Corporation and Chittagong City Corporation, taka three thousand and five hundred per square metre; B. if the area is within any other city corporation, taka two thousand and five hundred per square metre; C. any other area, taka one thousand and two hundred per square metre.  567(b) in case of land to which the document relates and on which stamp duty is chargeable under the Stamp Act, 1899 (Act No. II of 1899) at the rate of- (i) five percent for Dhaka, Gazipur, Narayanganj, Munshiganj,Manikganj, Narsingdi and Chittagong districts; 	(ii) three percent for any other district.
name: Deduction at source from insurance commission
details: 53G. Any person responsible for paying to a resident any sum by way of remuneration or reward, whether by way of commission or otherwise, for soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct income tax on such sum at the rate of  568five percent  569. ***
name: Deduction at source from fees, etc. of Surveyors of general insurance company
details: 53GG. A person responsible for paying to a resident any sum by way of remuneration or fees for conducting any survey regarding settlement of claim of an insurance shall, at the time of payment, deduct income-tax on such sum at the rate 570571ten per cent
name: Omitted
details: 572***
name: Collection of tax on transfer, etc. of property
details: 57353H. (1) Any registering officer responsible for registering any document of a person under the provisions of clause (b), (c) or (e) of sub-section (1) of section 17 of the Registration Act, 1908 (XVI of 1908) shall not register any document unless tax is paid at such rate as may be prescribed in relation to the property to which the document relates and on which stamp-duty is chargeable under Stamp Act, 1899 (II of 1899) by the person whose right, title or interest is sought to be transferred, assigned, limited or extinguished thereby, at the time of registration of such document: Provided that the rate of tax shall not exceed taka ten lakh and eighty thousand per katha (1.65 decimal) for land, taka six hundred per square meter for any structure, building, flat, apartment or floor space on the land, if any, or four per cent of the deed value, whichever is higher. (2) Nothing in this section shall apply to a document relating to: (a) sale by a bank or any financial institution as a mortgagee empowered to sell; (b) mortgage of any property to any bank or any financial institution of against any loan574; (c) transfer of property to a trust or special purpose vehicle established only for the purpose of issuing sukuk approved by government or Securities Exchange Commission and vice versa. 575***
name: Collection of tax from lease of property.
details: 57653HH.  Any registering officer responsible for registering, under the Registration Act, 1908 (XVI of 1908), any document in relation to any lease of immovable property for not less than ten years shall not register such document unless tax is paid at a rate of four per cent by the lessor on the lease amount of such property.
name: Deduction at source from interest on deposit of Post Office Savings Bank Account.
details: 57753I.Any person responsible for paying any amount on account of interest of Post Office Savings Bank Account shall deduct, at the time of credit to the account of the payee or at the time of payment thereof, whichever is earlier, tax on such amount at the rate of ten percent: 578 * * * Provided 579*** that nothing contained in this section shall apply to such payee or class of payees as the Board may, by a general or special order, specify in this behalf.
name: Deduction at source from rental value of water body or vacant land or plant or machinery.
details: 58153J.  (1) Where any payment is to be made by a specified person to a resident on account of renting 582water body not being government property or using any vacant land or plant or machinery, shall deduct tax at the rate of five per cent from the whole amount of the payment at the time of making such payment to the payee. (2) In this section-(a) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of section 52; (b)  “payment” shall have the same meaning as in clause (d) of sub-section (2) of section 52.
name: Deduction of tax from advertising bill of newspaper or magazine or private television channel or private radio station, etc.
details: 58553K.The Government or any authority, corporation or body, including its units, the activities or the principal activities of which are authorised by any Act, Ordinance, Order or any other Instrument having the force of law in Bangladesh or any company as defined in clause (20) of section (2) or any banking company or any insurance company or any co-operative bank established by or under any law for the time being in force or any non-government organization registered with NGO Affairs Bureau or any university or medical college or dental college or engineering college responsible for making any payment to newspaper or magazine or private television channel 586or 587private radio station or any web site 588or any person on account of advertisement or of purchasing airtime of private television channel or radio station or such web site, shall deduct tax in advance at the time of such payment at the rate of 589four per cent (4%).
name: Omited
details: 590591***
name: Collection of tax from transfer of securities or mutual fund units by sponsor shareholders of a company etc.
details: 53M.The Securities and Exchange Commission or Stock Exchange, as the case may be, at the time of transfer or declaration of transfer or according consent to transfer of securities or mutual fund units of a sponsor shareholder or director or placement holder of a company or sponsor or placement holder of a mutual fund listed with a Stock Exchange shall collect tax at the rate of five per cent on the difference between transfer value and cost of acquisition of the securities or mutual fund units. Explanation.- For the purpose of this section- (1) 'transfer’ includes transfer under a gift, bequest, will or an irrevocable trust; (2) 'transfer value’ of a security or a mutual fund unit shall be deemed to be the closing price of securities or mutual fund units prevailing on the day of consent accorded by the Securities and Exchange Commission or the Stock Exchange, as the case may be, or where such securities or mutual fund units were not traded on the day such consent was accorded, the closing price of the day when such securities or mutual fund units were last traded.
name: Collection of tax from transfer of share of shareholder of Stock Exchanges.
details: 592 53N. (1) The Principal Officer of a stock exchange shall deduct tax at the rate of fifteen per cent on any profits and gains arising from the transfer of share of a shareholder of stock exchange established under ‘‘এক্সচেঞ্জেস ডিমিউচ্যুয়ালাইজেশন আইন, ২০১৩, (২০১৩ সনের ১৫ নং আইন)’’ Exchanges Demutualisation Act, 2013 (Act No. 15 of 2013) at the time of transfer or declaration of transfer or according consent to transfer of such share, whichever is earlier. (2) For the purpose of the computation of profits and gains of share under sub-section (1), the cost of acquisition of such share shall be the cost of acquisition incurred before ‘‘এক্সচেঞ্জেস ডিমিউচ্যুয়ালাইজেশন আইন, ২০১৩, (২০১৩ সনের ১৫ নং আইন)’’ Exchanges Demutualisation Act, 2013 (Act No. 15 of 2013) came into force.
name: Omitted
details: 593***
name: Deduction of tax from any sum paid by real estate developer to land owner
details: 59453P. Deduction of tax from any sum paid by real estate developer to land owner.-Where any person engaged in real estate or land development business pays any sum to the land owner on account of signing money, subsistence money, house rent or in any other form called by whatever name for the purpose of development of the land of such owner in accordance with any power of attorney or any agreement or any written contract, such person shall deduct tax at the rate of fifteen per cent (15%) on the sum so paid at the time of such payment.
name: Collection of Tax from motorvehicles plying commercially
details: 59553Q. (1)The personresponsible for the registration and fitness renewal of motor vehicles shall not register or allow fitness renewal unless, a challan of advance tax at the rate given in the following table is attached with the application: Table Serial No. Description of the vehicle Rate (in taka) 1. Bus having seats exceeding 52 16,000/- 2. Bus having seats not exceeding 52 11,500/- 3. Air conditioned Bus 37,500/- 4. Double decker Bus 16,000/- 5. Air conditioned (AC) Minibus/Coaster 16,000/- 6. Non-AC Minibus/Coaster 6,500/- 7. Prime mover 24,000/- 8. Truck, Lorry or Tank Lorry having payload capacity exceeding five tons 16,000/- 9. Truck, Lorry or Tank Lorry having payload capacity exceeding one and half tons but not exceeding five tons 9,500/- 10. Truck, Lorry or Tank Lorry having payload capacity not exceeding one and half tons 4,000/- 11. Pickup van, human hauler, maxi or auto rickshaw 4,000/- 12. Air conditioned Taxicab 11,500/- 13. Non-AC Taxicab 4,000/- . (2) In case of registration or fitness renewal of a vehicle for more than one year, advance tax under sub-section (1) shall be collected on or before 30th June in every subsequent year or years following the year in which registration or fitness renewal of the vehicle has been done.(3) Where any person fails to pay advance tax in accordance with sub-section (2), the amount of advance tax payable shall be calculated in accordance with A+ B formula, where-A = the amount of advance tax not paid in the previous year or years; andB = the amount of advance tax payable under sub-section (2) for the year in which an asseesee is making the payment.(4) Advance tax under sub-section (2) shall not be collected if the vehicle is owned by-(i) the government and the local government;(ii) a project, programme or activity under the government and the local government;(iii) a foreign diplomat, a diplomatic mission in Bangladesh, United Nations and its offices;(iv) a development partner of Bangladesh and its affiliated office or offices;(v) an educational institution under the Monthly Payment Order of the Government;(vi) a public university;(ix) an institution that has obtained a certificate from the Board that advance tax shall not be collected from it.
name: Collection of tax from inland ships
details: 59653R.  (1)The person responsible for granting a certificate of survey or renewing a certificate of survey under the Inland Shipping Ordinance, 1976 (Ordinance No. LXXII of 1976) shall not grant or renew such certificate of survey unless a challan of advance tax computed at the rate given in the following table is attached with the application:Table Serial No. Description of Vessel Rate (1) (2) (3) 1. Inland ships engaged in carrying passengers in inland water Taka 125 per passenger (carrying capacity of an inland ship shall be the capacity of daytime plying in smooth waters) 2. Cargo, Container (multipurpose) and Coaster engaged in carrying goods in inland water Taka 170 per gross tonnage 3. Dump barge engaged in carrying goods in inland water Taka 125 per gross tonnage. (2) In case of granting a certificate of survey or renewing a certificate of survey for more than one year, advance tax under sub-section (1) shall be collected on or before 30th June in every subsequent year or years following the year in which grant of or renewal of such certificate has been done.(3) Where any person fails to pay advance tax in accordance with sub-section (2), the amount of advance tax payable shall be calculated in accordance with A+ B formula, where-A = the amount of advance tax not paid in the previous year or years; andB = the amount of advance tax payable under sub-section (2) for the year in which an asseesee is making the payment.(4) For the purpose of this section ‘inland ship’ and ‘inland water’ shall have the same meaning as defined in the Inland Shipping Ordinance, 1976 (Ordinance No. LXXII of 1976).
name: Deduction of tax from dividends
details: 59754. Deduction of tax from dividends.- The principal officer of a company registered in Bangladesh, or of any other company, shall, at the time of paying any dividend to a shareholder, deduct tax on the amount of such dividend, in the case of a resident or a non-resident Bangladeshi,-  (a) if the shareholder is a company, at the rate applicable to a company ; (b) if the shareholder is a person other than a company, at the rate of ten per cent (10%) where the person receiving such dividend furnishes his twelve-digit Taxpayer's Identification Number (TIN) to the payer or fifteen per cent (15%) where the person receiving such dividend fails to furnish his twelve-digit Taxpayer's Identification Number (TIN) to the payer598: Provided that the provision of this section shall not be applicable to any distribution of taxed dividend to a company 599*** if such taxed dividend enjoys tax exemption under the provisions of the paragraph 60 of Part A of the Sixth Schedule.
name: Deduction from income from lottery, etc.
details: 55. The person responsible for paying any amount on account of winnings referred to in section 19(13) shall, at the time of making such payment, deduct tax  600payable on the amount at the rate of twenty per cent. Explanation.-For the purpose of this section, the expression “any amount” means the value of any goods or assets where the payment on account of such winnings is made not in the form of cash but in the from of goods or other assets.
name: Deduction from income of non-residents
details: 56. 601(1) Subject to the provisions of sub-section (2), the specified person or any other person responsible for making payment to a non-resident of any amount which constitutes the income of such non-resident chargeable to tax under this Ordinance shall, unless such person is himself liable to pay tax thereon as agent, at the time of making such payment, deduct tax on the amount so payable at the rate, specified below: SL. No Description of services or payments Rate of deduction of tax 1 Advisory or consultancy service 20% 2 Pre-shipment inspection service 20% 3 Professional service, technical services, technical know-how or technical assistance 20% 4 Architecture, interior design or landscape design, fashion design or process design 20% 5 Certification rating etc. 20% 6 Charge or rent for satellite, airtime or frequency, rent for channel broadcast 20% 7 Legal service 20% 8 Management service including event management 20% 10% 9 Commission 20% 10 Royalty, license fee or payments related to intangibles 20% 11 Interest 20% 12 Advertisement broadcasting 20% 13 Advertisement making 602or Digital marketing 15% 14 Air transport or water transport 603 not being the carrying services mentioned in sections 102 or 103A 7.5% 15 Contractor or sub-contractor of manufacturing, process or conversion, civil work, construction, engineering or works of similar nature. 7.5% 16 Supplier 7.5% 17 Capital gain 15% 18 Insurance premium 10% 19 Rental of machinery, equipment etc. 15% 20 604Dividend— (a) company, fund and trust (b) any other person not being a company, fund and trust 20% 20% 21 Artist, singer or player 30% 22 Salary or remuneration 30% 23 23 Exploration or drilling in petroleum operations 5.25% 60524 Survey for coal, oil or gas exploration 5.25% 24A Fees, etc. of surveyors of general insurance company 20% 25 Any service for making connectivity between oil or gas field and its export point 5.25% 26 Any payments against any services not mentioned above 20% 60627 Bandwith payment 10% 28 Any other payments 20% 607Provided that when any capital gain arises from the transfer of any share of a company, the person or the authority, as the case may be, responsible for effecting the transfer of shares shall not give any effect in respect of such transfer if tax on such capital gain has not been paid. 608(2) Where, in respect of any payment under this section, the Board, on an application made in this behalf, is satisfied that due to tax treaty or any other reason the non-resident is not be liable to pay any tax in Bangladesh, or is liable to pay tax at a reduced rate in Bangladesh, the Board may issue a certificate 609within thirty days from the date of receipt of such application accompanied by all the documents as required by the Board to the effect that the payment referred to in sub-section (1) shall be made without any deduction or, in applicable cases, with a deduction at the reduced rate as mentioned in the certificate.  (2A) Tax deducted under this section shall be deemed to be the minimum tax liability of the payee in respect of the income for which the deduction is made, and shall not be subject of refund or set off or an adjustment against a demand. 610(3) For the purpose of this section—(i) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of section 52 of this Ordinance; and(ii) “payment” includes a transfer, a credit, an adjustment of payment or an order or instruction of making payment.
name: Consequences of failure to deduct, collect, etc
details: 61157. (1)Where a person-(a) fails to deduct or collect tax at source as required by or under the provisions of this Chapter; or(b) deducts or collects tax at a lesser rate or in lesser amount; or(c) after deducting or collecting tax under this Chapter, fails to pay the same to the credit of the Government, or pays to the credit of the Government an amount lower than the collected or deducted amount; or(d) fails to comply with any other provision of this Chapter;such person shall be deemed to be an asseesee in default, and without prejudice to any other consequences to which such person may be liable, shall be liable to pay–(i) the amount of tax that has not been deducted or collected; or(ii) the amount which was required to be deducted or collected under this Chapter as reduced by the amount that has been actually deducted or collected; or(iii) the amount that, after being collected and deducted, has not been paid to the credit of the Government; or(iv) a penalty not exceeding Taka ten lakhs for being non-compliant in respect of cases other than the cases mentioned above.(2) In addition to the amount as mentioned in sub-section (1), the person shall also be liable to pay an additional amount at the rate of two percent (2%) per month on the amount other than the penalty as mentioned in clauses (i), (ii) and (iii) of sub-section (1), as the case or cases may be, calculated for the period-(i) in the case of failure to deduct or collect, or of the deduction or collection at lower rate or amount, from the due date of the deduction or collection to the date of the payment of the amount, as mentioned in sub-clauses or (ii) of clause (c) of sub-section (1), as the case may be, to the credit of the Government;(ii) in the case of failure to deposit the amount deducted or collected, from the date of deduction or collection to the date of payment of the amount, as mentioned in sub-clause (iii) of clause (c) of sub-section (1), to the credit of the Government.(3) The period for which the additional amount under subsection (2) is calculated shall not exceed twenty-four months.(4) The Deputy Commissioner of Taxes shall take necessary action for the realisation of the amount and penalty as mentioned in sub-section (1) and the additional amount as mentioned in sub-section (2) from the person referred to in sub-section (1) after giving the person a reasonable opportunity of being heard.(5) Where the person responsible for deducting or collecting tax under this chapter is the Government, or any authority, corporation or body of the Government- including its units or a project or programme or activity where government has any financial or operational involvement-(i) the individuals responsible for approving or allowing the payment; or(ii) the individuals who is responsible for allowing, approving or granting any clearance, registration, license, permits, etc.shall be jointly and severally liable to pay taxes, penalty or additional amount under this section.(6) Where the person responsible for deducting or collecting tax under this chapter is a person other than the Government, or any authority, corporation or body of the Government- including its units or a project or programme or activity where government has any financial or operational involvement-(i) the organization itself; and(ii) the individuals responsible for approving or allowing the paymentshall be jointly and severally liable to pay taxes, penalty or additional amount under this section.(7) No realisation of the amount mentioned in sub-section (1) shall be made if it is established that such amount has meanwhile been paid by the person from whom the deduction or collection was due.
name: Consequences of the issuance of certificate of tax deduction or collection without actual deduction, collection or payment
details: 61257A. (1) Where a person issues a certificate of deduction or collection of tax at source without actual deduction or collection or payment to the credit of the Government, without prejudice to any other consequences to which he may be liable, the person shall be personally liable to pay the amount not being deducted, collected or paid to the credit of the Government. (2) The Deputy Commissioner of Taxes shall take necessary action for the collection of amount mentioned in sub-section (1) from the person so personally liable after giving the person a reasonable opportunity of being heard.
name: Certificate of deduction, etc. of tax
details: 61358. (1) Every person who has deducted or collected any tax under this Chapter shall furnish, to the person from whom such deduction or collection has been made, a certificate of tax deduction or collection specifying therein- (a) the name and the Taxpayer’s Identification Number, if any, of the person from whom tax has been deducted or collected; (b) the amount of deduction or collection of taxes; (c) section or sections under which tax has been deducted or collected; (d) the particulars of the payment of deducted or collected amount to the credit of the Government; and (e) such other particulars as may be prescribed. (2) The Board may, by notification in the official Gazette, - (a) specify 614the cases in which the certificate of tax deduction or collection shall be generated or furnished electronically or in any other machine readable or computer readable media; (b) specify the manner in which such electronic, machine readable or computer readable certificate shall be generated or furnished.  615 (3) Every person who has deducted or collected any tax under this Chapter shall furnish a statement to such income tax authority and in such manner as may be prescribed.
name: Payment to Government of tax deducted
details: 59. All sums deducted or collected as tax under the provisions of this Chapter shall be paid within the prescribed time by the person making the deduction or collection to the credit of the Government or as the Board may direct.
name: Unauthorised deduction prohibited
details: 60. Save as provided in this Ordinance, no person shall charge, withhold, deduct or collect any sum, directly or indirectly, as tax and, where any sum is so charged, withheld, deducted or collected, it shall be paid in the manner provided in section 59.
name: Power to levy tax without prejudice to other mode of recovery
details: 61. The power to levy tax by deduction or collection under this Chapter shall be without prejudice to any other mode of recovery.
name: Credit of tax deducted or collected at source
details: 62. Any deduction or collection of tax made and paid to the account of the Government in accordance with the provisions of this Chapter shall be treated as a payment of tax on behalf of the person from whose income the deduction or collection was made, or of the owner of the security or of the shareholder, as the case may be, and credit shall be given to him therefore on the production of the certificate furnished 616, along with the proof of payment of such tax to the account of the Government, under section 58 in the assessment, if any, made for the following year under this Ordinance: Provided that, if such person or such owner obtains, in accordance with the provisions of this Ordinance, a refund of any portion of the tax so deducted, no credit shall be given for the amount of such refund: Provided further that where such person or owner is a person whose income is included under the provisions of sections 43(4) or (5) or section 104 or 105 or 106 in the total income of another person, such other person shall be deemed to be the person or owner on whose behalf payment has been made and to whom credit shall be given in the assessment for the following year. 617* * *
name: Omitted
details: 618***
name: Payment of tax where no deduction is made
details: 63. The tax under this Ordinance shall be payable by the assessee direct- (a) 	in any case where tax has not been deducted or collected as required by, and in accordance with, the provisions of this Chapter; (b) 	in any case where the amount deducted or collected is found, after regular assessment, to be less than the tax due from the assessee, to the extent of deficiency; and  (c) 	in the case of income in respect of which no provision has been made for deduction or collection of tax under the provisions of this Chapter.
name: Advance payment of tax
details: 64. (1) Except as provided in sub-section (2), tax shall be payable by an assessee during each financial year by way of advance payment of tax, hereinafter referred to as “advance tax”, in accordance with the provisions hereafter made in this Chapter if the total income of the assessee for the latest income year in respect of which he has been assessed by way of regular assessment or has been provisionally assessed under this Ordinance or the Income-tax Act, 1922 (XI of 1922), exceeds 619620six lakh taka. (2) Nothing in sub-section (1) shall apply to any income classifiable under the heads “Agricultural income” and “Capital gains” 621excluding gain from transfer of share of a company listed with a stock exchange.
name: Computation of advance tax
details: 65. (1) The 622The minimum amount of advance tax payable by an assessee in a financial year shall be the amount equal to the tax payable on his total income of the latest income year as assessed on regular basis or provisionally, as the case may be, as reduced by the amount of tax required to be deducted or collected at source in accordance with the preceding provisions of this Chapter. (2) The tax payable under sub-section (1) shall be calculated at the rates in force in respect of the financial year referred to therein.
name: Instalments of advance tax
details: 66. Advance tax shall be payable in four equal instalments on the fifteenth day of September, December, March and June of the financial year for which the tax is payable  623: Provided that, if before the fifteenth day of May of the year, an assessment of the assessee is completed in respect of an income year, later than that on the basis of which the tax was computed under section 65, the assessee shall  pay  in  one instalment on the specified date or in equal instalments on the specified dates, if more than one falling after the date of the said assessment, the tax computed on the revised basis as reduced by the amount, if any, paid in accordance with the original computation.
name: Estimate of advance tax
details: 67. (1) Where, an assessee who is required to pay advance tax under section 64 estimates, at any time before the last instalment is due, that the tax payable by him for the relevant assessment year is likely to be less than the amount of tax as computed under section 65, he may, after giving to the Deputy Commissioner of Taxes an estimate of the tax payable by him, pay such estimated amount of advance tax, as reduced by the amount, if any, already paid, in equal instalments on the due dates of payment under section 66. (2) The assessee may furnish a revised estimate of such amount at any time before any of such instalments become payable and may thereby adjust any excess or deficiency, by reference to the amount already paid by him under this section, in any subsequent instalment or instalments payable in such financial year.
name: Advance payment of tax by new assessees
details: 68. Any person who has not previously been assessed by way of regular assessment under this Ordinance or the Income-tax Act, 1922 (XI of 1922), shall before the fifteenth day of June in each financial year, if his total income, subject to section 64(2), of the period which would be the income year for the immediately following assessment year is likely to exceed 624625six lakh taka, send to the Deputy Commissioner of Taxes an estimate of his total income and advance tax payable by him calculated in the manner laid down in section 65 and shall pay such amount on such dates specified in section 66 as have not expired by instalments which may be revised according to section 67(2).
name: Advance tax on certain income
details: 62668A. (1) A manufacturer of cigarette shall pay advance tax at the rate of three percent (3%) on net sale price in every month. (2) The advance tax paid under sub-section (1) shall be adjustable against the quarterly installments of advance tax payable under section 66. Explanation.-In this section, “net sale” shall be A- B, where, A is the gross sale and B is the value added tax and the supplementary duty, if any, on such gross sale.
name: Advance tax for the owners of private motor car
details: 68B. (1) Every person owning a private motor car shall be deemed to have an income by which the motor car is maintained and shall pay advance income tax to be collected at the rate and in the manner as mentioned in sub-section (2).(2) Subject to the provision of sub-section (3), the authority responsible for the registration and fitness renewal of motor car shall collect, on or before the date of registration or fitness renewal of the motor car, advance tax at the following rate-627Table Serial No. Type and engine capacity of motor car Amount of tax (in taka) 1 A car or a jeep, not exceeding 1500cc or 75kw 25,000/- 2 A car or a jeep, exceeding 1500cc or 75kw but not exceeding 2000cc or 100 kw 50,000/- 3 A car or a jeep, exceeding 2000cc or 100 kw but not exceeding 2500cc or 125 kw 75,000/- 4 A car or a jeep, exceeding 2500cc or 125 kw but not exceeding 3000cc or 150 kw 1,25,000/- 5 A car or a jeep, exceeding 3000cc or 150 kw but not exceeding 3500cc or 175 kw 1,50,000/- 6 A car or a jeep, exceeding 3500cc or 175 kw 2,00,000/- 7 A microbus 30,000/- Provided that the rate of tax shall be fifty percent (50%) higher for each additional motor car if the owner has two or more motor cars in his name or in joint names with other person or persons. 628(2A) In case of registration or fitness renewal of motor car for more than one year, advance tax under sub-section (2) shall be collected on or before 30th June in every subsequent year or years following the year in which registration or fitness renewal of motor car has been done.(2B) Where any person fails to pay advance tax in accordance with sub-section (2A), the amount of advance tax payable shall be calculated following A+B formula, where-A = the amount of advance tax not paid in the previous year or years; andB = the amount of advance tax payable under sub-section (2) for the year in which an assessee is making the payment. (3) Advance tax under sub-section (2) shall not be collected if the motor car is owned by-(i) the government and the local government;(ii) a project, programme or activity under the government and the local government;(iii) a foreign diplomat, a diplomatic mission in Bangladesh, United Nations and its offices;(iv) a development partner of Bangladesh and its affiliated office or offices;(v) an educational institution under the Monthly Payment Order of the Government;(vi) a public university;(vii) any entity that is not a person as defined under clause (46) of section (2) of this Ordinance;(viii) a gazetted war-wounded freedom fighter; or(ix) an institution that has obtained a certificate from the Board that advance tax shall not be collected from it.(4) Where a person pays advance tax under sub-section (2), and the income from regular sources of the person results in a tax liability less than the said advance tax, the income of such person shall be deemed to be the amount that results a tax liability equal to the said advance tax.(5) The advance tax paid under sub-section (2) shall not be refundable.(6) In this section-629a) “motor car” includes a jeep or a microbus but does not include a motor vehicle mentioned in section 53Q and a motor cycle.(b) income from regular sources means income from any source other than the sources mentioned in sub-section (2) of section 82C.
name: Failure to pay instalments of advance tax
details: 69. Where, an assessee who is required to pay advance tax fails, to pay any instalment of such tax, as originally computed or as the case may be, estimated, on the due date, he shall be deemed to be an assessee in default in respect of such instalment.
name: Levy of interest for failure to pay advance tax
details: 70. Where, in respect of an assessee who is required to pay advance tax, it is found in the course of regular assessment that advance tax has not been paid in accordance with the provisions of this Chapter, there shall be added, without prejudice to the consequences of the assessee being in default under section 69, to the tax as determined on the basis of such assessment, simple interest thereon calculated at the rate and for the period specified in section 73.
name: Credit of advance tax
details: 71. Any sum, other than a penalty or interest, paid by or recovered from an assessee as advance tax, shall be treated as a payment of tax in respect of the income of the period which would be the income year for an assessment for the year next following the year in which it was payable and shall be given credit for in the assessment of tax payable by the assessee.
name: Interest payable by Government on excess payment of advance tax
details: 72. (1) The Government shall pay simple interest at  630ten per cent per annum on the amount by which the aggregate sum of advance tax paid during a financial year exceeds the amount of tax payable by him as determined on regular assessment. (2) The period for which interest under sub-section (1) shall be payable shall be the period from the  631first day of July of the year of assessment to the date of regular assessment in respect of the income of that year or a period of two years from the said  632first day of July, whichever is shorter.
name: Interest payable by the assessee on deficiency in payment of advance tax
details: 63373. (1) Where in any financial year advance tax paid by an assessee together with the tax deducted or collected at source, if any, under this Chapter is less than seventy-five percent (75%) of the amount of tax payable by him as determined on regular assessment, the assessee shall pay, in addition to the balance of tax payable by him, simple interest at the rate of ten percent (10%) per annum on the amount by which the tax so paid, deducted and collected falls short of the seventy five percent (75%) of the assessed tax: Provided that the rate of interest shall be fifty percent (50%) higher if the return is not filed on or before the Tax Day. (2) The period for which the interest under sub-section (1) is payable shall be the period from the first day of July next following the financial year in which the advance tax was applicable to the date of regular assessment in respect of the income of that year or a period of two years from the said first day of July, whichever is shorter. (3) Notwithstanding anything contained in sub-sections (1) and (2), where- (a) tax is paid under section 74; or (b) provisional assessment has been made under section 81 but regular assessment has not been made, the simple interest shall be calculated in accordance with the following provisions- (i) up to the date or dates on which tax under section 74 or as provisionally assessed, was paid; (ii) thereafter, such simple interest shall be calculated on the amount by which the tax so paid falls short of the said seventy five percent (75%) of the assessed tax. (4) Where as a result of appeal, revision or reference the amount on which interest was payable under sub-section (1) has been reduced, the amount of interest payable shall be reduced accordingly and the excess interest paid, if any, shall be refunded together with the amount of tax that is refundable. Explanation.-For the removal of doubts, it is hereby declared that in this section, “regular assessment” includes 634the acceptance of revised return or the assessment made as a result of the audit under section 82BB(7).
name: Delay Interest for not filing return on or before the Tax Day
details: 73A. (1) Where an assessee is required to file a return of income for an assessment year under section 75 and fails to file the same before the expiry of the Tax Day, the assessee shall, without prejudice to any other consequences to which he may be liable to, pay a delay interest at the rate of two percent (2%) per month on the difference between the tax assessed on total income for the assessment year and the tax paid in advance for the assessment year including the tax deducted or collected at source; Explanation.-In this section, the expression “tax assessed on total income” as mentioned in 635*** sub-section (1) means- 636(i) where the return is subject to assessment under section 82BB, if tax under any other sub-section of section 82BB is higher than the tax under sub-section (1) of that section, the higher tax; (ii) where the return is not subject to assessment under section 82BB, tax on total income as assessed by the Deputy Commissioner of Taxes. (2) The delay interest under sub-section (1) shall be calculated for a period from the first day immediately following the Tax Day to- (a) where the return is filed, the date of filing the return; (b) where the return is not filed, the date of regular assessment: Provided that the period for calculating delay interest under this section shall not exceed one year: Provided further that the delay interest under this section shall not be payable by an assessee for whom the proviso of sub-section (5) of section 75 applies.
name: Payment of tax on the basis of return
details: 74. 637 (1) Every person who is required to file a return under section 75, 77, 78, 89(2), 91(3) or 93(1) shall, on or before the date on which he files the return, pay the amount of tax payable by him on the basis of such return or as per provision of 638sub-section (4) of section 82C, which ever is higher, as reduced by the amount of any tax deducted from his income or paid by him in accordance with the provisions of this  Chapter. (2) Any amount paid under sub-section (1) shall be deemed to have been paid towards the sum as may be determined to be payable by him after regular assessment. (3) A person who, without reasonable cause, fails to pay the tax as required by sub-section (1) shall be deemed to be an assessee in default.
name: Return of income
details: 63975.(1) Subject to the provisions of sub-section (2), every person shall file or cause to be filed, with the Deputy Commissioner of Taxes, a return of income of the income year – (a) if the total income of the person during the income year exceeds the maximum amount that is not chargeable to tax under this Ordinance; or (b) if such person was assessed to tax for any one of the three years immediately preceding that income year; or (c) if the person is- (i) a company; or (ii) a non-government organisation registered with NGO Affairs Bureau; or (iii) a co-operative society; or (iv) a firm; or (v) an association of persons; or (vi) a shareholder director or a shareholder employee of a company; or (vii) a partner of a firm; or (viii) an employee of the government or an authority, corporation, body or units of the government or formed by any law, order or instrument being in force, if the employee, at any time in the income year, draws a basic salary of taka sixteen thousand or more; or 640(ix) an employee holding an executive or a management position in a business or profession; or 641(x) a Micro Credit Organisation having licence with Micro Credit Regulatory Authority; or(xi) a non-resident having permanent establishment in Bangladesh. (d) if the person, not being an institution established solely for charitable purpose or a fund, has an income during the income year which is subject to tax exemption or lower tax rate under section 44; or (e) if the person, at any time during the relevant income year fulfills any of the following conditions, namely:- (i) owns a motor car; or (ii) owns a membership of a club registered under 642any law governing value added tax; or (iii) runs any business or profession having trade license from a city corporation, a paurashava or a union parishad; or (iv) has registered with a recognized professional body as a doctor, dentist, lawyer, chartered accountant, cost and management accountant, engineer, architect or surveyor or any other similar profession; or (v) has registered with the Board as an income tax practitioner; or (vi) has a membership of a chamber of commerce and industries or a trade association or body; or (vii) runs for an office of any paurashava, city corporation, or a Member of Parliament; 643or (viii) participates in a tender floated by the government, semi-government, autonomous body or a local authority; or (ix) serves in the board of directors of a company or a group of companies 644; or 645(x) participates in a shared economic activities by providing motor vehicle, space, accommodation or any other assets; or  (xi)  owns any licensed arms; or 646(f) if such person is required to furnish proof of submission of return under section 184A: Provided that any non-resident Bangladeshi may file his return of income along with bank draft equivalent to the tax liability, if any, on the basis of such return, to his nearest Bangladesh mission and the mission will issue a receipt of such return with official seal and send the return to the Board.  647 (2) A return of income under sub-section (1) shall not be mandatory for-(i) an educational institution that receives government benefits under Monthly Payment Order (MPO) and does not have english version curriculum; or(ii) a public university; or(iii) a recognized provident fund, an approved gratuity fund, a pension fund, an approved superannuation fund; or(iv) a non-resident individual having no fixed base in Bangladesh; or(v) any class of persons which the Board may, by order in official gazette, exempt from filing the return. (3) Subject to the provision of sub-section (4), the return under sub-section (1) shall be- (a) furnished in the prescribed form setting forth therein such particulars and information, and accompanied by such schedules, statements, accounts, annexures or documents as may be prescribed; (b) signed and verified- (i) in the case of an individual, by the individual himself; where the individual is absent from Bangladesh, by the individual concerned or by some person duly authorised by him in this behalf; and when the individual is mentally incapacitated from attending to his affairs, by his guardian or by any other person competent to act on his behalf; (ii) in the case of a Hindu undivided family, by the Karta, and, where the Karta is absent from Bangladesh or is mentally incapacitated from attending to his affairs, by any other adult member of such family; (iii) in the case of a company or a local authority, by the principal officer thereof; (iv) in the case of a firm, by any partner thereof, not being a minor; (v) in the case of any other association, by any member of the association or the principal officer thereof; (vi) in the case of any other person, by that person or by any person competent to act on his behalf; (c) accompanied by- (i) in the case of individual, statements of assets, liabilities and life style as required under section 80; (ii) in the case of a company, an audited statement of accounts and a computation sheet explaining the difference between the profit or loss shown in the statement of accounts and the income shown in the return. (4) The Board may, by notification in the official Gazette, - (a) specify that any return required to be filed under this section shall be filed electronically or in any other machine readable or computer readable media; (b) specify the form and the manner in which such electronic, machine readable or computer readable returns shall be filed. (5) Every return under this section shall be filed, unless the date is extended under sub-section (6), on or before the Tax Day: Provided that an individual being Government official engaged in higher 648education or training on deputation or leave or employed under lien outside Bangladesh shall file return or returns for the period of such deputation or lien, at a time, within three months from the date of his return to Bangladesh. (6) The last date for the submission of a return for a person may be extended by the Deputy Commissioner of Taxes upon the application by the person in the prescribed form: Provided that the Deputy Commissioner of Taxes may extend the date up to two months from the date so specified and he may further extend the date up to two months with the approval of the Inspecting Joint Commissioner.
name: Return of withholding tax
details: 75A. (1) Every person, being a company or a co-operative society or a non-government organization registered with NGO Affairs Bureau 649a Micro Credit Organisation having licence with Micro Credit Regulatory Authority, 650a university, a private hospital, a clinic, a diagnostic centre, 651an English medium school providing education following international curriculum, artificial juridical person, local authority, a firm or an association of persons, shall file or cause to be filed, with the Deputy Commissioner of Taxes under whose jurisdiction he is an assessee, a return of tax deducted or collected under the provisions of Chapter VII of this Ordinance. (2) The return under sub-section (1) shall be- (a) furnished in the prescribed form setting forth therein such particulars and information, and accompanied by such schedules, statements, accounts, annexures or documents as may be prescribed; (b) signed and verified in the manner as specified in 652clause (b) of sub-section (3) of section 75; (c) filed half-yearly by the following dates- (i) First return: by Thirty-first January of the year in which the deduction or collection was made; (ii) Second return: by Thirty-first July of the next year following the year in which the deduction or collection was made: Provided that the last date for the submission of a return as specified in this sub-section may be extended by the Deputy Commissioner of Taxes upto fifteen days from the date so specified. (3) The Board may, by notification in the official Gazette,- (a) specify 653the cases in which the return required to be filed under this section shall be filed electronically or in any other machine readable or computer readable media; (b) specify the form and the manner in which such electronic, machine readable or computer readable returns shall be filed.
name: Audit of the return of withholding tax
details: 75AA. (1) The Deputy Commissioner of Taxes, with the approval of the 654Commissioner, shall select a number of returns of withholding tax filed under section 75A for audit. (2) The Deputy Commissioner of Taxes shall conduct the audit of the selected return in respect of the following matters- (a) whether the tax has been deducted or collected at the rate, in the amount and in the manner as provided in Chapter VII of this Ordinance and the rules made thereunder; (b) whether the tax collected or deducted has been paid to the credit of the Government, or has been paid in accordance with the manner and within the time as prescribed; (c) whether the certificate of tax deduction or collection has been furnished in accordance with the provisions of this Ordinance. (3) Where an audit under sub-section (2) results in findings that the provisions of this Ordinance in respect of the matters mentioned in clauses (a), (b) or (c) of sub-section (2) have not complied with, the Deputy Commissioner of Taxes conducting the audit may take necessary actions under this Ordinance, including the actions under sections 57, 57A and 124. (4) No return shall be selected for audit after the expiry of four years from the end of the year in which the return was filed.
name: Obligation to furnish Annual Information Return.
details: 65575B.(1) Government may, by notification in the official gazette, require any person or group of persons responsible for registering or maintaining books of account or other documents containing a record of any specified financial transaction, under any law for the time being in force, to furnish an Annual Information Return, in respect of such specified financial transaction. (2) The Annual Information Return referred to in sub-section (1) shall be furnished to the Board or any other income tax authority or agency, in such form, manner and within such time as may be prescribed.
name: Concurrent jurisdiction.
details: 65675C.Board may, by general or a special order in writing, direct that in respect of all or any proceedings relating to receiving of return of income and issuance of acknowledgement thereof in accordance with the provisions of section 75, 77, 78, 89(2), 91(3) or 93(1), the powers and functions of the Deputy Commissioner of Taxes shall be concurrently exercised by such other authority as may be specified by the Board.
name: Omitted
details: 657***
name: Notice of filing return
details: 77.  658(1) The Deputy Commissioner of Taxes may, at any time after expiry of the date specified in section 75, by a notice in writing, require – (a) 	any person, other than a company, to file a return of his total income as provided in that section if, in the opinion  of the Deputy Commissioner of Taxes the total income of such person was, during the income year, of such amount as to render liable to tax; (b) 	any company to file a return of its total income, if it is not filed. (2) The return under sub-section (1) shall be filed within such period, not being less than  659twenty-one days, as may be specified in the notice or which such extended period as the Deputy Commissioner of Taxes may allow.
name: Filing of revised return
details: 78. Any person who has not filed a return as required by section 75 or 77 or who, having filed return, discovers any omission or incorrect statement therein, may, without prejudice to any liability which he may have incurred on this account, file a return or a revised return, as the case may be, at any time before the assessment is made.
name: Production of accounts and documents, etc
details: 660 79. (1)The Deputy Commissioner of Taxes may by notice in writing require an assessee, who has filed a return under Chapter VIII or to whom a notice has been issued to file a return, to produce or cause to be produced such accounts, statements, documents, data or electronic records, not being earlier than three years prior to the income year, as he may consider necessary for the purpose of audit or assessment under this Ordinance. (2) The Deputy Commissioner of Taxes may specify in the notice that the accounts, statements, documents, data or electronic records or any part thereof shall be produced in such electronic form or by such electronic media as may be mentioned in the notice. (3) The accounts, statements, documents, data or electronic records shall be produced on or before the date as may be specified in the notice. (4) In this section- (a) “return” includes a revised return or an amended return; (b) “data” includes “উপাত্ত” as defined in clause (10) of section 2 of তথ্য ও যোগাযোগ প্রযুক্তি আইন, ২০০৬ (২০০৬ সনের ৩৯ নং আইন);  (c) “electronic record” and “electronic form” shall have the same meaning as assigned to “ইলেকট্রনিক রেকর্ড” and “ইলেকট্রনিক বিন্যাস” respectively in clauses (7) and (5) of section 2 of তথ্য ও যোগাযোগ প্রযুক্তি আইন, ২০০৬ (২০০৬ সনের ৩৯ নং আইন)।
name: Statements of assets, liabilities and life style
details: 80. 661(1) Every individual assessee, being resident Bangladeshi, shall furnish in the forms and manners as prescribed, a statement in respect of all 662local and global assets and liabilities of the person or the spouse, minor children and dependents of the person as on the last date of the income year if the person-(a) has, in the last date of the income year, a gross wealth exceeding taka forty lakh; or(b) owns a motor car; or(c) has made an investment in a house property or an apartment in the city corporation area.(2) Every individual assessee who, under sub-section (1) is not required to submit the statement may voluntarily submit such statement.(3) Every individual assessee, being a non-resident Bangladeshi, shall submit the statement referred in sub-section (1) only in respect of assets located in Bangladesh.Every individual assessee, being a non-Bangladeshi, shall submit the statement referred in sub-section (1) only in respect of assets located in Bangladesh.(5) Every individual assessee, whose total income does exceed Taka four lakh as on the last date of the income year shall furnish, in the forms and manners as prescribed, a statement of expenses relating to the life style of the person.(6) Every individual assessee, being a shareholder director of a company, shall furnish, irrespective of the total income, in the forms and manners as prescribed, a statement of expenses relating to the life style of the person.(7) Where any statement as mentioned in sub-section (1) or in sub-section (5) is not submitted by a person being an individual, the Deputy Commissioner of Taxes may require, by notice in writing, to submit the same by person within the time as mentioned in the notice.
name: Provisional assessment
details: 81. (1) The Deputy Commissioner of Taxes may, at any time after the first day of July of the year for which the assessment is to be made, proceed to make, in a summary manner, a provisional assessment of the tax payable by the assessee on the basis of the return and the accounts and documents, if any, accompanying it and where no return has been filed, on the basis of the last assessment including an assessment under this section. (2) In making a provisional assessment under this section, the Deputy Commissioner of Taxes shall- (a) 	rectify any arithmetical errors in the return, accounts and documents; (b) 	allow, on the basis of the information available from the return, accounts and documents, such allowances as are admissible under the Third Schedule and any loss carried forward under section 38 or 39 or 41. (3) For the purposes of payment and recovery, the tax as determined to be payable upon provisional assessment shall have effect as if it were determined upon regular assessment. (4) The tax paid or deemed to have been paid under Chapter VII, in respect of any income provisionally assessed under sub-section (1), shall be deemed to have been paid towards the provisional assessment. (5) Any amount paid or deemed to have been paid towards provisional assessment under this section shall be deemed to have been paid towards  regular  assessment;  and  the  amount  paid  or deemed to have been paid towards provisional assessment in excess of the amount found payable after regular assessment shall be refunded to the assessee. (6) Nothing done or suffered by reason or in consequence of any provisional assessment made under this section shall prejudice to the determination on merit of any issue which may arise in the course of regular assessment. (7) There shall be no right of appeal against a provisional assessment under this section.
name: Assessment on correct return.
details: 66382.Where a return or a revised return has been filed under Chapter VIII and the Deputy Commissioner of Taxes is satisfied, without requiring the presence of the assessee or the production of any evidence, that the return is correct and complete, he shall assess the total income of the assessee and determine the tax payable by him on the basis of such return and communicate the assessment order to the assessee within thirty days next following: Provided that- (a) such return shall be filed on or before the date specified in 664sub-section (5) of section 75; (b) the amount of tax payable shall be paid on or before the date on which the return is filed;665* * * (c) such return does not show any loss or lesser income than the last assessed income, or assessment on the basis of such return does not result in refund 666; and (d)  such return shall mention twelve-digit Taxpayer's Identification Number.
name: Assessment under simplified procedure
details: 66782A. Where an assessee, other than a public company as defined in the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন), who has previously been assessed for any assessment year ended on or before the thirtieth day of June, 1995, files a return showing income for the income year relevant to the assessment year commencing on or after the first day of July, 1995 and ending on or before the thirtieth day of June, 1997 and the income shown in such return is higher by not less than ten per cent over the last assessed income and has also increased by at least a further sum of ten per cent for each preceding assessment year in respect of which the assessment is pending, the return filed by the assessee shall be deemed to be correct and complete and the Deputy Commissioner of Taxes shall assess the total income of the assessee on the basis of such return and determine the tax payable by him  668on the basis of such assessment, and communicate the assessment order to the assessee within thirty days next following, provided- (a) 	he has, at the time of filing such return made payment of the tax on the basis of the return or taka twelve hundred, whichever is higher, and the assessment on the basis of such return shall not result in any refund; 669* * * 670(b) the net accretion of his wealth, if he is not required to submit statement of assets and liabilities under 671clause (c) of sub-section (3) of section 75, along with his disclosed family expenses and taxes paid during the year, shall not exceed the income disclosed for the year and the income or receipt, if any, exempted from tax672; and (c) such return contains twelve-digit Taxpayer's Identification Number (TIN).
name: 82B Omitted
details: 673***
name: Universal Self Assessment
details: 67482BB. (1) Where an assessee files a return of income mentioning twelve-digit Taxpayer's Identification Number (TIN) in compliance with the conditions and within the time specified in section 75 and pays tax in accordance with the provision of section 74, he shall be issued by the Deputy Commissioner of Taxes or any other official authorised by him, an acknowledgment of receipt of the return and such acknowledgment shall be deemed to be an order of assessment of the Deputy Commissioner of Taxes. (2) The Deputy Commissioner of Taxes shall process the return filed under sub-section (1) in the following manner, namely:- (a) income shall be computed after making the adjustments in respect of any arithmetical error in the return or any incorrect claim which is apparent from the existence of any information in the return or in any statement or document filed therewith; (b) tax and any other amount payable under this Ordinance shall be computed on the basis of the income computed under clause (a); and (c) the sum, payable by or refundable to the assesse, shall be determined after giving credit of the sum paid by way of advance tax including the tax paid at source and the tax paid under this Ordinance. (3) Where the process of return results in a difference in the amount of income, tax or other material figures than the amount mentioned in the return filed under sub-section (1), the Deputy Commissioner of Taxes shall serve a notice to the assessee- (a) communicating him about the difference and enclosing with the notice a sheet of computation of income, tax, refund or other related particulars that resulted from the process of return; (b) giving him an opportunity to explain his position in writing within the time specified in the notice where the process of return results in additional liability or in reduction of refund, as the case may be; and (c) giving him an opportunity to- (i) file an amended return, in the applicable cases, within the time specified in the notice, addressing the difference mentioned in the notice; and (ii) pay, within the time specified in the notice, the tax and any other amount that becomes payable as a result of the process; (4) Where a notice under sub-section (3) is served, the Deputy Commissioner of Taxes shall- (a) send a letter of acceptance of amended return within 675ninety days where all of the following conditions are fulfilled- (i) an amended return is filed in accordance with the provision of clause (c) of sub-section (3); (ii) any tax or any other amount, payable under this Ordinance as a result of the process, has been paid on or before the submission of the amended return; and (iii) the difference mentioned in sub-section (3) has been duly resolved in the return; (b) serve, after the expiry of the date of response of the assessee as mentioned in the notice under sub-section (3), a notice of demand along with a sheet of computation of income, tax, refund or other related particulars where any of the conditions mentioned in clause (a) is not fulfilled: Provided that a notice of demand shall be served within 676 nine months from the date of serving notice under sub-section (3). (5) Where, after filing the return under sub-section (1), the assessee finds that owing to any unintentional mistake the tax or any other amount payable under this Ordinance has been paid short or computed short by reasons of underreporting of income or overreporting of rebate, exemption or credit or for any other reasons, he may file to the Deputy Commissioner of Taxes an amended return- (a) attaching with the amended return a written statement mentioning the nature and the reason for the mistake; (b) paying in full, on or before filing the amended return - (i) the tax and any other amount that was paid short or computed short; and (ii) an interest at the rate of two percent (2%) per month on the amount mentioned in sub-clause (i); and if the Deputy Commissioner of Taxes is satisfied that the amended return is filed in compliance with the conditions mentioned in clause (a) and (b), he may allow the amended return: Provided that no amended return shall be allowed- (a) after the expiry of one hundred and eighty days from the date of filing the original return under sub-section (1); or (b) after the original return has been selected for audit under sub-section (7). (6) No notice under sub-section (3) shall be served after the expiry of twelve months from the date of the submission of return under sub-section (1) or amended return under sub-section (5), as the case may be. (7) The Board or any authority subordinate to the Board, if so authorised by the Board in this behalf, may select, in the manner to be determined by the Board, a number of returns filed under sub-section (1) or of amended returns accepted under clause (a) of sub-section (4) or of amended returns allowed under sub-section (5), and refer the same to the Deputy Commissioner of Taxes for the purpose of audit: Provided that a return filed or an amended return accepted or allowed under this section shall not be selected for audit where- (a) such return or amended return 677except the return of income of a financial institution shows at least fifteen percent (15%) higher total income than the total income assessed in the immediately preceding assessment year; and (b) such return or amended return- (i) is accompanied by corroborative evidence in support of income exempted from tax; (ii) is accompanied by a copy of bank statement or account statement, as the case may be, in support of any sum or aggregate of sums of loan exceeding taka five lakh taken other than from a bank or financial institution; (iii) does not show the receipt of gift during the year; (iv) does not show any income which is subject to tax exemption or reduced tax rate under section 44; or (v) does not show or result any refund 678; and (c) the assessee has complied with the provisions of sections 75A, 108 and 108A. (8) Where after conducting the audit the Deputy Commissioner of Taxes is satisfied that the affairs of the assessee has not been duly reflected in the return or the amended return or in statements and documents submitted therewith, he shall communicate the findings of the audit to the assessee and serve a notice requiring him to file a revised return reflecting the findings of the audit, and pay tax and any other applicable amount on the basis of the revised return on or before the filing of such revised return. (9) Where a revised return is filed and the Deputy Commissioner of Taxes is satisfied that the findings of audit has been duly reflected in the revised return and the tax and any other applicable amount have been fully paid in compliance with the provision of sub-section (8), he may accept the revised return and issue a letter of acceptance to the assessee. (10) Where after the service of notice under sub-section (8) no revised return is filed or the revised return that has been filed does not reflect the findings of the audit, or tax or other applicable amount has not been paid in compliance with the provisions of sub-section (8), the Deputy Commissioner of Taxes shall proceed to make assessment under section 83 or 84, whichever is applicable. (11) In the case of a return submitted under sub-section (1), no question as to the source of initial capital of the business or profession of a new assessee shall be raised, if the assessee- (a) shows income which exceeds the tax exemption threshold and which is not less than twenty percent (20%) of the initial capital invested in the business or profession; (b) pays tax on such income at regular tax rate along with any other applicable amount on or before filing of return; and (c) mentions in writing that the return falls under this sub-section. (12) In the case of a return for which the provision of sub-section (11) applies, the minimum amount of capital maintained in the business or profession at the end of the income year and four subsequent income years shall be equal to the initial capital; andany amount of shortfall of the capital in any income year shall be deemed as "income from business or profession" for that income year and shall be included in total income of the assessee. (13) For the purpose of this section- (a) a return includes any statement required to be filed under section 80; (b) “an incorrect claim which is apparent from the existence of any information in the return or in any statement or document filed therewith” shall mean a claim, on the basis of an entry, in the return or in the statement or document submitted with the return- (i) of an item, which is inconsistent with another entry of the same, or some other item, in such return, statement or document; or (ii) in respect of a deduction, exemption, rebate or credit, where such deduction, exemption, rebate or credit exceeds the specified statutory limit which may have been expressed as monetary amount, percentage, ratio or fraction; (c) “regular tax rate” means the rate of tax that would be applicable if the tax exemption or the reduced rate were not granted; (d) in calculating fifteen percent (15%) higher total income, the income from the sources that are common between the assessment years for which the return under sub-section (1) has been filed and the immediately preceding assessment year shall be considered.
name: Minimum Tax
details: 67982C. (1) Notwithstanding anything contained in any other provisions of this Ordinance, minimum tax shall be payable by an assessee in accordance with the provisions of this section. (2) Minimum tax on income on sources from which tax has been deducted or collected under certain sections shall be the following- (a) any tax deducted or collected at source under the provisions of sections mentioned in clause (b) shall be the minimum tax on income from the source or sources for which tax has been deducted or collected; (b) the tax referred to in clause (a) shall be the tax deducted or collected under sections 52, 52A, 680SL. No. 1, 2 and 68114 of the Table of sub-section (1) of section 52AA 52AAA, 52B, 52C, 52D, 52JJ, 52N, 52O, 68252Q, 52R, 53, 53AA, 53B, 53BB, 53BBB, 683*** 53C, 53CCC, 53DDD 684, 53E, 53EE, 53F, 53FF, 53G, 53GG, 53H, 53M, 53N 685, 53P 686, 53Q, 53R and 55: Provided that the tax deducted or collected from the following sources shall not be the minimum tax for the purpose of this sub-section- (i) tax collected under section 52 from the following persons- a. a contractor of an oil company or a subcontractor to the contractor of an oil company as may be prescribed; b. an oil marketing company and its dealer or agent excluding petrol pump station; c. any company engaged in oil refinery; d. any company engaged in gas transmission or gas distribution; (ii) tax deducted under section 53 from import of goods by an industrial undertaking 687,except an industrial undertaking engaged in producing cement, iron or iron products, 688ferro alloy products,689perfumes and toilet waters, 690beverage concentrate, as raw materials for its own consumption; (iii) tax deducted under section 53F from a source other than the sources mentioned in clause (c) of sub-section (1) and sub-section (2) of that section; (c) for the sources of income for which minimum tax is applicable, books of accounts shall be maintained in the regular manner in accordance with the provisions of section 35; (d) income from any source, for which minimum tax is applicable under this sub-section, shall be determined in regular manner and tax shall be calculated by using 691applicable rate on such income. If the tax so calculated is higher than the minimum tax under clause (a), the higher amount shall be payable on such income: Provided that income shall be determined and tax shall be calculated for certain sources in the manner as specified in the following- Serial No. Sources of income as mentioned in Amount that will be taken as income Rate or amount of tax ( 1) (2) (3) (4) 1 section 52C amount of compensation as mentioned in section 52C as mentioned in section 52C 2 section 52D amount of interest as mentioned in section 52D as mentioned in section 52D 3 section 53DDD amount of export cash subsidy as mentioned in section 53DDD as mentioned in section 53DDD 4 692Serial No. 3 and 4 of the Table of section 53F(1) amount of interest as mentioned in section 53F as mentioned in section 53F 5 section 53H deed value as mentioned in section 53H 693less cost of acquisition as mentioned in section 53H and the rule made thereunder 6946. section 53P any sum paid by real estate developer to land owner As mentioned in section 53P (e) income or loss computed in accordance with clause (d) or the proviso of clause (d) shall not be set off with loss or income, respectively, computed for any regular source. (3) Where the assessee has income from regular source in addition to the income from source or sources for which minimum tax is applicable under sub-section (2)- (a) regular tax shall be calculated on the income from regular source; (b) the tax liability of the assessee shall be the aggregate of the tax as determined under sub-section (2) and the regular tax under clause (a).  695(4) Subject to the provision of sub-section (5), minimum tax for an individual, a firm or a company shall be the following— (a) an assessee being— (i) an individual having gross receipts of taka three crore or more; or (ii) a firm having gross receipts of more than taka fifty lakh; or (ii) a company, shall, irrespective of its profits or loss in an assessment year, for any reason whatsoever, including the sustaining of a loss, the setting off of a loss of earlier year or years or the claiming of allowances or deductions (including depreciation) allowed under this Ordinance, be liable to pay minimum tax in respect of an assessment year at the following rate— Serial No Classes of assessee Rate of minimum tax (1) (2) (3) 1. Manufacturer of cigarette, bidi, chewing tobacco, smokeless tobacco or any other tobacco products 1% of the gross receipts 2. Mobile phone operator 2% of the gross receipts 3. Individual other than individual engaged in mobile phone operation or in the manufacturing of cigarette, bidi, chewing tobacco, smokeless tobacco or any other tobacco products, having gross receipts taka 3 crore or more 6960.25% of the gross receipts 4. Any other cases 0.60% of the gross receipts: Provided that such rate of tax shall be zero point one zero percent (0.10%) of such receipts for an industrial undertaking engaged in manufacturing of goods for the first three income years since commencement of its commercial production. (b) where the assessee has an income from any source that is exempted from tax or is subject to a reduced tax rate, the gross receipts from such source or sources shall be shown separately, and the minimum tax under this sub-section shall be calculated in the following manner- (i) minimum tax for receipts from sources that are subject to regular tax rate shall be calculated by applying the rate mentioned in clause (a); (ii) minimum tax for receipts from sources that enjoys tax exemption or reduced tax rate shall be calculated by applying the rate mentioned in clause (a) as reduced in proportion to the exemption of tax or the reduction of rate of tax; (iii) minimum tax under this sub-section shall be the aggregate of the amounts calculated under sub-clauses (i) and (ii). Explanation.--For the purposes of this sub-section, 'gross receipts' means- (i) all receipts derived from the sale of goods; (ii) all fees or charges for rendering services or giving benefits including commissions or discounts; (iii) all receipts derived from any heads of income. (5) Where the provisions of both sub-section (2) and sub-section (4) apply to an assessee, minimum tax payable by the assessee shall be the higher of (a) the minimum tax under sub-section (2); or (b) the minimum tax under sub-section (4). (6) Minimum tax under this section shall not be refunded, nor shall be adjusted against refund due for earlier year or years or refund due for the assessment year from any source. (7) Where any surcharge, additional interest, additional amount etc. is payable under provisions of this Ordinance, it shall be payable in addition to the minimum tax. (8) Where the regular tax calculated for any assessment year is higher than the minimum tax under this section, regular tax shall be payable. (9) In this section- (a) “regular source” means any source for which minimum tax is not applicable under sub-section (2); (b) “regular tax” means the tax calculated on regular income using the regular manner; (c) “697regular tax rate” means the rate of tax, that would be applicable if the tax exemption or the reduced rate were not granted. 698(8A) Where tax has been mistakenly deducted and collected in excess or deficit of the due amount (i.e. the amount to be deducted or collected in accordance with the provision of Chapter VII), minimum tax under this section shall be computed based on the due amount of deduction or collection, and provisions of this section shall apply accordingly.
name: Spot Assessment
details: 69982D. (1)Where a person is found to have taxable income or required to submit tax return or required to comply with any provision of the Ordinance and the person has failed to perform or comply with requirements of the Ordinance, the Deputy Commissioner of Taxes, empowered to this end, may assess the tax liability of such person on the spot.(2) Where assessment of an assessee being individual having income from business or profession is made under this section applying regular rate and the asseesee pays tax accordingly, no question as to the initial capital not exceeding five times of such assessed income shall be made.(3) Commissioner of Taxes may empower any Deputy Commissioner of Taxes who is subordinate to him to conduct spot assessments within his jurisdiction.(4) The Board shall issue guidelines as to the manner how assessment under this section shall be made.
name: 83AOmitted
details: 700***
name: 83AA Omitted
details: 701***
name: Assessment after hearing
details: 70283. (1) Where a return or revised return has been filed under Chapter VIII and the Deputy Commissioner of Taxes is not satisfied without requiring the presence of the person who filed the return or the production of evidence that the return is correct and complete, he shall serve on such person a notice requiring him, on a date to be therein specified, to appear before the Deputy Commissioner of Taxes, or to produce or cause to be produced before him or at his office, any evidence in support of the return. (2) The Deputy Commissioner of Taxes shall, after hearing the person appearing, or considering the evidence produced in pursuance of the notice under sub-section (1) and also considering such other evidence, if any, as he may require on specified points, by an order in writing assess, within thirty days after the completion of the hearing or consideration, as the case may be, the total income of the assessee and determine the sum payable by him on the basis of such assessment, and communicate the order to the assessee within thirty days next following.
name: Assessment on the basis of report of a chartered accountant
details: 70383AAA. (1) Where a return or revised return is filed under Chapter VIII by an assessee being a company and the Board has reasonable cause to believe that the return or revised return is incorrect or incomplete, the Board may appoint a registered chartered accountant to examine the accounts of that assessee. (2) The chartered accountant appointed under sub-section (1) shall exercise the powers and functions of the Deputy Commissioner of Taxes as referred to in section 79 and clauses (a), (b), (c), (d) and (e) of section 113. (3) The chartered accountant, after examination of the accounts of that assessee, shall submit a report in writing to the Board along with findings within a time as may be specified by the Board. (4) On receipt of the report referred to in sub-section (3), the Board shall forthwith forward the report to the concerned Deputy Commissioner of Taxes for consideration. (5) On receipt of the report under sub-section (4), the Deputy Commissioner of Taxes shall serve a notice upon the assessee under sub-section (1) of section 83. (6) The Deputy Commissioner of Taxes shall, after hearing the person appearing and considering the evidences produced including the findings stated in the report received under sub-section (5) and also considering the other evidences, by an order in writing, assess within thirty days after the completion of hearing or consideration, as the case may be, the total income of an assessee and shall determine the sum payable by the assessee on the basis of such assessment, and communicate the said order to the assessee within thirty days from the date of such order.
name: Omitted
details: 84A. Presumptive Assessment.-Omitted by section 5  of the Finance Act, 1997 (Act No. XV  of 1997).
name: Best judgment assessment
details: 70484. (1) Where any person fails- (a) 	to file the return required by a notice under section 77 and has not filed a return or revised return under section 78; or (b) 	to comply with the requirements of a notice under section 79 or 80; or (c) 	to comply with the requirements of a notice under section 83(1); the Deputy Commissioner of Taxes shall, by an order in writing, assess the total income of the assessee to the best of his judgement and determine the sum payable by the assessee on the basis of such assessment; 705***, and communicate such order to the assessee within thirty days next following. (2) Where in the opinion of the Board a best judgement assessment made by a Deputy Commissioner of Taxes under sub-section (1) shows lack of proper evaluation of legal and factual aspects of the case which has resulted in an arbitrary and injudicious assessment, the action leading to such assessment made by the said Deputy Commissioner of Taxes shall be construed as misconduct.
name: Special provisions regarding assessment of firms
details: 85. (1) Notwithstanding anything contained in this Ordinance, where the assessee is a firm and the total income of the firm has been assessed under sections 82, 83, or 84, as the case may be,- 706* * * (b) 	in the case of  707a firm, the tax payable by the firm shall be determined on the basis of the total income of the firm. (2) Whenever any determination is made in accordance with the provisions of sub-section (1), the Deputy Commissioner of Taxes shall, by an order in writing, notify to the firm- (a) 	the amount of tax payable by it, if any; (b) 	the amount of the total income on which the determination has been based; and (c) 	the apportionment of the amount of  708income between the several partners.
name: Assessment in case of change in the constitution of a firm
details: 86. (1) Where, at the time of assessment of a firm, it is found that a charge has occurred in the constitution of the firm, the assessment shall be made on the firm as constituted at the time of making the assessment : Provided that- (a) 	the income of the years shall, for the purpose of inclusion in the total income of the partners, be apportioned between the partners who, in such income year, were entitled to receive the same; and (b) 	when the tax assessed upon a partner cannot be recovered from him, it shall be recovered from the firm as constituted at the time of making the assessment. (2) For the purpose of this section, there is a change in the constitution of a firm- (a) 	where all the partners continue with a change in their respective shares or in the shares of some of them, or (b) 	where one or more persons who were partners continue to be so with a change by cessation of one or more partners or addition of one or more new partners.
name: Assessment in case of constitution of new successor firm
details: 87. Where, at the time of assessment on a firm, it is found that a new firm has been constituted to succeed the firm to which the assessment relates and it cannot be covered by section 86 separate assessments shall be made on the predecessor firm and the successor firm in accordance with the provisions of section 88 relating to assessment in case of succession to business.
name: Assessment in case of succession to business otherwise than on death
details: 88. (1) Where, a person, carrying on any business or profession (in this section, referred to as predecessor), has been succeeded therein otherwise than on death by another person (in this section, referred to as the successor) continues to carry on that business or profession,- (a) 	the predecessor shall be assessed, in respect of the income of the income year in which the succession took place, for the period up to the date of succession, and (b) 	the successor shall be assessed, in respect of the income of the income year, for the period after the date of succession. (2) Notwithstanding anything contained in sub-section (1), where the predecessor cannot be found, the assessment of the income year in which the succession took place up to the date of succession and of the income year or years preceding that year shall be made on the successor in the like manner and to the same extent as it would have been made on the predecessor; and the provisions of this Ordinance shall, so far as may be, apply accordingly. (3) Where any sum payable under this section in respect of the income of a business or profession cannot be recovered from the predecessor, the Deputy Commissioner of Taxes shall record a finding to that effect, and thereafter the sum payable by the predecessor shall be payable by, and recoverable from, the successor who shall be entitled to recover if from the predecessor.
name: Assessment in case of discontinued business
details: 89. (1) Without prejudice to the provision of section 87, where any business or profession is discontinued in any financial year, and assessment may be made in that year, notwithstanding anything contained in section 16, on the basis of the total income of the period between the end of the income year and the date of such discontinuance in addition to the assessment, if any, made on the basis of the income year. (2) Any person discontinuing any business or profession in any financial year shall give to the Deputy Commissioner of Taxes a notice of such discontinuance within fifteen days thereof; and such notice shall be accompanied by a return of total income in respect of the period between the end of the income year and the date of such discontinuance and that financial year shall be deemed to be the assessment year in respect of the income of the said period. (3) Where, a person fails to give the notice required by sub-section (2), the Deputy Commissioner of Taxes may direct that a sum shall be recovered from him by way of penalty not exceeding the amount of tax subsequently assessed on him in respect of any income from the business or profession up to the date of its discontinuance. (4) Where an assessment is to be made under sub-section (1), the Deputy Commissioner of Taxes may serve- (a) 	on the person whose income is to be assessed; (b) 	in the case of a firm, on the person who was a partner of the firm at the time of discontinuance of the business or profession; and (c) 	in the case of a company, on the principal officer of the company; a notice to furnish within such time, not being less than seven days, a return of his total income giving such particulars and information as are required to be furnished with a return to be filed under section 75 along with such other particulars, records and documents as may be specified in the notice. (5) The provisions of this Ordinance shall, so far as may be, apply to a notice under sub-section (4) for the purpose of assessment of tax as if it were a notice under section 77.
name: Assessment in case of partition of a Hindu undivided family
details: 90. (1) A Hindu family hitherto assessed as a Hindu undivided family shall be deemed, for the purposes of this Ordinance, to continue to be a Hindu undivided family except where, and in so far as, a finding of partition has been given under this section in respect of that family. (2) Where, at the time of an assessment of a Hindu undivided family, it is claimed by any member thereof that a partition has taken place amongst the members of the family, the Deputy Commissioner of Taxes shall make an enquiry thereinto after giving notice to all the members of the family. (3) On the completion of the enquiry, the Deputy Commissioner of Taxes shall record a finding as to whether there has been a partition of the joint family property, and, if there has been such a partition, the date on which it has taken place. (4) In the case of a finding under sub-section (3) that the partition of the undivided family took place after the expiry of the income year, the total income of the income year of the undivided family shall be assessed as if no partition has taken place; and each member or group of members of the family shall, in addition to any tax for which he or it may be separately liable, be jointly and severally liable for the tax on the income of the family so assessed. (5) In the case of finding under sub-section (3) that the partition of the undivided family took place during the income year, the total income of the undivided family in respect of the period up to the date of partition shall be assessed as if no partition had taken place; and each member or group of members of the family shall, in addition to any tax for which he or it may be separately liable, by jointly and severally liable for the tax on the income of that period as so assessed. (6) Notwithstanding anything contained in this section, if the Deputy Commissioner of Taxes finds after completion of the assessment of a Hindu undivided family that the family has already effected a partition, the tax shall be recoverable from every person who was a member of the family before the partition; and every such person shall be jointly and severally liable for tax on the income of the family in so assessed. (7) For the purposes of this section, the several liability of any member or group of members of a Hindu undivided family shall be computed according to the portion of the property of the undivided family allotted to him or it at the partition. (8) The provisions of this section shall, so far as may be, apply in relation to the levy and collection of any penalty, interest, fine or other sum in respect of any period up to the date of the partition of a Hindu undivided family as they apply in relation to levy and collection of tax in respect of any such period.
name: Assessment in case of persons leaving Bangladesh
details: 91. (1) Where it appears to the Deputy Commissioner of Taxes that any person may leave Bangladesh during the current financial year or shortly after its expiry and that he has no intention of returning, as assessment may be made in that year, notwithstanding anything contained in section 16, on the basis of the total income of such person- (a) 	if he has been previously assessed, for the period from the expiry of the last income year of which income has been assessed to the probable date of his departure from Bangladesh; and (b) 	if he has not been previously assessed, of the entire period of his stay in Bangladesh up to the probable date of his departure therefrom. (2) Assessment under sub-section (1) shall be made- (a) 	in respect of each completed income year included in the period referred to in sub-section (1), at the rate at which tax would have been charged had it been fully assessed; and (b) 	in respect of the period from the expiry of the last of the completed income years to the probable date of departure, at the rate in force for the financial year in which such assessment is made and that financial year shall be deemed to be the assessment year in respect of the income of the said period. (3) For the purpose of making an assessment under this section, the Deputy Commissioner of Taxes may serve a notice upon the person concerned requiring him to file, within such time, not being less than seven days, as may be specified in the notice,- (a) 	a return in the same form and verified in the same manner as a return under section 75 setting forth, along with such other particulars as may be required by the notice, his total income for each of the completed income years comprised in the relevant period referred to in sub-section (1); and (b) 	an estimate of his total income for the period from the expiry of the last of such completed income year to the probable date of his departure from Bangladesh. (4) All the provisions of this Ordinance shall, so far as may be, apply to the notice under sub-section (3) for purposes of assessment of tax as if it were a notice under section 77. (5) Nothing in this section shall be deemed to authorise a Deputy Commissioner of Taxes to assess any income which has escaped assessment or has been under assessed or has been assessed at too low a rate or has been the subject of excessive relief under this Ordinance but in respect of which he is debarred from issuing a notice under section 93.
name: Assessment in the case of income of a deceased person
details: 92. (1) Where a person dies, his legal representative shall be liable to pay any tax or other sum payable under this Ordinance which the deceased would have been liable to pay if he had not died, in the like manner and to the same extent as the deceased; and the legal representative of the deceased shall, for the purposes of this Ordinance, be deemed to be an assessee: Provided that before deeming the legal representative of the deceased to be an assessee, a notice to that effect shall be issued to him by the Deputy Commissioner of Taxes. (2) For the purpose of making an assessment of the income of the deceased and recovery of tax,- (a) 	any proceeding taken against the deceased before his death shall be deemed to have been taken against the legal representative and may be continued from the stage at which it stood on the date of the death of the deceased; and (b) 	any proceeding which could have been taken against the deceased, if he had not died, may be taken against the legal representative; and all the provisions of this Ordinance shall, so far as may be, apply accordingly. (3) The liability of a legal representative under this Ordinance shall be limited to the extent to which the estate of the deceased is capable of meeting the liability. (4) For the purposes of this section and other provisions of this Ordinance in which the rights, intefrests and liabilities of the deceased are involved, “legal representative” includes an executor, an administrator and any person administering the estate of the deceased.
name: Tax, etc. escaping payment
details: 70993. (1) If, based on the information from an audit, assessment or any other proceeding under this Ordinance or from any other source, the Deputy Commissioner of Taxes has reason to believe that any sum payable by an assessee under this Ordinance has escaped payment in any assessment year, the Deputy Commissioner of Taxes may issue a notice in the form specified by the Board upon the assessee requiring him to- (a) file for the relevant assessment year, within the time as specified in the notice, a return of his income along with the applicable statement and documents; and (b) pay on or before the filing of the return the sum that has been escaped payment. (2) The Deputy Commissioner of Taxes shall- (a) send a letter of acceptance of the return where all of the following conditions are fulfilled- (i) the return is filed within the time mentioned in the notice under sub-section (1) and in compliance with the provisions of that sub-section; (ii) the sum that escaped payment has been paid on or before the filing of the return; and (iii) the issue for which the sum escaped payment has been duly addressed in the return; (b) proceed to make assessment under section 83 or 84, as the case may be, where any of the conditions mentioned in clause (a) is not fulfilled. (3) The Deputy Commissioner of Taxes shall obtain the approval of the Inspecting Joint Commissioner in writing before issuing a notice under sub-section (1) where- (a) return for the relevant assessment year was filed in compliancewith the provision of sub-section (1) of section 82BB; or the assessment of the relevant assessment year is completed under any other provision of this Ordinance. (4) A notice under sub-section (1) may be issued by the Deputy Commissioner of Taxes- (a) at any time where, for the relevant assessment year, no return was filed and no assessment was made; (b) within six years from the end of the relevant assessment year where, for the relevant assessment year, no return was filed but assessment is completed; (c) within 710six years from the end of the relevant assessment year in any other cases: 711*** Provided 712*** that in a case where a fresh assessment is made for any assessment year in pursuance of any provision under this Ordinance, the period referred to in this sub-section shall commence from the end of the year in which the fresh assessment is made. (5) In computing the period of limitation for the purpose of making an assessment or taking any other proceedings under this Ordinance, the period, if any, for which such assessment or other proceedings has been stayed by any court, tribunal or any other authority, shall be excluded. (6) Notwithstanding anything contained in sub-section (4), where an assessment or any order has been annulled, set aside, cancelled or modified, the concerned income tax authority may start the proceedings from the stage next preceding the stage at which such annulment, setting aside, cancellation or modification took place, and nothing contained in this Ordinance shall render necessary the re-issue of any notice which has already been issued or the re-furnishing or refiling of any return, statement or other particulars which has already been furnished or filed, as the case may be. (7) An assessment under sub-section (2) of an assessee who was already assessed for the relevant year shall be confined to the issues that have been mentioned in the notice served under sub-section (1). (8) The Deputy Commissioner of Taxes shall not be barred from taking proceedings under this section for an assessment year on the grounds that the proceeding under sub-section (2) is earlier concluded in respect of that assessment year. (9) In this section- (a) Any sum payable by an assessee under this Ordinance shall be deemed to have escaped payment if – (i) the income or a part thereof has escaped assessment; or (ii) the income has been understated; or (iii) excessive loss, deduction, allowance or relief in the return has been claimed; or (iv) the liability of tax or any other amount payable under this Ordinance has been shown or computed lower by concealment or misreporting of any income or by concealment or misreporting of any assets, expenditure or any other particulars in a statement submitted under section 80; or (v) income chargeable to tax has been under-assessed, or income has been assessed at a lower than due tax rate; or (vi) income that is subject to tax has been made the subject of tax exemption; or (vii) income has been made the subject of excessive relief, or excessive loss or depreciation allowance or any other allowance under this Ordinance has been computed; or (viii) a tax or an amount, payable under this Ordinance, has been computed or paid lower than due amount by reason of lower base. (b) “relevant assessment year” is the assessment year for which any sum payable by an assessee under this Ordinance has escaped payment.
name: Limitation for assessment
details: 94. 713(1) Subject to the provisions of sub-sections (2) and (3), after the expiry of- (a) two years from the end of the assessment year in which the income was first assessable if the assessment is to be made as a result of audit under section 82BB; (b) three years from the end of the relevant assessment year in which the income was first assessable if the assessment is to be made under section 107C; or (c) six months from the end of the assessment year in which the income was first assessable if the assessment is to be made in a case other than the cases mentioned in clause (a) or (b); no order of assessment under the provisions of this Chapter, in respect of any income, shall be made. (2) An assessment under section 93 may be made within two years from the end of the year in which the notice under sub-section (1) of section 93 was issued.  (3) Notwithstanding anything contained in this section, limiting the time within which any action may be taken, or any order or assessment may be made, order or assessment, as the case may be, to be made on the assessee or any other person in consequence of, or to give effect to, any finding or direction contained in an order under sections 120, 121, 714* * * 156, 159, 161 or 162 or, in the case of a firm, an assessment to be made on a partner of a firm in consequence of an assessment made on the firm, 715or an agreement reached under section 152O, shall be made within thirty days from the date on which the order or the agreement was communicated 716and communicate such revised order to the assessee within thirty days next following 717:  Provided that where an order of assessment has been set aside by any authority in that case the assessment shall be made within 718sixty days from the date on which the order was communicated to him.  Explanation I.-Where by an order under 719sections 120, 121A, 156, 159, 161 or 162, any income is excluded from the total income of the assessee for an assessment year, an assessment of such income for another assessment year shall, for the purposes of this section, be deemed to be one made in consequence of, or to give effect to, any finding or direction contained in the said order.  Explanation II.-Where by an order under 720sections 120, 121A, 156, 159, 161 or 162, any income is excluded from the total income of one person and held to be the income of another person, an assessment of such income of such other person, shall, for the purposes of this section, be deemed to be one made in consequence of or to give effect to, any finding or direction contained in the said order.  721(4) where the Deputy Commissioner of Taxes fails to give effect to any finding or direction contained in an order referred to in sub-section (3) within the period stipulated therein, such failure of the Deputy Commissioner of Taxes shall be construed as misconduct.
name: Omitted
details: 94A. Omitted by section 31 of the Finance Act, 2003 (Act No. XVII of 2003).
name: Bar to question assessment
details: 72294B. (1) Notwithstanding anything contained in any provision of this Ordinance or in any other law for the time being in force, no authority save the authorities mentioned in section 3 or the courts and authorities mentioned in Chapter XIX shall have right to question any assessment made under this Chapter.(2) Any action taken in violation of the provision of sub-section (1) shall be null and void and have no legal effect.
name: Liability of representative in certain cases
details: 95. (1) Every person who is a representative of another person in respect of any income for the purpose of this section shall, in respect of such income,- (a) 	be subject to the same duties, responsibilities and liabilities as if such income were received by, or accruing to, or in favour of, him beneficially; (b) 	be liable to assessment in his own name; and (c) 	be deemed, subject to other provisions of this Chapter, to be the assessee for all purposes of this Ordinance. (2) A person, who is assessed in pursuance of this section as a representative in respect of any income, shall not, in respect of the same income, be assessed under any other provision of this Ordinance. (3) Nothing in this section shall prevent either the direct assessment of the person for whom, or on whose behalf or for whose benefit, the representative is entitled to receive any income or recovery from such person of the tax payable in respect of such income. (4) For the purposes of this section,- (a) 	the guardian, manager or trustee, who receives or is entitled to receive any income for, or on behalf or for the benefit, of any minor, lunatic or idiot, shall be the representative in respect of such income; (b) 	the Administrator-General, the Official Trustee, or any receiver, manager or other person, however designated, appointed by or under any order of a Court, who receives or is entitled to receive any income for, or on behalf or for the benefit, of any other person shall be the representative in respect of such income; (c) 	the trustee or trustees appointed under a trust declared by a duly executed instrument in writing, whether testamentary or otherwise, including a legally valid deed of waqf, who receive or are entitled to receive any income for, or on behalf or for the benefit of any person shall be the representative in respect of such income; and (d) 	a person who is treated under section 96 as an agent in relation to a non-resident, shall be the representative in respect of such income of the non-resident as is deemed to accrue or arise in Bangladesh under section 18.
name: Persons to be treated as agent
details: 96. (1) For the purposes of this Ordinance, the following persons shall, subject to the provisions of sub-sections (2) and (3) be treated as agent in relation to a non-resident, namely:- (a) 	any person in Bangladesh- (i) 	who is employed by, or on behalf of, the non-resident; (ii) 	who has any business connection with the non-resident; (iii) 	who holds, or controls the receipt or disposal of, any money belonging to the non-resident; (iv) 	who is a trustee of the non-resident; or (v) 	from or through whom the non-resident, is in receipt of any income, whether directly or indirectly; (b) 	any person, whether a resident or non-resident, who has acquired, by means of transfer, a capital asset in Bangladesh from a person residing outside Bangladesh; and (c) 	any person who, for any other reasonable cause, is declared or treated as an agent of the non-resident. (2) An independent broker in Bangladesh, who in respect of any transaction, does not deal directly with, or on behalf of, a non-resident principal but deals with, or through, a non-resident broker, shall not be treated as an agent in relation to a non-resident in respect of such transaction if- (a) 	the transaction is carried on in the ordinary course of business through the non-resident broker; and (b) 	the non-resident broker is carrying on such transaction in the ordinary course of business. (3) No person shall be treated under this Ordinance as an agent in relation to a non-resident unless he has been given by the Deputy Commissioner of Taxes an opportunity of being heard.
name: Right of representative to recover tax paid
details: 97. (1) A representative who, on account of his liability under section 95, pays any sum, shall be entitled to recover the sum so paid from the person on whose behalf it is paid, or to retain out of any moneys that may be in his possession or may come to him in his possession or may come to him in his capacity as a representative, an amount equivalent to the sum so paid. (2) A representative, or any person who apprehends that he may be assessed as a representative, may retain, out of any money payable to the person (hereinafter referred to as “the beneficiary”) on whose behalf he is liable to tax under section 95, a sum not exceeding his estimated liability. (3) In the event of any disagreement between the beneficiary and the representative or, as the case may be, the person apprehensive of being assessed as representative, as to the amount to be retained under sub-section (2), such representative or person may secure from the Deputy Commissioner of Taxes a certificate stating the amount to be so retained pending the settlement of the liability and the certificate so obtained shall be the warrant for retaining that amount.
name: Liability of firm or association for unrecoverable tax due from partners or members
details: 98. (1) Where any tax payable by a partner of a firm or a member of an association of persons in respect of his share of the income from the firm or association, as the case may be, cannot be recovered from him, the Deputy Commissioner of Taxes shall notify the amount of the tax to the firm or association. (2) Upon notification of the amount of tax under sub-section (1), the firm or association so notified shall, notwithstanding anything contained in any other law for the time being in force, be liable to pay the said tax and shall, for the purposes of recovery thereof, be deemed to be an assessee in respect of such tax; and the provisions of this Ordinance shall apply accordingly.
name: Liability of partners, etc., for discontinued business of a firm, etc.
details: 99. (1) Where any business or profession carried on by a firm or an association of persons has been discontinued, or where a firm or an association of persons is dissolved, assessment of the total income of the firm or association may be made as if no such discontinuance or dissolution had taken place; and all the provisions of this Ordinance shall, so far as may be, apply accordingly. (2) Where an assessment is made under sub-section (1) in respect of a firm or an association of persons, every person who was a partner of the firm or member of the association at the time of discontinuance of business, or as the case may be, dissolution of the firm or association, and the legal representative of any such person who is deceased, shall be jointly and severally liable for the amount of tax found payable by the firm or association upon such assessment and shall, for the purpose of recovery of such tax, including penalty and other sum payable, be deemed to be an assessee; and the provisions of this Ordinance shall apply accordingly.
name: Liability of directors for unrecoverable tax of private companies
details: 100. (1) Where any private company is wound up 723or has discontinued business for three successive years and any tax assessed on the company, whether before, or in the course of, or after its liquidation, in respect of any income of any income year cannot be recovered, every person who was, at any time during the relevant income year, a director of that company, shall, notwithstanding anything contained in 724the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন), be jointly and severally liable to pay the said tax and shall, for the purposes of recovery thereof, be deemed to be an assessee in respect of such tax; and the provisions of this Ordinance shall apply accordingly. (2) Notwithstanding the provisions of sub-section (1), the liability of any person thereunder in respect of the income of a private company shall cease if he proves to the Deputy Commissioner of Taxes that non-recovery of tax from the company cannot be attributed to any gross neglect, misfeasance or breach of any duty on his part in relation to affairs of the company.
name: Liability of liquidator for tax of private companies under liquidation
details: 101. (1) A liquidator of a private company which is wound up, whether under the orders of a court or otherwise, shall, within thirty days after he has become such liquidator, give notice of his appointment as such to the Deputy Commissioner of Taxes having jurisdiction to assess the company. (2) The Deputy Commissioner of Taxes shall, after making such enquiries or, calling for such information as he may consider necessary, notify to the liquidator, within three months of the date of receipt of the notice under sub-section (1) the amount which, in his opinion, would be sufficient to provide for any tax which is then, or is likely thereafter to become, payable by the company. (3) On being notified under sub-section (2), the liquidator shall set aside an amount equal to the amount so notified and shall not, before he sets aside such amount, part with any of the assets, of the company except for the purpose of payment of tax payable by the company or for making payment to secure such creditors as are entitled under the law to priority of payment over the debts due to the Government on the date of liquidation. (4) The liquidator shall be personally liable for payment of the tax on behalf of the company to the extent of the amount notified, if any, under sub-section (2), if he- (a) 	fails to give notice as required by sub-section (1); or (b) 	contravenes the provisions of sub-section (3). (5) Where there are more liquidators than one, the obligations and liabilities of a liquidator under this section shall attach to all the liquidators jointly and severally. (6) This section shall have effect notwithstanding anything to the contrary contained in any other law for the time being in force. Explanation.-In this section, “liquidator” includes any person who has been appointed to be the receiver of the assets of the company under liquidation.
name: Liability to tax in case of shipping business of non-residents
details: 725102. (1) Notwithstanding anything contained in this Ordinance, where a non-resident carries on the business of operation of ships as the owner or charterer thereof (hereinafter in this section referred to as the principal) tax shall be levied and collected in respect of such business in accordance with the provisions of this section. (2) Before the departure from any port in Bangladesh of any ship, the master of the ship shall prepare and furnish to the Deputy Commissioner of Taxes a return showing- (a) 	the amount paid or payable whether in or out of Bangladesh to the principal, or to any person on his behalf, on account of the carriage of passengers, livestock, mail or goods shipped at the port since the last arrival of the ship; and (b) 	the amount received, or deemed to be received in Bangladesh by, or on behalf of, the principal on account of the carriage of passengers, livestock, mail or goods 726shipped at any port outside Bangladesh. (3) On receipt of the return, the Deputy Commissioner of Taxes shall determine the aggregate of the amounts referred to in sub-section (2) and, for this purpose, may call for such particulars, accounts or documents, as he may require and the aggregate of the said amounts so determined shall be deemed to be income received in Bangladesh by the principal from the said business chargeable to tax under this Ordinance under the head “Income from business or profession” and tax thereon shall be charged at the rate of eight per cent of such income. (4) Where the Deputy Commissioner of Taxes is satisfied that it is not possible for the master of the ship or the principal to furnish the return required under sub-section (2) before the departure of the ship from the port and the principal has made satisfactory arrangements for the filing of the return and payment of the tax by any other person on his behalf, the Deputy Commissioner of Taxes may, if the return is filed within thirty days of the departure of the ship, deem the filing of the return by the person so authorised by the principal as sufficient compliance with sub-section (2)727: Provided that where any charge mentioned in sub-section (8) is accrued after the expiry of said thirty days, the other person mentioned in this sub-section shall file a supplementary return in respect of such charge and pay tax thereon within next thirty days from the end of the month in which the charge has accrued. (5) No port clearance shall be granted to the ship until the  728Commissioner of Customs, or any other officer duly authorised to grant the same, is satisfied that the tax payable under sub-section (3) has been duly paid or that satisfactory arrangements have been made for the payment thereof. (6) Nothing contained in this Ordinance shall be so construed as to allow any expense against the aggregate amount of receipts as determined under sub-section (3). (7) The tax paid under this section shall be deemed to be the final discharge of the tax liability of the assessee under this Ordinance, and the assessee shall not be required to file the return of total income under section 75 nor shall he be entitled to claim any refund or adjustment on the basis of such return.  729(8) For the purpose of this section, the amount referred to in sub-section (2) shall include the amount paid or payable by way of demurrage charge or handling charge or any other amount of similar nature.
name: Omitted
details: 103. Adjustment of liability to tax in case of shipping.- Omitted by section 12 of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
name: Liability to tax in case of air transport business of non-residents
details: 730103A. (1) Notwithstanding anything contained in this Ordinance, where a non-resident person carries on the business of operation of aircraft, as the owner or charterer thereof (hereinafter in this section referred to as the principal), and any aircraft owned or chartered by him calls on any airport in Bangladesh, the aggregate of the receipts arising from the carriage of passengers, livestock, mail or goods loaded at the said airport into that aircraft shall be deemed to be income received in Bangladesh by the principal from the said business chargeable to tax under the head “Income from business or profession” and tax thereon shall be charged at the rate of three per cent of such income. (2) The principal or an agent authorised by him in this behalf shall prepare and furnish to the Deputy Commissioner of Taxes, within forty-five days from the last day of each quarter of every financial year, that is to say, the thirtieth day of September, the thirty-first day of December, the thirty-first day of March and the thirtieth day of June, respectively, a return in respect of each quarter as aforesaid showing- (a) 	the amount paid or payable whether in or out of Bangladesh to the principal, or to any person on his behalf, on account of the carriage of passengers, livestock, mail or goods loaded at the said airport; and (b) 	the amount received, or deemed to be received, in Bangladesh by, or on behalf of, the principal on account of the carriage of passengers, livestock, mail or goods at any airport outside Bangladesh. (3) On receipt of the return, the Deputy Commissioner of Taxes may, after calling for such particulars, accounts or documents, as he may require, determine the aggregate of the amounts referred to in sub-section (2) and charge tax as laid down in sub-section (1). (4) Where the principal fails to pay the tax payable under sub-section (1), for more than three months, the Commissioner of Taxes may issue to the authority by whom clearance may be granted to that aircraft a certificate containing the name of the principal and the amount of tax payable by him; and on receipt of such certificate, the said authority shall refuse clearance from any airport in Bangladesh to any aircraft owned or chartered by such person until the tax payable has been paid. (5) Nothing contained in this Ordinance shall be so construed as to allow any expense against the aggregate amount of receipts as determined under sub-section (3). (6) The tax paid under this section shall be deemed to be the final discharge of the tax liability of the assessee under this Ordinance, and the assessee shall not be required to file the return of total income under section 75 nor shall he be entitled to claim any refund or adjustment on the basis of such return.
name: Avoidance of tax through transactions with non-residents
details: 104. Where any business is carried on between a resident and a non-resident and it appears to the Deputy Commissioner of Taxes that, owing to the close connection between them, the course of business is so arranged that the business transacted between them produces to the resident either no profits or profits less than the ordinary profits which might be expected to yield in that business, the Deputy Commissioner of Taxes shall determine the amount of income which may reasonably be considered to have accrued to the resident from such business and include such amount in the total income of the resident.
name: Avoidance of tax through transfer of assets
details: 105. (1) Any income which becomes payable to a non-resident by virtue, or in consequence, of any transfer of assets, whether alone or in conjunction with associated operations, shall be deemed to be the income of the person who- (a) 	has acquired, by means of such transfer or associated operations, any right by virtue, or in consequence, of which he has power to enjoy, whether forthwith or in future, the income which becomes so payable to the non-resident, or (b) 	has received or is entitled to receive at any time, for reasons attributable to such transactions or associated operations, any sum paid or payable by way of loan or repayment of loan or any other sum, not being a sum paid or payable as income or for full consideration of money or money's worth. (2) The income which becomes payable to a non-resident and is deemed under sub-section (1), to be the income of the person referred to therein shall be so deemed for all purposes of this Ordinance, whether such income would or would not have been chargeable to tax apart from the provisions of this section. (3) The provisions of this section shall not operate if it is shown to the satisfaction of the Deputy Commissioner of Taxes- (a) 	that neither the transfer nor any associated operation had for its purpose, or for one of its purposes, the avoidance of liability to taxation; or (b) 	that the transfer and all associated operations were bona fide commercial transaction and were not designed for the purpose of avoiding liability to taxation. (4) Where any person has been charged to tax on any income which is deemed under sub-section (1) to be his income, that income shall not again be deemed to form part of his income for the purpose of this Ordinance if it is subsequently received by him whether as income or in any other form. (5) A person shall, for the purposes of this section, be deemed to have power to enjoy the income payable to a non-resident if- (a) 	such income is in fact so dealt with as to be calculated to ensure at any time for the benefit of such person in any form; or (b) 	the receipt or accrual of such income operates to increase the value of any assets held by such person or for his benefit; or (c) 	such person receives or is entitled to receive at any time any benefit provided or to be provided- (i) 	out of such income; or (ii) 	out of moneys which are or will be, available for the purpose by reason of the effect or successive effects of associated operations on such income and on any assets representing the income; or (d) 	such person has, by means of the exercise of any power of appointment, revocation or otherwise, power to obtain for himself, with or without the consent of any other person, the beneficial enjoyment of such income; or (e) 	such person is able to control, directly or indirectly, the application of such income, in any manner whatsoever. (6) In determining whether a person has power to enjoy income, regard shall be had to the substantial result and effect of the transfer and any associated operations, and to all benefits which may at any time accrue to such person as a result of the transfer and associated operations irrespective of the nature or form of the benefit. Explanation.-For the purposes of this section,- (a) 	“assets” includes property or rights of any kind and “transfer”, in relation to assets being rights, includes creation of those rights; (b) 	“associated operation”, in relation to any transfer, means as operation of any kind effected by any person in relation to- (i) 	any of the assets transferred; or (ii) 	any income arising from such assets; or (iii) 	any assets representing, directly or indirectly, any of the assets transferred, or the accumulation of the income arising from such assets; (c) 	“benefit” includes a payment of any kind; (d) 	references to assets representing any assets transferred, or any income or accumulation of income arising therefrom, includes references to shares in or obligation of any company to which, or the obligation of any other person to whom, any such assets or that income or accumulation of income is or has been transferred; and (e) 	any body corporate incorporated outside Bangladesh shall be treated as if it were a non-resident.
name: Avoidance of tax by transactions in securities
details: 106. (1) Where the owner of any securities sells or transfers those securities and buys them back or reacquires them, or buys or acquires similar securities, and the result of the transactions is that any interest becoming payable in respect of the original securities sold or transferred by the owner is not receivable by the owner, the interest payable as aforesaid shall be deemed, for all purposes of this Ordinance, to be the income of such owner and not of any other person, whether the interest payable as aforesaid would or would not have been chargeable to tax apart from the provisions of this sub-section. (2) Where any person has had for any period during an income year any beneficial interest in any securities and the result of any transactions within that year relating to such securities or the income thereof is that no income is received by him, or that the income received by him is less than the sum which the income would have amounted to had the income from such securities accrued from day to day, and been apportioned to the said period, then the income from such securities for the said period shall be deemed to be the income of such person. (3) Where, any person carrying on a business which consists wholly or partly in dealing in securities buys or acquires any securities from any other person and either sells back or re-transfers those securities, or sells or transfers similar securities, to such other person, and the result of the transactions is that the interest becoming payable in respect of the securities bought or acquired by him is receivable by him but is not deemed to be his income by reason of the provisions of sub-section (1), no account shall be taken of the transactions in computing for any of the purposes of this Ordinance any income arising from, or loss sustained, in the business. (4) The Deputy Commissioner of Taxes may, by notice in writing, require any person to furnish him, within such time, not being less than twenty-eight days, as may be specified in the notice, such particulars in respect of all securities of which such person was the owner, or in which he had beneficial interest at any time during the period specified in the notice, as the Deputy Commissioner of Taxes may consider necessary for the purpose of ascertaining whether tax has been borne in respect of the interest on all those securities and also for other purposes of this section. Explanation.-For the purposes of this section,- (a) 	“interest” includes dividend; (b) 	“securities” includes stocks and shares; and (c) 	securities shall be deemed to be similar if they entitle their holders to the same right against the same persons as to capital and interest and the same remedies for the enforcement of these rights, notwithstanding any difference in the total nominal amounts of the respective securities or in the form in which they are held or in the manner in which they can be transferred.
name: Tax clearance certificate required for persons leaving Bangladesh
details: 107. (1) Subject to such exceptions as the Board may make in this behalf, a person who is not domiciled in Bangladesh, or a person who being domiciled in Bangladesh at the time of his departure is not, in the opinion of an income tax authority likely to return to Bangladesh, shall not leave Bangladesh without obtaining from the Deputy Commissioner of Taxes authorised in this behalf by the Board:- (a) 	a tax clearance certificate, or (b) 	if he has the intention of returning to Bangladesh, an exemption certificate which shall be issued only if the Deputy Commissioner of Taxes is satisfied that such person has such intention; and such exemption certificate may be either for a single journey or for all journeys within the period specified in the certificate. (2) The owner or charterer of any ship or aircraft, who issue any authority to any person referred to in sub-section (1) for travel by such ship or aircraft from any place in Bangladesh to any place outside Bangladesh unless such person has a certificate required by that sub-section, shall- (a) 	be liable to pay the amount of tax, if any, which has or may become due and payable by such person and also to a penalty which may extend to two thousand taka; and (b) 	be deemed, for the purposes of recovery of such tax and penalty, to be an assessee in default, and all the provisions of this Ordinance shall apply accordingly. Explanation.-For the purposes of this section,- (a) 	“exemption certificate”, in relation to any person, means a certificate to the effect that such person is exempt from the requirement of having a tax clearance certificate for the purpose of the journey or journeys specified therein; (b) 	“owner” or “charterer” includes any representative, agent or employee who may be empowered by the owner or charterer of a ship or aircraft to issue an authority to travel by the ship or aircraft; and (c) 	“Tax clearance certificate”, in relation to a person, means a certificate to the effect that such person has no liability under this Ordinance, the Income-tax Act, 1922 (XI of 1922),  731the Gift-tax Act, 1963 (XIV of 1963) or দান কর আইন, ১৯৯০ (১৯৯০ সনের ৪৪ নং আইন), or the Wealth-tax Act, 1963 (XV of 1963), or that satisfactory arrangements have been made for the payment of all or any of such taxes which are or may become payable by such person.
name: Definitions.
details: 107A. In this Chapter, unless there is anything repugnant in the subject or context, - (1) "arm’s length price" means a price in a transaction, the conditions (e.g. price, margin or profit split) of which do not differ from the conditions that would have prevailed in a comparable uncontrolled transaction between independent entities carried out under comparable circumstances;  (2) “associated enterprise”, in relation to another enterprise, means an enterprise which, at any time during the income year, has the following relationship with the other enterprise- (a) one enterprise participates, directly or indirectly, or through one or more intermediaries, in the management or control or capital of the other enterprise; or (b) the same person or persons participate, directly or indirectly, or through one or more intermediaries, in the management or control or capital, of both enterprises; or (c) one enterprise holds, directly or indirectly, shares carrying more than twenty five percent of the voting power in the other enterprise; or (d) the same person or persons controls shares carrying more than twenty five percent of the voting power in both enterprises; or (e) the cumulative amount of borrowings of one enterprise from the other enterprise constitutes more than fifty percent of the book value of the total assets of that other enterprise; or (f) the cumulative amount of guarantees provided by one enterprise in favour of the other enterprise constitutes more than ten percent of the book value of the total borrowings of the other enterprise; or (g) more than half of the board of directors or members of the governing board of one enterprise are appointed by the other enterprise; or (h) any executive director or executive member of the governing board of one enterprise is appointed by, or is in common with the other enterprise; or (i) the same person or persons appoint more than half of the board of directors or members in both enterprises; or (j) the same person or persons appoint any executive director or executive member in both enterprises; or (k) one enterprise has the practical ability to control the decision of the other enterprise; or (l) the two enterprises are bonded by such relationship of mutual interest as may be prescribed; (3) “enterprise” means a person or a venture of any nature (including a permanent establishment of such person or venture); (4) "independent enterprise" means an enterprise that is not an associated enterprise; (5) "international transaction" means a transaction between associated enterprises, either or both of whom are non-residents, in the nature of purchase, sale or lease of tangible or intangible property, or provision of services, or lending or borrowing money, or any other transaction having a bearing on the profits, income, losses, assets, financial position or economic value of such enterprises, and includes- (a) a mutual agreement or arrangement between two or more associated enterprises for the allocation or apportionment of, or any contribution to, any cost or expense incurred or to be incurred in connection with a benefit, service or facility provided or to be provided to any one or more of such enterprises; (b) a transaction entered into by an enterprise with a person 733irrespective of whether such other person is a non-resident or not other than an associated enterprise, if there exists a prior agreement in relation to the relevant transaction between such other person and the associated enterprise, or the terms of the relevant transaction are determined in substance between such other person and the associated enterprise; 734*** (7) "property" includes goods, articles, things or items, patent, invention, formula, process, design, pattern, know-how, copyright, trademark, trade name, brand name, literary, musical, or artistic composition, franchise, license or contract, method, program, software, database, system, procedure, campaign, survey, study, forecast, estimate, customer list, technical data, any aspects of advertising and marketing, any item which has substantial value, or any other intangible property; (8) "record" includes electronically held information, documents and records; (9) "Transfer Pricing Officer" means any income tax authority authorised by the Board to perform the function of a Transfer Pricing Officer; (10) "transaction" includes an arrangement, understanding or action between two or more parties, whether or not such arrangement, understanding or action is formal or in writing; or whether or not it is intended to be enforceable by legal proceeding; (11) "uncontrolled transaction" means a transaction undertaken between enterprises not being the associated enterprises.
name: Determination of income from international transaction having regard to arm’s length price.
details: 107B. Notwithstanding anything contained in Chapter XI of this Ordinance, the amount of any income, or expenditure, arising from an international transaction shall be determined having regard to the arm’s length price.
name: Computation of arm’s length price.
details: 107C.(1) The arm’s length price in relation to an international transaction shall be determined by applying the most appropriate method or methods selected from the following methods based on the nature of transaction, the availability of reliable information, functions performed, assets employed, risks assumed or such other factors as may be prescribed, namely:- (a) comparable uncontrolled price method; (b) resale price method; (c) cost plus method; (d) profit split method; (e) transactional net margin method; (f) any other method where it can be demonstrated that- (i) none of the methods mentioned in clause (a) to (e) can be reasonably applied to determine the arm's length price for the international transaction; and (ii) such other method yields a result consistent with the arm's length price. 7351A) Where the most appropriate method applied is a method other than the method referred to in clause (d) or clause (f) of sub-section (1) and the dataset of the arm’s length price consists of six or more entries, an arm’s length range beginning from the thirty percentile of the dataset and ending on the seventy percentile of the dataset shall be constructed and the arm’s length price shall be- i. if the price at which the international transaction has actually been undertaken is within the range referred as above, then the price at which such international transaction has actually been undertaken shall be deemed to be the arm’s length price; ii. if the price at which the international transaction has actually been undertaken is outside the arm’s length range referred as mentioned above, the arm’s length price shall be taken to be the median of the datasetIn a case the dataset is less than six entries, the arm’s length price shall be the arithmetical mean of all the values included in the dataset. (2) The most appropriate method referred to in sub-section (1) shall be applied for determination of arm’s length price in the manner as may be prescribed: Provided that the arm’s length price determined under this section shall not result in total income lower than the total income that would have been resulted if the price at which international transaction has actually been undertaken were taken as the price charged or paid in the said international transaction.  (3) Where in the course of any assessment under Chapter IX of this Ordinance, the Deputy Commissioner of Taxes is of the opinion thatÔÇö (a) the price charged or paid in an international transaction has not been determined by the assessee in accordance with sub-sections (1) and (2); or (b) the assessee has failed to maintain the information, documents or records in accordance with the provisions of section 107E; or (c) the information or data based on which the arm's length price was computed by the assessee is not reliable or correct; the Deputy Commissioner of Taxes may determine the arm’s length price in relation to the said international transaction in accordance with provisions of sub-sections (1) and (2) on the basis of information or documents or other evidence available to him. (4) In determining the arm’s length price under sub-section (3), the Deputy Commissioner of Taxes shall give an opportunity to the assessee by serving a notice calling upon him to show cause, on a date and time to be specified in the notice, why the arm’s length price should not be so determined on the basis of information or documents or other evidence available to the Deputy Commissioner of Taxes.  (5) Where an arm’s length price is determined under sub-section (3) of this section or under sub-section (4) of section 107D, the Deputy Commissioner of Taxes shall, by an order in writing, proceed to compute the total income of the assessee having regard to the arm’s length price so determined.
name: Reference to Transfer Pricing Officer.
details: 107D. (1) Notwithstanding anything contained in section 107C of this Ordinance,- (a) the Deputy Commissioner of Taxes, with prior approval of the Board, may refer the determination of the arm’s length price under section 107C to the Transfer Pricing Officer; (b) the Transfer Pricing Officer, with prior approval of the Board, may proceed to determine the arm’s length price in relation to any international transaction. (2) Where a reference is made or any proceedings have been initiated under sub-section (1), the Transfer Pricing Officer shall serve a notice on the assessee requiring him to produce or cause to be produced on a date to be specified therein, any evidence on which the assessee may rely in support of his computation of the arm’s length price in relation to the international transaction in question. (3) The Transfer Pricing Officer shall, after considering the evidence produced before him or available to him including the evidence as he may require on any specified points from the assessee or from any other person, and after taking into account all relevant materials which he has gathered shall, by order in writing, determine the arm’s length price in relation to the international transaction in accordance with section 107C of this Ordinance and send a copy of his order to the Deputy Commissioner of Taxes. (4) The Deputy Commissioner of Taxes, upon receipt of the order under sub-section (3), shall proceed to compute the total income of the assessee in conformity with the arm’s length price so determined by the Transfer Pricing Officer 736and in computing the income of a person that is exempted from tax or is subject to a reduced rate of tax, the adjustment made in conformity with the arm’s length price so determined by the Transfer Pricing Officer shall be treated as income of such person and tax shall be payable on such income at the regular rate. (5) The Transfer Pricing Officer may rectify any order passed by him under sub-section (3) so as to correct any mistake apparent from the record either of his own motion or on the mistake having been brought to his notice by the assessee or any other income tax authority, and the provisions of section 173 of this Ordinance shall, so far as may be, apply accordingly. (6) Where any rectification is made under sub-section (5), the Transfer Pricing Officer shall send a copy of his order to the Deputy Commissioner of Taxes who shall thereafter proceed to amend the order of assessment in conformity with such order of the Transfer Pricing Officer.
name: Maintenance and keeping of information, documents and records
details: 107E.(1) Every person who has entered into an international transaction shall keep and maintain such information, documents and records as may be prescribed.  (2) Without prejudice to the provisions of sub-section (1), the Board may prescribe the period for which the information, documents and records shall be kept and maintained. (3) The Deputy Commissioner of Taxes may, by notice in writing, require any person to furnish any information, documents and records as prescribed under sub-section (1) within the period as may be specified in the notice.
name: Statement of international transactions to be submitted
details: 737107EE. Every person who has entered into an international transaction shall furnish, along with the return of income, a statement of international transactions in the form and manner as may be prescribed.
name: Report from an accountant to be furnished.
details: 738107F. The Deputy Comissioner of Taxes may, by notice in writing, require that a person who has entered into international transaction or transactions the aggregate value of which, as recorded in the books of accounts, exceeds three crore taka during an income year shall furnish within the period as  may be specified in the notice and in the form and manner as may be prescribed, a report from a  Chartered  Accountant or a Cost and Management Accountant regarding all or of a part of the information, documents and records furnished under section 107E.
name: Penalty for failure to keep, maintain or furnish information, documents or records to the Deputy Commissioner of Taxes.
details: 107G. Where any person fails to keep, maintain or furnish any information or documents or records as required by section 107E of this Ordinance, without prejudice to the provisions of Chapter XV of this Ordinance, the Deputy Commissioner of Taxes may impose upon such person a penalty not exceeding one percent of the value of each international transaction entered into by such person.
name: Penalty for failure to comply with the notice or requisition under section 107C.
details: 107H. Where any person fails to comply with the notice or requisition under section 107C of this Ordinance, the Deputy Commissioner of Taxes may impose upon such person a penalty not exceeding one percent of the value of each international transaction entered into by such person.
name: Penalty for failure to comply with the provision of section 107EE
details: 739107HH. Where any person fails to comply with the provision of section 107EE of this Ordinance, the Deputy Commissioner of Taxes may impose upon such person a penalty not exceeding two per cent (2%) of the value of each international transaction entered into by such person.
name: Penalty for failure to furnish report under section 107F.
details: 107I. Where any person fails to furnish a report 740*** as required by section 107F of this Ordinance, the Deputy Commissioner of Taxes may impose upon such person a penalty of a sum not exceeding three lakh taka.
name: Applicability of this Chapter.
details: 107J. The provisions of this Chapter shall come into force from the date specified by the Board through notification in the official Gazette.
name: Information regarding payment of salary
details: 108. Every person responsible for making any payment constituting income classifiable under the head “Salaries” not being payment made by the Government, and the prescribed officer in cases where such payments are made by the Government, shall, before the first day of September each year, furnish to the Deputy Commissioner of Taxes, a statement prepared in the prescribed form and verified in the prescribed manner so as to give the following information, namely:- (a) 	the name and address of every person to whom such payment has been made, or was due, during the preceding financial year if the payment exceeds such amount as may be prescribed; (b) 	the amount of payment so made, or due; (c) 	the amount deducted as tax from such payment; and (d) 	such other particulars as may be prescribed : Provided that the Deputy Commissioner of Taxes may extend the date for the delivery of the statement.
name: Information regarding filing of return by employees
details: 741108A.  (1) Every employee shall furnish the following information to the employer by the fifteenth day of April each year- (i) Taxpayer’s Identification Number; (ii) Date of filing of the return of income; and (iii) The serial number provided by the income tax authority upon filing of the return of income. (2) Any person responsible for making any payment which is an income of the payee classifiable under the head "Salaries", shall, by the thirtieth day of April of each year, furnish to such income tax authority and in such manner as may be prescribed, a statement containing the following information regarding the payee:-  (i) The name, designation and the Taxpayer’s Identification Number; (ii) Date of filing of the return of income; (iii) The serial number provided by the income tax authority upon filing of the return; (3) Nothing in this section shall apply to a payment made by the Government.
name: Information regarding Payment of interest
details: 109. Every person responsible for making any payment of interest constituting income not classifiable under the head “Interest on  securities” shall, if such  payment exceeds 742fifteen thousand taka, before the first day of September each year, furnish to a prescribed officer a statement prepared in the prescribed form and verified in the prescribed manner so as to give the following information, namely:- (a) 	the name and address of every person to whom such payment has been made, or was due, during the preceding financial year; (b) 	the amount of payment so made or due; and (c) 	such other particulars as may be prescribed.
name: Information regarding payment of dividend
details: 110. The principal officer of every company shall, before the first day of September each year, furnish to the prescribed officer a statement prepared in the prescribed form and verified in the prescribed manner, so as to give the following information, namely:- (a) 	the name and address of every shareholder, as entered in the register of shareholders, to whom a dividend or the aggregate of dividends has been paid or distributed during the preceding financial year if such payment exceeds such amount as may be prescribed; (b) 	the amount of dividend or dividends so paid or distributed; and (c) 	such other particulars as may be prescribed.
name: Omitted
details: 111. Registration of firms.- Omitted by section 6 of the Finance Act, 1995 (Act No. XII of 1995).
name: Startup sandbox
details: 744111A.  (1) Notwithstanding anything contained in this Ordinance, the provisions of this section shall have overriding effect over all other provisions of this Ordinance.(2) In determining “income from business or profession” of a startup registered under this section, sections 30 and 30B shall not be applicable for growth years.(3) Where in any growth year, any loss is incurred by a startup registered under this section and the loss cannot be wholly so set off, the amount of the loss not so set off shall be carried forward to the next assessment year and so on for not more than nine successive assessment years.(4) The rate of minimum tax as provided in sub-section (4) of section 82C for growth years of a startup registered under this section shall be 0.1% (zero point one percent).(5) Save as provided in section 75, a startup registered under this section shall have no reporting obligation under this Ordinance for growth years if the startup provides permanent access to its system or books to the income tax authority.(6) A startup, to enjoy the benefit of sandbox, shall be registered with the Board in the manner as required by the Board.(7) A startup shall not be eligible for registration under this section, if it –(a) is incorporated prior to first day of July 2017; or(b) is incorporated between first day of July 2017 and thirtieth day of June 2022 and fails to get registration by the thirtieth day of June 2023; or(c) is incorporated on or after first day of July 2022 and fails to get registration under this section by thirtieth June of every year following the year of its incorporation.(8) For the purpose of this section-(a) “growth years” means-(i) for the purpose of clause (b) of sub-section (7), a period of three years that starts with first day of July 2023 and ends with the thirtieth day of June 2026.(ii) for the purpose of clause (c) of sub-section (7), a period of five years that starts with first day of July of the year following the year of incorporation.(b) “innovation” means the process of creating value by offering novel solution or making a significant improvement to any prevailing solution to any significant problem or a set of problems.(c) “startup” means a company with annual turnover not exceeding Taka 100 crore in any financial year and that-(i) is incorporated under কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন); and(ii) works towards deployment or commercialization of new products, process or service driven by innovation, development and technology or intellectual property; and(iii) is not a subsidiary of another company holding fifty percent or more of its shares; and(iv) is not a resulting company of a scheme of amalgamation or demerger.
name: Powers under this Chapter not to prejudice other powers
details: 112. The powers exercisable by income tax authorities under this Chapter shall not prejudice, unless otherwise provided in the provision thereof, the powers exercisable under the other provisions of this Ordinance.
name: Power to call for information
details: 113. The Deputy Commissioner of Taxes, the Inspecting Joint Commissioner, 745the Commissioner, the Director General, Central Intelligence Cell,746Directors-General of Inspection (Taxes), or any other officer authorised in this behalf by the Commissioner or the Board may, for the purposes of this Ordinance, by notice in writing, require-  (a) any firm, to furnish him with a statement of the names and addresses of the partners and their respective shares;  (b) any Hindu undivided family, to furnish him with a statement of the names and addresses of the manager and the members of the family;  (c) any person, whom he has reason to believe to be a trustee, guardian or agent to furnish him with a statement of the names and addresses of the persons for or of whom he is trustee, guardian or agent;  (d) any assessee to furnish him with a statement of the names and addresses of all persons to whom he has paid in any income year any rent, interest, commission, royalty or brokerage, or any annuity, not being an annuity classifiable under the head “Salaries”, amounting to more than three thousand taka, together with particulars of all such payment;  (e) any dealer, broker or agent, or any person concerned in the management of a Stock Exchange, to furnish a statement of the names and addresses of all persons to whom he or the Exchange has paid any sum in connection with the transfer of capital assets, or on whose behalf or from whom he or the Exchange has received any such sum, together with the particulars of all such payments and receipts; or  (f) any person, including a banking company, to furnish information in relation to such points or matters, or to furnish such statement or accounts giving such particulars, as may be specified in the notice:  Provided that no such notice on a banking company shall be issued by the Deputy Commissioner of Taxes or the Inspector, without the approval of the Commissioner, 747***.
name: Automatic furnishing of information
details: 748113A.  (1) The Board may, by a notice in official gazette, require any authority, person or entity to furnish in digital manner to the Board or any income tax authority specified by the Board, any information including information regarding assets, liabilities, income, expenses and transactions in respect of any class of persons. (2) The information mentioned in sub-section (1) shall be furnished in such digital manner as may be specified in the notice. (3) For the purpose of this section, furnishing in digital manner includes- (a)	uploading data in the system of the Board;  (b)	sharing data to the digital or electronic system of the Board; and  (c)	enabling digital or electronic access to the intended system.
name: Power to Inspect registers of companies
details: 114. The Deputy Commissioner of Taxes, the Joint Commissioner of Taxes or any person authorised in writing in this behalf by either of them, may inspect and, if necessary, take copies, or cause copies to be taken, of any register of the members, debenture-holders or mortgagees of any company or any entry in such register.
name: Power of survey
details: 115. (1) For the purpose of survey of liability of any person to tax under this Ordinance, an income tax authority may, notwithstanding anything contained in other provisions of this Ordinance but subject to such directions or instructions as the Board may issue in this behalf, enter any place or premises within the limits of its jurisdiction and- (a) 	inspect any accounts or documents and check or verify any article or thing; (b) 	make an inventory of any cash, stock or other valuable articles or things checked or verified by it; (c) 	place marks of identification on or stamp the books of accounts or other documents inspected by it and make or cause to be made extracts or copies therefrom; (d) 	record the statement of any person which may be useful for, or relevant to, any proceeding under this Ordinance; and (e) 	make such enquiries as may be necessary. (2) Subject to the provisions of section 117, any income-tax authority exercising powers under sub-section (1), shall not remove or cause to be removed from any place or premises wherein he has entered, any books of account, or other documents, or any cash, stock or other valuable article or thing. (3) Every proprietor, employee or other person who may be attending in any manner to, or helping in, the carrying on of any business or profession, or every person who may be residing in the place or premises in respect of which an income tax authority may be exercising power under sub-section (1), shall in aid of the exercise of such power,- (a) 	afford the authority necessary facilities for inspection of books of accounts or other documents, or for checking or verifying the cash, stock or other valuable article or thing found in such place or premises; and (b) 	furnish such information as the authority may require in respect of any matter which may be useful for, or relevant to, any proceeding under this Ordinance.
name: Additional powers of enquiry and production of documents
details: 116. (1) The  749* * *  750Directors-General of Inspection,  751the Commissioner, the Director General, Central Intelligence Cell, and the Inspecting Joint Commissioner may, without prejudice to other powers which they may have under other provisions of this Ordinance, make any enquiry which they consider necessary as respects any person liable, or believed by them to be liable, to assessment under this Ordinance, or 752require any such person or any other person in relation to such enquiry to appear before him at the time and place as directed for providing any information or to produce or cause to be produced necessary documents, accounts or records including any electronic records and systems referred to in the Explanation of sub-section (2) of section 117 under the possession or control of such person or such other person. (2) For the purpose of sub-section (1), the  753* * *  754Directors- General of Inspection,  755the Commissioner, the Director General, Central Intelligence Cell, and the Inspecting Joint Commissioner shall have the same powers as the Deputy Commissioner of Taxes has under this Ordinance for the purposes of making enquiry or requiring the production of accounts or documents including the powers under section 117(2). (3)  756The Commissioner, the Director General, Central Intelligence Cell, the Inspecting Joint Commissioner, the Deputy Commissioner of Taxes or an Inspector, if he is so authorised in writing, may, for the purpose of making any enquiry which he considers necessary, enter the premises in which a person liable or believed by him to be liable to assessment, carries on his business or profession, and may call for and inspect any such person's accounts or any documents in his possession and may stamp any accounts or documents so inspected and may retain such accounts or documents for so long as may be necessary for examination thereof or for the purposes of a prosecution: Provided that the Deputy Commissioner of Taxes or an Inspector shall not make any enquiries from any scheduled bank regarding any client of such bank except with the prior approval of the  757* * * Commissioner.
name: Power of giving order for not removing property
details: 758116A. (1) Where, in the course of performing functions under this Ordinance, the Director General, Central Intelligence Cell or the Commissioner has definite information in his hands that any person has concealed the particulars of income or investment, he may, by order in writing, require any person who is in immediate possession or control of any money, bullion, jewellery, financial instrument, financial asset, valuable article or any other property not to remove, part with, or otherwise deal with it without obtaining previous permission of the concerned authority passing such order. (2) Every such order shall cease to have effect after the expiry of a period of one year from the date of the order made under sub-section (1). (3) The income tax authority mentioned in sub-section (1) may extend such period or periods with the approval of the Board: Provided that the total period of extension shall in no case exceed one year. (4) In computing the period referred to sub-section (2) and sub-section (3), the period, if any, for which the order under sub-section (1) has been stayed by any court, shall be excluded.
name: Power of search and seizure
details: 117. (1) Where  759* * * the  760Directors-General of Inspection or  761the Commissioner, the Director General, Central Intelligence Cell, or such other officer empowered in this behalf by the Board has, on account of information in his possession, reason to believe that- (a) 	any person, to whom a summons or notice under this Ordinance has been or might be issued to produce, or cause to be produced, any books of accounts or other documents, 762or electronic records and systems,  has failed to, or is not likely to, produce or cause to be produced such books of accounts or other documents, 763or electronic records and systems,  or (b) 	any person is in possession of any money, bullion, jewellery or other valuable article or thing which represents, wholly or partly, income or property which is required to be disclosed under this Ordinance but has not been so disclosed, he may authorise any officer subordinate to him, being not below the rank of the 764Assistant Commissioner of Taxes, to exercise the powers under sub-section (2). (2) An officer authorised under sub-section (1) (hereinafter referred to as the authorised officer) may, notwithstanding anything contained in any other law for the time being in force,- (a) 	enter and search any building, place, vessel, vehicle or aircraft where he has reason to suspect that any books of accounts, documents, 765electronic records and systems, money, bullion, jewellery or other valuable article or thing referred to in sub-section (1) are or have been kept; (b) 	break-open the lock of any door, box, locker, safe, almirah or other receptacle for the purpose of the said entry, and search, if keys thereof are not available; (c) 	search any person who has got out of, or is about to get, into, or is in, the building, place, vessel, vehicle or aircraft, if he has reason to suspect that such person has secreted about his person any such books of accounts,  documents,766electronic records and systems, money, bullion, jewellery or other valuable article or thing; (d) 	seize any such books of accounts, documents, 767electronic records and systems, money, bullion, jewellery or other valuable article or thing found as a result of such search; (e) 	place marks of identification on or stamp any books of accounts or other document or make or cause to be made extracts or copies therefrom; and (f) 	make a note or an inventory of any such money, bullion, jewellery or other valuable article or thing768; (g)  extract the data, images or any inputs stored in the electronic records and systems or enter the systems by breaking through password protection or copy or analyse the data, books of accounts, documents, images or inputs. 769Explanation.- For the purpose of this section, 'electronic records and systems' include data, record or data generated, image or sound stored, received or sent in an electronic form or micro film or computer generated micro fiche and also include an electronic device. (3) The authorised officer may requisition the services of any police officer or other officer of the Government 770or any professional expert from outside the government to assist him for all or any of the purposes specified in sub-section (2); and it shall be the duty of every such officer 771or professional expert to comply with such requisition. (4) The authorised officer may, where it is not practicable to seize any such books of accounts, documents, 772electronic records and systems,  money, bullion, jewellery or other valuable article or thing, by order in writing, require the owner or the person who is in immediate possession or control thereof not to remove, part with or otherwise deal with it without obtaining his previous permission; and the authorised officer may take such steps as may be necessary for ensuring compliance with the order773: Provided that if the owner or the person concerned, without any reasonable cause, fails to comply with the provisions of this sub-section, the Deputy Director General, Central Intelligence Cell or the Deputy Commissioner of Taxes may realize from him the money or the value of the bullion, jewellery, valuable article or thing, if any, removed, parted with or otherwise dealt with; and in such a case the said person shall be deemed to be an assessee in default under this Ordinance. (5) The authorised officer may, during the course of the search or seizure, examine on oath any person who is found to be in possession or control of any books of accounts, documents,774electronic records and systems, money, bullion, jewellery or other valuable article or thing and any statement made by such person during the examination may thereafter be used in evidence in any proceeding under this Ordinance, or the Income-tax Act, 1922 (XI of 1922). (6) Where any books of accounts, documents, 775electronic records and systems, money, bullion, jewellery or other valuable article or thing is found in the possession or control of any person in the course of a search, it may be presumed that- (a) 	the books of accounts, documents, 776electronic records and systems, money, bullion, jewellery, article or thing belongs to such person; (b) 	the contents of  777the books of accounts, documents, electronic records and systems are true; and (c) 	the signature on, or the handwriting in, any such books or documents is the signature or handwriting of the person whose signature or hand writing it purports to be. (7) The person from whose custody any books of accounts or other documents 778or electronic records and systems are seized under sub-section (2) may make copies thereof, or take extracts therefrom, in the presence of the authorised officer or any other person designated by him, at such place and time as the authorised officer may appoint in this behalf. (8) The books of accounts or other documents 779or electronic records and systems seized under sub-section (2) shall not be retained by the authorised officer for a period exceeding one hundred and eighty days from the date of the seizure unless for reasons recorded in writing, approval of  780* * * the Commissioner has been obtained for such retention: Provided that  781* * * the Commissioner shall not approve such retention for a period exceeding thirty days after all the proceedings under this Ordinance in respect of the years for which the books of accounts or other documents, 782electronic records and systems, as are relevant, have been completed. (9) If any person, legally entitled to the books of accounts or other documents 783or electronic records and systems seized under sub-section (2) objects to the approval given by the Commissioner under sub-section (8), he may make an application, stating therein the reasons for his objection, to the Board for the return of the books of accounts or other documents 784or electronic records and systems; and the Board may, after giving the applicant an opportunity of being heard, pass such orders thereon as it may think fit. (10) Subject to the provisions of this Ordinance and the rules, if any, made in this behalf by the Board, the provisions of the Code of Criminal Procedure, 1898 (Act V of 1898), relating to search and seizure shall apply, so far as may be, to search and seizure under sub-section (2). Explanation.-For the purposes of this section, the word “proceeding” means any proceeding in respect of any year under this Ordinance which may be pending on the date on which a search is authorised under this section or which may have been completed on or before such date and also includes all proceedings under this Ordinance which may be commenced after such date in respect of any year.
name: Power to verify and enforce deduction or collection of tax
details: 785117A. (1)An authority, empowered in writingby the Commissioner of Taxes, Director General of Inspection or Director General of Intelligence Cell to verify deduction or collection of tax at source or to enforce the provisions of Chapter VII of this Ordinance, -(a) shall have full and free access to the premises, places, products, books of accounts and records of economic activities maintained in any form or manner;(b) shall have access to any information, code or technology which has the capability of retransforming or unscrambling encrypted data contained or available to such computers into readable and comprehensive format or text;(c) may extract the data, images or any inputs stored in the electronic records and systems or enter the systems by breaking through password protection or copy or analyse the data, books of accounts, documents, images or inputs;(d) may place marks of identification on or stamp any books of accounts or other document or make or cause to be made extracts or copies therefrom;(e) may impound and retain any such books of accounts, documents, electronic records and systems; and(f) may require any person to perform or refrain from activities as directed;(2) An authority empowered under sub-section (1), may be accompanied by experts, valuer or forces as he reasonably thinks fit.(3) Where any authority empowered under sub-section (1) is obstructed, hindered or unassisted by any person, the person in whose premise or place the authority has entered or intended to enter shall be liable to a penalty not exceeding Taka fifty lakh.(4) Where a person is found to be in default in respect of compliance of this section or Chapter VII of this Ordinance, the Deputy Commissioner of Taxes shall, after recording explanation of the person so in default or ex parte where no explanation is found, proceed to recover the amount of taxes along with penalties by making an assessment thereof.
name: Retention of seized assets
details: 118. (1) Where any money, bullion, jewellery or other valuable article or thing (hereinafter referred to as assets) is seized under section 117, the authorised officer shall, unless he himself is the Deputy Commissioner of Taxes, forward a report thereof, together with all relevant papers, to the Deputy Commissioner of Taxes. (2) Where he has seized any assets under section 117 or, as the case may be, he has received a report under sub-section (1), the Deputy Commissioner of Taxes shall, after giving the person concerned a reasonable opportunity of being heard and making such enquiry as  786* * * the  787Directors-General of Inspection or the Commissioner may direct, within ninety days of the seizure of the assets, and with the previous approval of the Commissioner- (a) 	estimate the undisclosed income (including income from the undisclosed property), in a summary manner to the best of his judgement on the basis of such materials as are available with him; (b) 	calculate the amount of tax payable under this Ordinance on the income so estimated; and (c) 	specify the amount that will be required to satisfy any existing liability under this Ordinance, the Income tax Act, 1922 (XI of 1922), the Gift-tax Act, 1963 (XIV of 1963), and the Wealth-tax Act, 1963 (XV of 1963), in respect of which such person is in default or is deemed to be in default: Provided that if, after taking into account the materials available with him, the Deputy Commissioner of Taxes is of the view that it is not possible to ascertain to which particular income year or years such income or any part thereof relates, he may calculate the tax on such income or part, as the case may be, as if such income or part were the total income chargeable to tax at the rates in force in the financial year in which the assets were seized. Explanation.-In computing the period of ninety days for the purposes of sub-section (2), any period during which any proceeding under this section is stayed by an order or injunction of any Court shall be excluded. (3) After completing the proceedings under sub-section (2), the Deputy Commissioner of Taxes shall, with the approval of the Commissioner, make an order requiring the person concerned to pay the aggregate of the amounts referred to in sub-section (2)(b) and (c) and shall, if such person pays, or makes satisfactory arrangement for the payment of, such amounts or any part thereof, release the assets seized under section 117 or such part thereof as he may deem fit in the circumstances of the case. (4) Where the person concerned fails to pay, or to make satisfactory arrangements for the payment of, any amount required to be paid in pursuance of the order under sub-section (3) or any part thereof, he shall be deemed to be an assessee in default in respect of the amount or part, and the Deputy Commissioner of Taxes may retain in his custody the assets seized under section 117 on any part thereof as are in his opinion sufficient for the realisation of the said amount or, as the case may be, of such part thereof as has not been paid. (5) If the Deputy Commissioner of Taxes is satisfied that the assets seized under section 117 or any part thereof were held by a person for or on behalf of any other person, he may proceed under this section against such other person, and all the provisions of this section shall apply accordingly. (6) If any person objects, for any reason, to an order made under sub-section (3), he may, within thirty days of the date of such order, make an application, stating therein the reasons for his objection, to the Commissioner for appropriate relief in the matter; and the Commissioner may, after giving the applicant an opportunity of being heard, pass such orders thereon as he may think fit.
name: Application of retained assets
details: 119. (1) Where the assets retained under sub-section (4) of section 118 consist solely of money, or partly of money and partly of other assets- (a) 	the Deputy Commissioner of Taxes shall first apply such money towards payment of the amount in respect of which the person concerned is deemed to be an assessee in default under that sub-section; and thereupon such person shall be discharged of his liability to the extent of the money so applied; and (b) 	where, after application of the money under clause (a), any part of the amount referred to therein remains unpaid, the Deputy Commissioner of Taxes may recover the amount remaining unpaid, by sale of such of the assets as do not consist of money in the manner movable property may be sold by a Tax Recovery Officer for the recovery of tax; and for this purposes he shall have all the powers of a Tax Recovery Officer under this Ordinance. (2) Nothing contained in sub-section (1) shall preclude the recovery of the amount referred to in section 118 (4) by any other mode provided in this Ordinance for the recovery of any liability of an assessee in default. (3) Any assets or proceeds thereof which remain after the discharge of the liability in respect of the amount referred to in section 118(4) shall forthwith be made over or paid to the persons from whose custody the assets were seized.
name: Power  of  Commissioner  or  Inspecting Joint Commissioner to revise the erroneous order
details: 788120.  (1) The Inspecting Joint Commissioner may call for and examine the record of any proceeding under this Ordinance if he considers that any order passed therein by the Deputy Commissioner of Taxes is erroneous in so far as it is prejudicial to the interests of the revenue, and may, after giving the assessee an opportunity of being heard, and after making or causing to be made, such inquiry as he thinks necessary, pass such order thereon as in his view the circumstances of the case would justify, including an order enhancing or modifying the assessment or cancelling the assessment and directing a fresh assessment to be made. (2) Where the power of the Deputy Commissioner of Taxes is exercised by a higher income tax authority under the provision of section 10, the proceedings mentioned in sub-section (1) shall be taken by the Commissioner.  (3) No order shall be made under sub-section (1) after the expiry of four years from the date of the order sought to be revised.  (4) Nothing in section 93 shall bar any proceeding under this section in applicable cases.  (5) In this section, an order shall be deemed to be erroneous if, in the opinion of the Commissioner or the Inspecting Joint Commissioner, as the case may be,-  (a) any income is misclassified in the order; or  (b) any provision of this Ordinance is misinterpreted in making the order; or  (c) the order is passed without making verification which should have been made; or  (d) the order is passed allowing any relief without inquiring into the claim; or (e) the order, direction or instruction issued by the Board under section 8 has not been observed or followed in the order; or  (f)  the order is erroneous for reasons apparent from the record.
name: 121 Omitted
details: 789***
name: Revisional power of Commissioner
details: 790121A. (1) The Commissioner may on an application made by the assessee, call for the record of any proceeding under this Ordinance in which an order has been passed by any authority subordinate to him and may make such enquiry or cause such enquiry to be made and, subject to the provisions of this Ordinance, may pass such order thereon, not being an order prejudicial to the assessee, as he thinks fir. (2) The application for revision of an order under this Ordinance passed by any authority subordinate to the Commissioner shall be made within sixty days of the date on which such order is communicated to the assessee or within such further period as the Commissioner may consider fit to allow on being satisfied that the assessee was prevented by sufficient cause from making the application within the said sixty days.  (3) The Commissioner shall not exercise his power under sub-section (1) in respect of any order- (a)	Where an appeal against the order lies to the Appellate Joint Commissioner or to the Commissioner (Appeals) or to the Appellate Tribunal and the time within which such appeal may be made has not expired or the assessee has not waived his right of appeal; or  (b)	where the order is pending on an appeal before the Appellate Joint Commissioner or it has been made the subject of an appeal to the Commissioner (Appeals) or to the Appellate Tribunal. (4) No application under sub-section (1) shall lie unless- (a)	it is accompanied by a fee of two hundred taka; and (b)	the undisputed portion of the tax has been paid. Explanation.-The “undisputed portion of the tax” means the tax payable under section 74. (5) For the purposes of this section, an order by the Commissioner declining to interfere shall not be construed as an order prejudicial to the assessee. (6) Notwithstanding anything contained in this Ordinance, an application for revision made under sub-section (1) shall be deemed to have been allowed if the Commissioner fails to make an order thereon within a period of sixty days from the date of filing the application. Explanation.-For the purposes of this section, the Appellate Joint Commissioner of Taxes shall be deemed to be an authority subordinate to the Commissioner to whom the Deputy Commissioner of Taxes, whose order was the subject-matter of the appeal order under revision, is subordinate.
name: Power to take evidence on oath, etc.
details: 122. (1) The Deputy Commissioner of Taxes, the Joint Commissioner of Taxes, the Commissioner  791,the Director General, Central Intelligence Cell, and the Appellate Tribunal shall, for the purposes of this Ordinance, have the same powers as are vested in a Court under the Code of Civil Procedure, 1908 (Act V of 1908), when trying a suit in respect of the following matters, namely:- (a) 	discovery and inspection; (b) 	enforcing the attendance of any person and examining him on oath or affirmation; (c) 	compelling the production of accounts or documents (including accounts or documents relating to any period prior or subsequent to the income year); and (d) 	issuing commissions for the examination of witnesses. (2) The Deputy Commissioner of Taxes shall not exercise his powers under this section for the purpose of enforcing the attendance of an employee of a scheduled bank as a witness or compelling the production of books of account of such a bank except with the prior approval of the Commissioner. (3) Any authority mentioned in sub-section (1) may impound and retain in its custody for such period as it considers fit, any books of accounts or other documents produced before it in any proceeding under this Ordinance. (4) Any proceeding under this Ordinance, before any authority mentioned in sub-section (1), shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228, and for the purposes of section 196, of the Penal Code (Act XLV of 1860).
name: Penalty for not maintaining accounts in the prescribed manner
details: 792123. (1) Where any person, not having income from house property, has, without reasonable cause, failed to comply with the provisions of any order or rule made in pursuance of, or for the purposes of section 35(2), the Deputy Commissioner of Taxes, may impose upon him a penalty at the rate of a sum not exceeding- (a) one and a half times the amount of tax payable by him;  (b) one hundred Taka where the total income of such person does not exceed the maximum amount on which tax is not chargeable. (2) Where any person, having income from house property, has, without reasonable cause, failed to comply with the provisions of any order or rule made in pursuance of, or for the purposes of section 35(2), the Deputy Commissioner of Taxes, 793may impose upon him a penalty of fifty percent of taxes payable on house property income or five thousand taka, whichever is higher.
name: Penalty for failure to file return, etc.
details: 794124. (1) Where any person has, without reasonable cause, failed to file a return of income required by or 795under sections 75, 77, 89, 91 or 93, the Deputy Commissioner of Taxes may impose upon such person a penalty amounting to ten per cent of tax imposed on last assessed income subject to a minimum of 796taka one thousand, and in the case of a continuing default a further penalty of 797taka fifty for every day during which the default continues 798 : Provided that such penalty shall not exceed- (a) in case of an assessee, being an individual, whose income was not assessed previously five thousand taka; (b in case of an assessee, being an individual, whose income was assessed previously, fifty per cent (50%) of the tax payable on the last assessed income or taka one thousand, whichever is higher.  799800(2) Where any person has, without reasonable cause, failed to file or furnish any return, certificate, statement or information required under sections 58, 75A, 103A, 108, 108A, 109, or 110, the Deputy Commissioner of Taxes may impose upon such person-where the return, statement or information under sections 75A, 108 or 108A has not been filed or furnished, a penalty amounting to ten per cent of tax imposed on last assessed income or five thousand taka, whichever is higher, and in the case of a continuing default, a further penalty of one thousand taka for every month or fraction thereof during which the default continues;(b) in other cases of non-compliance, a penalty amounting to five thousand taka, and in the case of a continuing default, a further penalty of one thousand taka for every month or fraction thereof during which the default continues. (3) Where any person has, without any reasonable cause, failed to furnish information as required under section 113, the income tax authority requiring the information under section 113 may impose a penalty of twenty five thousand taka and in case of a continuing default a further penalty of five hundred taka for each day.
name: Penalty for using fake Tax-payer's Identification Number
details: 801124A.-Where a person has, without reasonable cause, used Tax-payer's Identification Number (TIN) of another person or used fake TIN on a return of income or any other documents where TIN is required under this Ordinance, the Deputy Commissioner of Taxes may impose a penalty not exceeding taka twenty thousand on that person.
name: Omitted
details: 802***
name: Failure to pay advance tax, etc.
details: 125. Where, in the course of any proceeding in connection with the assessment of tax under Chapter IX, the Deputy Commissioner of Taxes is satisfied that any person has- (a) 	without reasonable cause, failed to pay advance tax as required by section 64; or (b) 	furnished under section 67 any estimate of tax payable by him which he knew, or had reason to believe, to be untrue, he may impose upon such person a penalty of a sum not exceeding the amount by which the tax actually paid by him falls short of the amount that should have been paid.
name: Penalty for non-compliance with notice
details: 126. Where any person has, without reasonable cause, failed to comply with any notice issued under sections 79, 80  803under sub-section (1) or (2) of section 83, the Deputy Commissioner of Taxes may impose on him a penalty not exceeding the amount of tax chargeable on the total income of such person.
name: Failure to pay tax on the basis of return
details: 127. Where, in the course of any proceeding under this Ordinance, the Deputy Commissioner of Taxes is satisfied that any person has not paid tax as required by section 74, 804***, he may impose upon such person a penalty of a sum not exceeding twenty-five per cent of the whole of the tax or, as the case may be, of such portion of the tax as has not been paid.
name: Penalty for concealment of income
details: 128. (1) Where, in the course of any proceeding under this Ordinance, the Deputy Commissioner of Taxes, the Appellate Joint Commissioner  805, the Commissioner (Appeals) or the Appellate Tribunal is satisfied that any person has, either in the said proceeding or in any earlier proceeding relating to an assessment in respect of the same income year,- (a) 	concealed particulars of his income or furnished inaccurate particulars of such income; or (b) 	understated the value of any immovable property in connection with its sale or transfer with a view to evading tax, 806he or it shall impose upon such person a penalty of 807fifteen per cent of tax which would have been avoided had the income as returned by such person or, as the case may be, the value of the immovable property as stated by him been accepted as correct  808: 809Provided that if the concealment referred to in clause (a) and (b) of this sub-section or sub-section (2) is detected after a period of more than one year from the year in which the concealment was first assessable to tax, the amount of penalty shall increase by an additional 810fifteen per cent for each preceeding assessment year. (2) For the purpose of sub-section (1), concealment of particulars of income or furnishing of inaccurate particulars of income shall include,- (a) the suppression of any item of receipt liable to tax in whole or in part, or (b) 	showing any expenditure not actually incurred or claiming any deduction therefore. (2A) Omitted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন). (3) Omitted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন).
name: Omitted
details: 129. Incorrect distribution of income by registered firm.- Omitted by section 6 of অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন).
name: Penalty for incorrect or false audit report by chartered accountant.
details: 811129A. Penalty for incorrect or false audit report by chartered accountant. Where, in the course of any proceeding under this Ordinance, the Deputy Commissioner of Taxes, the Appellate Joint Commissioner, the Commissioner of Taxes (Appeals) or the Appellate Tribunal is satisfied beyond reasonable doubt that the audit report- 812(a) is not certified by a chartered accountant to the effect that the accounts are maintained and the statements are prepared and reported in accordance with the Bangladesh Accounting Standards (BAS) and the Bangladesh Financial Reporting Standards (BFRS), and are audited in accordance with the Bangladesh Standards on Auditing (BSA), or (b) is false or incorrect,  he shall impose upon such chartered accountant a penalty of a sum not less than fifty thousand taka but not more than two lakh taka.
name: Penalty for furnishing fake audit report
details: 813129B. Where, in the course of any proceeding under this Ordinance, the Deputy Commissioner of Taxes, the Appellate Joint Commissioner, the Commissioner (Appeals) or the Appellate Tribunal is satisfied beyond reasonable doubt that any audit report furnished by an assessee along with the return of income or thereafter for any income year is not signed by a chartered accountant or is believed to be false, such authority or the Tribunal, as the case may be, shall impose upon such assessee a penalty of a sum of one lakh taka for that income year.
name: Bar to imposition of penalty without hearing
details: 130. No order imposing a penalty under this Chapter 814or Chapter XIA shall be made on any person unless such person has been heard or has been given a reasonable opportunity of being heard.
name: Previous approval of Inspecting Joint Commissioner for imposing penalty
details: 131. The Deputy Commissioner of Taxes shall not impose any penalty under this Chapter without the previous approval of the Inspecting Joint Commissioner except in the cases referred to in section 124  815.
name: Previous approval of the Board for imposing penalty
details: 131A. Previous approval of the Board for imposing penalty.- Omitted by section 4 of অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন).
name: Orders of penalty to be sent to Deputy Commissioner of Taxes
details: 816132. The Appellate Tribunal or any income tax authority, not being the Deputy Commissioner of Taxes himself, making an order imposing any penalty under this Ordinance shall forthwith send a copy of the order to the Deputy Commissioner of Taxes, and thereupon all the provisions of this Ordinance relating to the recovery of penalty shall apply as if such order were made by the Deputy Commissioner of Taxes.
name: Penalty to be without prejudice to other liability
details: 133. The imposition on any person of any penalty under this Chapter shall be without prejudice to any other liability which such person may incur, or may have incurred, under this Ordinance or under any other law for the time being in force.
name: Revision of penalty based on the revised amount of income
details: 817133A. (1) Where a penalty imposed under this Chapter is directly related to the amount of income assessed under the provision of this Ordinance and the amount of income is revised subsequently by an order made under this Ordinance, the Deputy Commissioner of Taxes shall pass an order revising the order of penalty at the time of revising the income. (2) No order of enhancement of penalty shall be made unless the parties affected thereby have been given a reasonable opportunity of being heard. (3) Where, in the case mentioned in sub-section (1), an order of the revision of penalty is not issued despite the fact that the relevant assessment order has been revised, the parties affected can make an application to the Deputy Commissioner of Taxes requesting the revision of the amount of penalty and if no order has been made by within one hundred and eighty days from the receipt of such application, the amount of penalty shall be deemed to have been revised according to the revised amount of income and all the provisions of this Ordinance shall have effect accordingly.
name: Tax to include penalty, interest, etc.
details: 134. For the purposes of this Chapter, “tax” includes any sum imposed, levied or otherwise payable under this Ordinance as penalty, fine, interest 818, delay interest, additional amount,, fee or otherwise; and the provisions of this chapter shall accordingly apply to the recovery of any such sum.
name: Notice of demand
details: 135. (1) Where any tax is payable in consequence of any assessment made or any order passed under or in pursuance of this Ordinance, the Deputy Commissioner of Taxes shall serve upon the assessee (which expression includes any other person liable to pay such tax) a notice of demand in the prescribed form specifying therein the sum payable and the time within which, and the manner in which, it is payable, together with a copy of an assessment order. 819(1A) Where any amount of tax is refundable in consequence of any order,  820*** the Deputy Commissioner of Taxes shall specify in the notice referred to in sub-section (1) the sum refundable to the assessee together with a copy of an assessment order and a refund voucher unless such refund is set off against tax as per provision of section 152. 821(1B) The Deputy Commissioner of Taxes shall not set off without giving the assessee an opportunity of being heard and in that case refund voucher for the amount due for refund, if any, shall be issued within a period not exceeding thirty days from the date of assessment. (1C) Where the Deputy Commissioner of Taxes fails to issue refund voucher for any refund due to an assessee within the time specified in this section, such failure on the part of the Deputy Commissioner of Taxes shall be construed as misconduct. (2) Where the assessee upon whom a notice of demand has been issued under sub-section (1) makes an application in this behalf before the expiry of the date of payment specified in the notice, the Deputy Commissioner of Taxes may extend the time for payment or allow payment by instalments subject to such conditions, including payment of interest on the amount payable, as he may think fit in the circumstances of the case. (3) If the sum payable is not paid within the time specified in the notice of demand issued under sub-section (1) or, as the case may be, within the time as extended under sub-section (2), the assessee shall be deemed to be in default: Provided that where the assessee has presented an appeal under this Ordinance in respect of the assessment of imposition of the tax or of the amount thereof,  822the Deputy Commissioner of Taxes shall treat the assessee as not being in default for so long as such appeal is not disposed of. (4) If, in a case where payment by instalment has been allowed under sub-section (2), the assessee commits default in paying any one of the instalments within the time fixed therefore, the assessee shall be deemed to be in default as to the whole of the amount then outstanding, and the other instalment or instalments shall be deemed to have been due on the same date as the instalment in respect of which default has actually been committed was due for payment. (5) Where an assessee has been assessed in respect of income arising outside Bangladesh in a country the laws of which prohibit or restrict the remittance of money to Bangladesh, the Deputy Commissioner of Taxes shall not treat the assessee as in default in respect of that part of the tax which is due in respect of such amount of income as cannot, by reason of the prohibition or restriction, be brought into Bangladesh, and shall continue to treat the assessee as not in default in respect of such part of the tax until the prohibition or restriction is removed. Explanation.-For the purposes of this section, income shall be deemed to have been brought into Bangladesh if it has been or could have been utilized for the purposes of any expenditure actually incurred by the assessee outside Bangladesh or if the income, whether capitalized or not, has been brought into Bangladesh in any form.
name: Omitted
details: 136. Simple interest on delayed payment.- Omitted by section 5 of অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন).
name: Penalty for default in payment of tax
details: 137. (1) Where an assessee is in default or is deemed to be in default in making payment of tax, the Deputy Commissioner of Taxes may direct that, in addition to the amount of tax in arrears, a sum not exceeding that amount shall be recovered from the assessee by way of penalty. (2) Where, as a result of any final order, the amount of tax, with respect to the default in the payment of which the penalty was levied, has been wholly reduced, the penalty levied shall be cancelled and the amount of penalty paid shall be refunded.
name: Certificate for recovery of tax
details: 138. (1) When an assessee is in default or is deemed to be in default in making payment of tax, the Deputy Commissioner of Taxes may forward to the Tax Recovery Officer a certificate for recovery of the tax, under his signature specifying the amount of arrears due from the assessee; and such certificate may be issued notwithstanding that proceedings for recovery of the arrears by any other mode have been taken. (2) A certificate under sub-section (1) may be forwarded to- (a) 	the Tax Recovery Officer within whose jurisdiction the assessee carried on his business or profession or the principal place of business or profession of the assessee is situate; or (b) 	the Tax Recovery Officer within whose jurisdiction the assessee resides or any movable or immovable property of the assessee is situate; or (c) 	the Tax Recovery Officer who has jurisdiction in relation to the assessee whose income is assessable by the Deputy Commissioner of Taxes forwarding the certificate.
name: Method of recovery by Tax Recovery Officer
details: 139. (1) Upon receipt of a certificate forwarded to him under section 138, the Tax Recovery Officer shall, notwithstanding anything contained in any other law for the time being in force, proceed, in accordance with the rules made in this behalf by the Board, to recover from the assessee the amount specified in the certificate by one or more of the following modes, namely:- (a) 	attachment and sale, or sale without attachment, of any movable or immovable property of the assessee; (b) 	arrest of the assessee and his detention in prison; (c) 	appointment of a receiver for the management of the movable and immovable properties of the assessee. 823(2) While recovering under sub-section (1) the amount specified in the certificate forwarded to him, the Tax Recovery Officer may also recover in the same manner from the assessee in default, in addition to such amount, any cost and charges, including expenses on the service of any notice or warrant, incurred in the proceedings for the recovery of the tax in arrears. (a) 	the interest for which the assessee is liable under section 136; and (b) 	any cost and charges, including expenses on the service of any notice or warrant, incurred in the proceedings for the recovery of the tax in arrears. (3) If the Tax Recovery Officer to whom a certificate is forwarded under section 138 is not able to recover the entire amount by the sale of movable and immovable properties of the assessee within his jurisdiction, but has information that the assessee has property within the jurisdiction of another Tax Recovery Officer, he may send the certificate to such other Tax Recovery Officer or to the Tax Recovery Officer within whose jurisdiction the assessee resides; and the Tax Recovery Officer to  whom  the  certificate  has  been  so  sent  shall  proceed  to recover under this Chapter the amount remaining un-recovered as if the certificate was forwarded to him by the Deputy Commissioner of Taxes.
name: Power of withdrawal of certificate and stay of proceeding
details: 140. (1) Notwithstanding the issue of a certificate for recovery under section 138, the Deputy Commissioner of Taxes shall have power to withdraw, or correct any clerical or arithmetical error in the certificate by sending an intimation to that effect to the Tax Recovery Officer. (2) Where the order giving rise to a demand of tax for which a certificate for recovery has been issued has been modified in appeal or other proceedings under this Ordinance and, as a consequence thereof, the demand is reduced but the order is the subject-matter of further proceedings under this Ordinance, the Deputy Commissioner of Taxes shall stay the recovery of such part of the amount of the certificate as pertains to the said reduction for the period for which the appeal or other proceedings remain pending. (3) Where a certificate for recovery has been issued and subsequently the amount of outstanding demand is reduced as a result of appeal or other proceedings under this Ordinance, the Deputy Commissioner of Taxes shall, when the order, which was the subject-matter of such appeal or other proceeding, has become final and conclusive, amend the certificate or withdraw it, as the case may be. (4) The Deputy Commissioner of Taxes shall communicate to the Tax Recovery Officer any orders of cancellation, correction, stay of proceeding, withdrawal or amendment, as the case may be, of a certificate for recovery.
name: Validity of certificate for recovery not open to dispute
details: 141. When the Deputy Commissioner of Taxes forwards a certificate for recovery under section 138 to a Tax Recovery Officer, it shall not be open to the assessee to dispute before the Tax Recovery Officer the correctness of the assessment; and the Tax Recovery Officer shall not entertain any objection to the certificate on any ground whatsoever.
name: Recovery of tax through Collector of District
details: 142. (1) The Deputy Commissioner of Taxes may forward to the Collector of the District in which the office of the Deputy Commissioner of  Taxes is  situate or  the district  in  which  the assessee resides or owns property or carries on business or profession, a certificate under his signature specifying the amount of arrears due from an assessee, and the Collector, on receipts of such certificate shall proceed to recover, from such assessee the amount specified therein as if it were an arrear of land revenue. (2) Without prejudice to any other powers which the Collector of District may have in this behalf, he shall, for the purposes of recovery of the amount specified in the certificate for recovery forwarded to him under sub-section (1), have the powers which a Civil Court has under the Code of Civil Procedure, 1908 (Act V of 1908), for the purposes of recovery of an amount due under a decree. (3) The Deputy Commissioner of Taxes may, at any time, recall from the Collector of District a certificate forwarded to him under sub-section (1) and upon such recall, all proceeding commenced in pursuance of the certificate shall abate: Provided that the recall of a certificate shall not affect any recoveries made by the Collector before the recall as if the certificate had not, to the extent of such recovery, been recalled; nor shall the recall of a certificate issued at any time prevent the recovery, by issue of a fresh certificate, of any amount which was recoverable at the time the certificate so recalled was issued.
name: Recovery of tax through Special Magistrates
details: 824142A. (1) Without prejudice to the provisions of section 142, the Deputy Commissioner of Taxes may forward to a Magistrate of the First Class, specially empowered in this 825* * * behalf by the Government, hereinafter referred to as the Special Magistrate, in whose territorial jurisdiction the office of the Deputy Commissioner of Taxes is situate, or the assessee resides, or owns property or carries on business or profession, a certificate under his signature specifying the amount of arrears due from the assessee, and the Special Magistrate shall, on receipt of such certificate, proceed to recover from the assessee the amount specified therein as if it were an arrear of land revenue and the Special Magistrate were a Collector of District. (2) Without prejudice to any other powers of a Collector of District which the Special Magistrate may have in this behalf, he shall, for the purposes of recovery of the amount specified in the certificate for recovery forwarded to him under sub-section (1), have the powers which a Civil Court has under the Code of Civil Procedure, 1908 (Act V of 1908), for the purpose of recovery of an amount due under a decree. (3) The Deputy Commissioner of Taxes may, at any time, recall from the Special Magistrate a certificate forwarded to him under sub-section (1) and upon such recall, all proceedings commenced in pursuance of the certificate shall abate: Provided that the recall of a certificate shall not affect any recoveries made by the Special Magistrate before the recall as if the certificate had not, to the extent of such recovery, been recalled; nor shall the recall of a certificate issued at any time prevent the recovery, by issue of a fresh certificate of any amount which was recoverable at the time the certificate so recalled was issued.
name: Other modes of recovery
details: 143. (1) Notwithstanding the issue of a certificate for recovery of tax under section 138 or section 142, the Deputy Commissioner of Taxes may also recover the tax in the manner provided 826in sub-section (1A) or (2).  827(1A) For the purpose of recovery of tax payable by an assessee which is not disputed in appeal to any appellate forum, the Deputy Commissioner of Taxes may, with the previous approval of the Commissioner, after giving the assessee an opportunity of being heard, stop movement of any goods and services from the business premises of such assessee and also shutdown such business premises till the recovery of the tax referred to above or any satisfactory arrangement has been made for the recovery of such tax.  (2) For the purposes of recovery of any tax payable by an assessee, the Deputy Commissioner of Taxes may, by notice in writing, require any person.-  828“(a) from whom any money or goods is due or may become due to the assessee, or who holds, or controls the receipt or disposal of, or may subsequently hold, or control the receipt or disposal of, any money or goods belonging to, or on account of, the assessee, to – (i) pay to the Deputy Commissioner of Taxes the sum specified in the notice on or before the date specified therein for such payment; or (ii) stop the transfer of that goods to the assessee or the placement of that goods under the disposal of the assesse until the amount of tax mentioned in the notice has been paid or a satisfactory arrangement has been made with the Deputy Commissioner of Taxes for payment of such tax; or  (b) Who is responsible for payment of any sum to the assessee classifiable as income of the assessee under the head “Salaries”, to deduct from any payment subsequent to the date of the notice, any arrear of tax due from the assessee, and to pay the sum so deducted to the credit of the Government 829; 830(c) who is responsible for supplying gas, electricity, water or any other services to disconnect or discontinue such supply within twenty one days from the date of receipt of such notice.  (3) A person who has paid any sum as required by sub-section (2) (a) shall be deemed to have paid such sum under the authority of the assessee and the receipt by the Deputy Commissioner of Taxes shall constitute a good and sufficient discharge of the liability of such person to the assessee to the extent of the sum specified in the receipt.  (4) A person who has deducted any sum as required by sub-section (2) (b) shall be deemed to have deducted the tax under section 50 and the relevant provisions of Chapter VII shall apply accordingly.  (5) If the person to whom a notice under sub-section (2) is sent fails to make payment or to make deductions in pursuance of the notice, he shall be deemed to be an assessee in default in respect of the amount specified in the notice and proceedings may be taken against him for realisation of the amount as if it were an arrear of tax due from him; and the provisions of this Chapter shall apply accordingly.  (6) The Deputy Commissioner of Taxes may at any time amend or revoke any notice issued under sub-section (2) or extend the time for making any payment in pursuance of such notice.  (7) In any area with respect to which the Commissioner has directed that any arrears may be recovered by any process enforceable for the recovery of an arrear of any municipal tax or local rate imposed under any enactment for the time being in force in any part of Bangladesh, the Deputy Commissioner of Taxes may proceed to recover the amount due by such process.  (8) The Commissioner may direct by what authority any powers or duties incident under any such enactment as aforesaid to the enforcement of any process for the recovery of a municipal tax or local rate shall be exercised or performed when that process is employed under sub-section (7).  Explanation.-For the removal of doubts it is hereby clarified that the several modes of recovery specified in this Chapter are neither mutually exclusive nor affect in any way any other law for the time being in force relating to the recovery of debts due to Government, and it shall be lawful for the Deputy Commissioner of Taxes, if for any special reasons to be recorded by him, to have recourse to any such mode of recovery notwithstanding that the tax due is being recovered from an assessee by any other mode.
name: Agreement to avoid double taxation
details: 144. (1) The Government may enter into an agreement with the Government of any other country for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income leviable under this Ordinance and under the corresponding law in force in that country, and may, by notification in the official Gazette, make such provisions as may be necessary for implementing the agreement. (2) Where any such agreement as is referred to in sub-section (1) is made with the Government of any country, the agreement and the provisions made for implementing it shall, notwithstanding anything contained in any other law for the time being in force, have effect in so far as they provide for- (a) 	relief from the tax payable under this Ordinance; (b) 	determining the income accruing or arising, or deemed to be accruing or arising, to non-residents from sources within Bangladesh; (c) 	where all the operations of business or profession are not carried on within Bangladesh, determining the income attributable to operations carried on within or outside Bangladesh, or the income chargeable to tax in Bangladesh in the hands of non-residents, including their agencies, branches or establishments in Bangladesh; (d) 	determining the income to be attributable to any person resident in Bangladesh having any special relationship with a non-resident; (e) 	recovery of tax leviable under this Ordinance and under the corresponding law in force in that country; or (f) 	exchange of information for the prevention of fiscal evasion or avoidance of tax on income chargeable under this Ordinance and under the corresponding law in force in that country. (3) Any agreement made in pursuance of sub-section (1) may include provisions for relief from tax for any period before the commencement of this Ordinance or before the making of the agreement and provisions as to incomes which are not themselves subject to double taxation. (4) The provisions of the Seventh Schedule shall have effect where an agreement under this section provides that the tax payable under the laws of the country concerned shall be allowed as a credit against the tax payable in Bangladesh.
name: Relief in respect of income arising outside Bangladesh
details: 145. If any person who is resident in Bangladesh in any year proves to the satisfaction of the Deputy Commissioner of Taxes that, in  respect  of  any  income  which  has  accrued  or	arisen to him during that year outside Bangladesh, he has paid tax, by deduction or otherwise, in any country with which there is no reciprocal arrangement for relief or avoidance of double taxation, the Deputy Commissioner of Taxes may, subject to such rules as the Board may make in this behalf, deduct from the tax payable by him under this Ordinance a sum equal to the tax calculated on such doubly taxed income at the average rate of tax of Bangladesh or the average rate of tax of the said country, whichever is the lower. Explanation.-The expression “average rate of tax” means the rate arrived at by dividing the amount of tax calculated on the total income by such income.
name: Entitlement to refund
details: 146. (1) A person, who satisfies the Deputy Commissioner of Taxes or other authority appointed by the Government in this behalf that the amount of tax paid by him or on his behalf, or treated as paid by him or on his behalf, for any year exceeds the amount with which he is properly chargeable under this Ordinance for that year, shall be entitled to a refund of any such excess. (2) Where the income of the person is included under any provision of this Ordinance in the total income of any other person, such other person alone shall be entitled to a refund under this Chapter in respect of such income.
name: Claim of refund for deceased or disabled persons
details: 147. Where through death incapacity, insolvency, liquidation or other cause, a person, is unable to claim or receive any refund due to him, his legal representative, or the trustee, guardian or receiver, as the case may be, shall be entitled to claim or receive such refund for the benefit of such person or his estate.
name: Correctness of assessment, etc., not to be questioned
details: 148. In any claim for refund under this Chapter, it shall not be open to the claimant to question the correctness or validity of any assessment or other matter which has become final and conclusive or to ask for a review of the same, and the claimant shall not be entitled to any relief on any such issue raised except refund of the tax paid in excess.
name: Refund on the basis of orders in appeal
details: 149. Where, as a result of any order passed in appeal or other proceeding under this Ordinance, refund of any amount becomes due to an assessee, the Deputy Commissioner of Taxes shall,  831 refund the amount, unless set off against tax or treated as payment of tax as per provisions of section 152, to 832the assessee,  833within sixty days from the date on which the refund has become due without his having to make any claim in that behalf.
name: Form of claim and limitation
details: 150. (1) Every claim for refund 834 under sections 146 and 147 shall be made in such form and verified in such manner as may be prescribed. (2) Omitted by section 60 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন).
name: Interest on delayed refund
details: 151. Where a refund due to an assessee is not paid within two months of the date of the  835* * *  836claim for refund or refund becoming due consequent upon any order passed in appeal or other proceeding under this Ordinance interest at the rate of  837seven and a half per cent per annum shall be payable to the assessee on the amount of refund from the month following the said two months to the date of issue of the refund.
name: Adjustment of refund against tax
details: 152. Where, under the provisions of this Ordinance, the Income-tax Act, 1922 (XI of 1922), the Gift-tax Act, 1963 (XIV of 1963), or the Wealth-tax Act, 1963 (XV of 1963), any refund or repayment is found to be due to any person, the amount to be refunded or repaid or any part thereof may be set off against the tax, payable by that person under this Ordinance  838or treated, at the option in writing of that person, as payment of tax payable under section 64 or section 74 thereof.
name: Omitted
details: 152A, 152B, 152C, 152D and 152E Omitted by section 61 of the Finance Act, 2002 (Act No. XIV of 2000)
name: Alternative Dispute Resolution.
details: 152F.(1) Notwithstanding anything contained in Chapter XIX any dispute of an assessee lying with any income tax authority, Taxes Appellate Tribunal or Court may be resolved through Alternative Dispute Resolution (hereinafter referred to as ADR) in the manner described in the following sections of this Chapter and rules made thereunder. (2) Board may, by notification in the official Gazette, specify the class or classes of assessees eligible for ADR or extend the area or areas in which these provisions may be applied.
name: Commencement of ADR.
details: 152G.The ADR as mentioned in this Chapter shall come into force on such date and in such class or classes of assessees as the Board may determine by notification in the official Gazette.
name: Definition
details: 152H.For the purposes of this Chapter, unless the context otherwise requires- (a)  "authorised representative" means an authorised representative mentioned in sub-section (2) of section 174; (b) "bench" means bench of Taxes Appellate Tribunal; (c) "Commissioner's Representative" means an officer or officers nominated by the Commissioner of Taxes from among the income tax authorities under section 3 to represent in the Alternative Dispute Resolution process under this Chapter; (d) "court" means the Supreme Court; (e) "dispute" means an objection of an assessee regarding- (i) assessment of income above the income declared by him in his return of income for the relevant year, or (ii)  order of an appellate authority under chapter XIX which results in assessment of income which is above the declared amount in his return of income;
name: Stay of proceeding in case of pending appeal or reference at Appellate Tribunal or High Court Division.
details: 840152II. Where an assessee has filed an application for ADR for any income year and for the same income year, the Deputy Commissioner of Taxes has filed an appeal before the Appellate Tribunal or the Commissioner has made a reference before the High Court Division and no decision has been made in that respect by the Appellate Tribunal or High Court Division as the case may be, the proceeding of such appeal or reference shall remain stayed till disposal of the application for ADR.
name: Application for alternative resolution of disputes.
details: 152I.(1) Notwithstanding anything contained in Chapter XIX an assessee, if aggrieved by an order of an income tax authority, may apply for resolution of the dispute through the ADR process. (2) An assessee may apply for ADR of a dispute which is pending before any incometax authority, tribunal or court 841; 842Provided that where any dispute has already been filed in the form of Writ petition shall not be a subject of ADR. (3) All cases dealt with under sub-section (2) are subject to permission of the concerned income tax authority 843, tribunal or the court, as the case may be: Provided that after obtaining such permission from the income tax authority, Tribunal or the court and upon granting of such permission, the matter shall remain stayed during the ADR negotiation process. (4) The application shall be submitted in such form, within such time, accompanied with such fees and verified in such manner as may be prescribed. (5) The application is to be submitted to the respective Appellate Joint Commissioner of Taxes or Appellate Additional Commissioner of Taxes or Commissioner of Taxes (Appeals) or Taxes Appellate Tribunal, as the case may be. 844(5A) The application may also be filed in such electronic, computer readable or machine readable form and in such manner as may be specified by the Board by order in writing. (6) In the case of a dispute pending before either Division of the Supreme Court, the assessee shall obtain the permission of the court prior to filing an application under sub-section (2), by filing an application before the court which, upon such an application being made before it, may pass an order allowing the matter to proceed to ADR, or otherwise as it deems fit.
name: Eligibility for application for ADR
details: 845152J. An assessee shall not be eligible for application to ADR if he fails to pay tax payable under section 74 where the return of income for the relevant year or years has been submitted.
name: Appointment of Facilitator and his duties and responsibilities.
details: 152K.  For the purposes of resolving a dispute in an alternative way, the Board may select or appoint Facilitator and determine his 846fees, duties and responsibilities by rules.
name: Rights and duties of the assessee for ADR.
details: 152L.(1) Subject to subsection (2), the assessee applying for ADR shall be allowed to negotiate himself personally or alongwith an authorized representative, with the Commissioner's Representative for the concerned dispute under the facilitation and supervision of the Facilitator. (2) The Facilitator may exempt the applicant-assessee from personally attending the negotiation process and may be allowed to represent himself by an authorised representative, if he has sufficient reasons for his absence. (3) While submitting an application for ADR, the applicantassessee shall submit all related papers and documents, disclose all issues of law and facts. (4) The applicant-assessee shall be cooperative, interactive, fair and bonafide while negotiating for resolution. (5) If the applicant-assessee makes any untrue declaration, submits any false document and obtains an order or assessment on that basis, the order or assessment shall be set aside, if so detected, and appropriate legal action be initiated against him. (6) The applicant-assessee shall be liable to pay any taxes, if due as a result of negotiation with the time frame as decided in the ADR.
name: Nomination and responsibility of the Commissioner's Representative in ADR.
details: 152M. (1) The respective Commissioner of Taxes may nominate any income tax authority subordinate to him, not below the rank of Deputy Commissioner of Taxes to represent him in the negotiation process of the ADR. (2) The representative so nominated under sub-section (1) shall attend the meeting(s) of ADR negotiation process and sign the agreement of such negotiation process, where an agreement is reached.
name: Procedures of disposal by the Alternative Dispute Resolution.
details: 152N.(1) Upon receiving the application of ADR, the Facilitator shall forward a copy of the application to the respective Deputy Commissioner of Taxes and also call for his opinion on the grounds of the application and also whether the conditions referred to in sections 152I and 152J have been complied with. (2) If the Deputy Commissioner of Taxes fails to give his opinion regarding fulfillment of the conditions within 847five working days from receiving the copy mentioned in clause (c) of sub-section (3), the Facilitator may deem that the conditions thereto have been fulfilled. (3) The Facilitator may- (a) notify in writing the applicant and the Commissioner of Taxes or the Commissioner's Representative to attend the meetings for settlement of disputes on a date mentioned in the notice; (b) if he considers it necessary to do so, adjourn the meeting from time to time; (c) call for records or evidences from the Deputy Commissioner of Taxes or from the applicant before or at the meeting, with a view to settle the dispute; and (d) before disposing of the application, cause to make such enquiry by any incometax authority as he thinks fit. (4) The Facilitator will assist the applicant-assessee and the Commissioner's Representative to agree on resolving the dispute or disputes through consultations and meetings.
name: Effect of agreement.
details: 152P. (1) Notwithstanding anything contained in any provision of this Ordinance, where an agreement is reached, under sub-section (9) of section 152O, it shall be binding on both the parties and it cannot be challenged in any authority, Tribunal or court either by the assessee or any other income tax authority. (2) Every agreement, concluded under section 152O shall be conclusive as to the matters stated therein and no matter covered by such agreement shall, save as otherwise provided in this Ordinance, be reopened in any proceeding under this Ordinance.
name: Bar on suit or prosecution.
details: 152S. No civil or criminal action shall lie against any person involved in the ADR process before any court, tribunal or authority for any action taken or agreement reached in good faith.
name: Decision of the ADR.
details: 152O. (1) A dispute, which is subject to this Ordinance, may be resolved by an Agreement either wholly or in part where both the parties of the dispute accept the points for determination of the facts or laws applicable in the dispute. (2) Where an agreement is reached, either wholly or in part, between the assessee and the Commissioner's Representative, the Facilitator shall record, in writing, the details of the agreement in the manner as may be prescribed. (3) The recording of every such agreement shall describe the terms of the agreement including any tax payable or refundable and any other necessary and appropriate matter, and the manner in which any sums due under the agreement shall be paid and such other matters as the Facilitator may think fit to make the agreement effective. (4) The agreement shall be void if it is subsequently found that it has been concluded by fraud or misrepresentation of facts. (5) The agreement shall be signed by the assessee and the Commissioner's Representative and the facilitator. (6) Where no agreement, whether wholly or in part, is reached or the dispute resolution is ended in disagreement between the applicantassessee and the concerned Commissioner's Representative for noncooperation of either of the parties, the Facilitator shall communicate it, in writing recording reasons thereof, within fifteen days from the date of disagreement, to the applicant and the Board, the concerned court, Tribunal, appellate authority and income tax authority, as the case may be, about such unsuccessful dispute resolution. (7) Where the agreement is reached, recorded and signed accordingly containing time and mode of payment of payable dues or refund, as the case may be, the Facilitator shall communicate the same to the assessee and the concerned Deputy Commissioner of Taxes for compliance with the agreement as per provisions of this Ordinance. (8) No agreement shall be deemed have been reached if the Facilitator fails to make an agreement within 848three months from the end of the month in which the application is filed. (9) Where there is a successful agreement, the Facilitator shall communicate the copy of the agreement to all the parties mentioned in sub-section (6) within fifteen days from the date on which the Facilitator and the parties have signed the agreement.
name: Limitation for appeal where agreement is not concluded.
details: 152Q.(1) Notwithstanding anything contained in any provision of this Ordinance, where an agreement is not reached under this Chapter, wholly or in part, the assessee may prefer an appeal- (a)  to the Appellate Joint Commissioner of Taxes or Appellate Additional Commissioner of Taxes or Commissioner of Taxes (Appeals), as the case may be, where the dispute arises out of an order of a Deputy Commissioner of Taxes; (b) to the Taxes Appellate Tribunal where the dispute arises out of an order of the Appellate Joint Commissioner of Taxes or Appellate Additional Commissioner of Taxes or Commissioner of Taxes (Appeals), as the case may be; and (c)  to the respective appellate authority or court from where the assessee-applicant has got permission to apply for ADR. (2) In computing the period of limitations for filing appeal, the time elapsed between the filing of the application and the decision or order of the ADR shall be excluded. 849 Explanation.- For the purpose of this section, “prefer an appeal” means the revival of the appeal with an intimation in writing to the respective appellate authority.
name: Post verification of the agreement.
details: 152R.(1) The Board may monitor the progress of disposal of the application for ADR in the manner as may be prescribed and ensure necessary support and coordination services. (2) Copies of all agreement or matter of disagreement shall be sent by the Facilitator to the respective Commissioner and Board for verification and ascertainment of whether the agreement is legally and factually correct. (3) After receiving the copy of agreement or matter of disagreement, if it appears to the Board that the alleged agreement is obtained by fraud, misrepresentation or concealment of fact causing loss of revenue, then such agreement shall be treated as void and the matter shall be communicated to the concerned authorities, Tribunal or court for taking necessary action.
name: Appeal to appellate income tax authority
details: 850153. (1) Any person aggrieved by order of an income tax authority regarding the following matters may appeal to the respective appellate income-tax authority- (i) assessment of income; (ii) computation of tax liability or refund; (iii) set off or carry forward of loss; (iv) imposition of any penalty or interest; (v) charge and computation of surcharge or any other sum; (vi) credit of tax; and  (vii) payment of a refund. (2) Subject to sub-section (3), an appeal in the following cases shall be made only to the Commissioner of Taxes (Appeals)- (i) appeal by a company; (ii) appeal against an order under section  120; (iii) appeal against an order of adjustment or penalty involving international transactions as defined in 107A; (iv) appeal against an order, in matters mentioned in sub-section (1), made by an income tax authority in the rank of a Joint Commissioner of Taxes or above. (3) The Board may- (i) assign any appeal to any appellate income-tax authority; (ii) transfer an appeal from one appellate income-tax authority to another appellate income-tax authority. (4) No appeal shall lie in respect of an income which is computed as a share of the taxed income. (5)  No appeal shall lie against any order of assessment in the following cases- (i) Where the return of income was filed if tax under section 74 has not been paid (ii) Where no return of income was filed if  at least ten per cent of the tax as determined by the Deputy Commissioner of Taxes has not been paid: Provided that where the tax on the basis of return has been paid by the appellant before filing the appeal and the appellate income-tax authority is convinced that the appellant was barred by sufficient reason from paying the tax before filing the return, it may allow the appeal for hearing. Explanation.- In this section, appellate income-tax authority means the Commissioner of Taxes (Appeals) or the Appellate Joint Commissioner of Taxes, as the case may be.
name: Form of appeal and limitation
details: 154. (1) Every appeal under section 153 shall be drawn up in such form and verified in such manner as may be prescribed and shall be accompanied by a fee of  851two hundred taka.  852(1A) The Board may, by notification in the official Gazette,- (a) specify 853the cases in which the appeal shall be filed electronically or in any other machine readable or computer readable media; (b) specify the form and manner in which such appeal shall be filed. (2) Subject to sub-section (3), an appeal shall be presented within  854forty five days,- (a) 	if it relates to any assessment or penalty, from the date of service of the notice of demand relating to the assessment or penalty, as the case may be; and (b) 	in any other case, from the date on which the intimation of the order to be appealed against is served. (3) The Appellate Joint Commissioner  855or the Commissioner (Appeals), as the case may be, may admit an appeal after the expiration of the period of limitation specified in sub-section (2) if he is satisfied that the appellant was prevented by sufficient cause from presenting the appeal within that period.
name: Procedure in appeal before the Appellate Joint Commissioner or the Commission (Appeals)
details: 155. (1) The Appellate Joint Commissioner  857or the Commissioner (Appeals) shall fix a day and place for the hearing of the appeal and give notice thereof to the appellant and the Deputy Commissioner of Taxes against whose order the appeal has been preferred. (2) The appellant and the Deputy Commissioner of Taxes shall have the right to be heard at the hearing of the appeal either in person or by a representative. (3) The Appellate Joint Commissioner  858or the Commissioner (Appeals) may, if he considers it necessary to do so, adjourn the hearing of the appeal from time to time. (4) The Appellate Joint Commissioner  859or the Commissioner (Appeals) may, before or at the hearing of an appeal, allow the appellant to go into any ground of appeal not earlier specified in the grounds of appeal already filed if he is satisfied that the commission of that ground from the form of appeal was not wilful or unreasonable. (5) The Appellate Joint Commissioner  860or the Commissioner (Appeals) may, before or at the hearing of an appeal,  make  such  enquiry  as  he  thinks  fit  or  call  for such particulars as he may require respecting the matters arising in appeals or cause further enquiry to be made by the Deputy Commissioner of Taxes. (6) While hearing an appeal the Appellate Joint Commissioner  861or the Commissioner (Appeals) shall not admit any documentary material or evidence which was not produced before the Deputy Commissioner of Taxes unless he is satisfied that the appellant was prevented by sufficient cause from producing such material or evidence before the Deputy Commissioner of Taxes.
name: Decision in appeal by the Appellate Joint Commissioner or the Commission (Appeals)
details: 156. (1) In disposing of an appeal, the Appellate Joint Commissioner  863or the Commissioner (Appeals)  may- (a) 	in the case of an order of assessment, confirm, reduce, enhance, set aside or annual the assessment; (b) 	in the case of an order imposing a penalty, confirm, set aside or cancel such order or vary it so as either to enhance or to reduce the penalty; and (c) 	in any other case, pass such order as he thinks fit  864: Provided that an order of assessment or penalty shall not be set aside except in a case where the Appellate Joint Commissioner or the Commissioner (Appeals) is satisfied that a notice on the assessee has not been served in accordance with the provisions of section 178. (2) The Appellate Joint Commissioner  865or the Commissioner (Appeals) shall not enhance as assessment or a penalty or reduce the amount of refund unless the appellant has been given a reasonable opportunity of showing cause against such enhancement or reduction. (3) The order of the Appellate Joint Commissioner  866or the Commissioner (Appeals) disposing of an appeal shall be in writing and shall state the points for determination, the decision thereon and the reasons for the decision. (4) Where, as a result of an appeal, any charge is made in the assessment of a firm or an association of persons, the Appellate Joint Commissioner  867or the Commissioner (Appeals) may direct the Deputy Commissioner of Taxes to amend accordingly any assessment made on any partner of the firm or any member of the association. (5) On the disposal of an appeal, the Appellate Joint Commissioner  868or the Commissioner (Appeals) shall communicate the order passed by him to the appellant, the Deputy Commissioner of Taxes and the Commissioner  869within  870thirty days of the passing of such order. (6) Notwithstanding anything contained in this Ordinance, an appeal to the Appellate Joint Commissioner  or the Commissioner (Appeals) shall be deemed to have been allowed if the Appellate Joint Commissioner  871or the Commissioner (Appeals) fails to make an order thereon within 872one hundred and fifty days from the end of the month on which the appeal was filed.
name: Appeal against order of Tax Recovery Officer
details: 157. Any person aggrieved by an order of the Tax Recovery Officer under section 139 may, within thirty days from the date of service of the order, appeal to the Inspecting Joint Commissioner to whom the Tax Recovery Officer is subordinate, and the decision of the Inspecting Joint Commissioner on such appeal shall be final.
name: Appeal to the Appellate Tribunal
details: 158. (1) An assessee may appeal to the Appellate Tribunal if he is aggrieved by an order of-  (a) an Appellate Joint Commissioner 873or the Commissioner (Appeals), as the case may be, under section 128 or 156;  874* * *  875(2) No appeal under sub-section (1) shall lie against an order of the Appellate Joint Commissioner or the Commissioner (Appeals), as the case may be, unless the assessee has paid 876ten percent of the amount representing the difference between the tax as determined on the basis of the order of the Appellate Joint Commissioner or the Commissioner (Appeals), as the case may be, and the tax payable under section 877:  Provided that on an application made in this behalf by the assessee, the Commissioner of Taxes, may reduce, the requirement of such payment if the grounds of such application appears reasonable to him 878and shall pass such or derin this regardas he thinks fit within thirty days from date of the receipt of such application.  879(2A) The Deputy Commissioner of Taxes may, 880with the prior approval of the Commissioner of Taxes, prefer an appeal to the Appellate Tribunal against the order of an Appellate Joint Commissioner, or the Commissioner (Appeals) under section 156.  (3) Omitted by section 63 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন).  881(4) Every appeal under 882sub-section (1) or sub-section (2A) 883* * * shall be filed within sixty days of the date on which the order sought to be appealed against is communicated to the assessee or to the commissioner, as the case may be:  Provided that the Appellate Tribunal may admit an appeal after the expiry of sixty days if it is satisfied that there was sufficient cause for not presenting the appeal within that period.  (5) An appeal to the Appellate Tribunal shall be in such form and verified in such manner as may be prescribed 884and shall, except in the case of an appeal under sub-section (2A) 885* * * be accompanied by a fee of 886one thousand taka. 887(6) The Board may, by notification in the official Gazette,- (a) specify 888the cases in which the appeal shall be filed electronically or in any other machine readable or computer readable media; (b) specify the form and manner in which such appeal shall be filed.
name: Disposal of appeal by the Appellate Tribunal
details: 159. (1) The Appellate Tribunal may, after giving both the parties to the appeal an opportunity of being heard, pass such orders on the appeal as it thinks fit. (2) Before disposing of any appeal, the Appellate Tribunal may call for such particulars as it may require respecting the matters arising in the appeal or cause further enquiry to be made by the Deputy Commissioner of Taxes. (3) Where, as a result of the appeal, any change is made in the assessment of a firm or association of persons, or a new assessment of a firm or association of person, is ordered to be made, the Appellate Tribunal may direct the Deputy Commissioner of Taxes to amend accordingly any assessment made on any partner of the firm or any member of the association. (4) The Appellate Tribunal shall communicate its order on the appeal  889to the assessee and to the Commissioner within 890thirty days  from the date of such order. (5) Save as hereafter provided in this Chapter, the orders passed by the Appellate Tribunal on appeal shall be final. 891(6) Notwithstanding anything contained in this Ordinance an appeal filed by an assessee to the Appellate Tribunal shall be deemed to have been allowed if the Appellate Tribunal fails to make an order thereon within a period of 892six months from the end of the month in which the appeal was filed 893, and where a case is heard by two members and an additional member is appointed for hearing the case because of the difference of decision of the two members, the period shall be eight months from the end of the month in which the appeal was filed: Provided that the provisions of this sub-section shall not apply to an appeal filed by an assessee at any time before  the 1st day of July, 1991  894: Provided further that the provisions of this sub-section shall, in relation to an appeal filed by an assessee at any time during the period between the first day of July, 1995 and the thirtieth day of June, 1996 (both days inclusive), have effect as if for the words “two years” the words “three years” were substituted on the day on which section 21 of অর্থ আইন, ১৯৯১ (১৯৯১ সালের ২১ নং আইন)) came into force  895: Provided further that the provisions of this sub-section shall, in relation to an appeal filed by an assessee on or after the first day of July, 1999, have effect as if for the words “two years from the end of the year” the words “two years from the end of the month” were substituted  896: Provided further that the provisions of this sub-section shall, in relation to an appeal filed by an assessee before the first day of July, 2002, have effect as if the words “six months from the end of the month in which appeal was filed” were substituted by the words “one year from the end of the year in which appeal was filed: Provided further that the appeals filed by the Deputy Commissioner of Taxes on or before the thirtieth day of June, 2002 on which no order was passed by the Appellate Tribunal till that date shall be deemed to have been withdrawn from first of July, 2002
name: Reference to the High Court Division
details: 160. (1) The assessee or the Commissioner may,  897within ninety days from the date of receipt of the order of the Appellate Tribunal communicated to him under section 159, by application in the prescribed form, accompanied, in the case of an application by the assessee, by a fee of  898two thousand taka, refer to the High Court Division any question of law arising out of such order  899: 900Provided that no reference under sub-section (1) shall lie against an order of the Taxes Appellate Tribunal, unless the assessee has paid the following tax at the rate of- (a) 901fifteen per cent of the difference between the tax as determined on the basis of the order of the Taxes Appellate Tribunal and the tax payable under section 74 where tax demand does not exceed one million taka; (b) 902twenty five per cent of the difference between the tax as determined on the basis of the order of the Taxes Appellate Tribunal and the tax payable under section 74 where tax demand exceeds one million taka: Provided further that the Board may, on an application made in this behalf, modify or waive, in any case, the requirement of such payment. (2) An application under sub-section (1) shall be in triplicate and shall be accompanied by the following documents, namely:- (a) 	certified copy, in triplicate, of the order of the Appellate Tribunal out of which the question of law has arisen; (b) 	certified copy, in triplicate, of the order of the Deputy Commissioner of Taxes, the Inspecting Joint Commissioner or the Appellate Joint Commissioner  903or the Commissioner (Appeals), as the case may be, which was the subject-matter of appeal before the Appellate Tribunal; and (c) 	certified copy, in triplicate, of any other document the contents of which are relevant to the question of law formulated in the application and which was produced before the Deputy Commissioner of Taxes, the Inspecting Joint Commissioner, the Appellate Joint Commissioner  904or the Commissioner (Appeals) or the Appellate Tribunal, as the case may be, in the course of any proceedings relating to any order referred to in clause (a) or (b). (3) Where the assessee is the applicant, the Commissioner shall be made a respondent; and where the Commissioner is the applicant the assessee shall be made a respondent: Provided that where an assessee dies or is succeeded by another person or is a company which is being wound up, the application shall not abate and may, if the assessee was the applicant, be continued by, and if he was the respondent, be continued against, the executor, administrator or successor or other legal representative of the assessee, or by a against the liquidator or receiver, as the case may be. (4) On receipt of the notice of the date of hearing of the application, the respondent shall, at least seven days before the date of hearing submit in writing a reply to the application; and he shall therein specifically admit or deny whether the question of law formulated by the applicant arises out of the order of the Appellate Tribunal. (5) If the question formulated by the applicant is, in the opinion of the respondent, defective, the reply shall state in what particular the question is defective and what is the exact question of law, if any, which arises out of the said order; and the reply shall be in triplicate and he accompanied by any documents which are relevant to the question of law formulated in the application and which were produced before the Deputy Commissioner of Taxes, the Inspecting Joint Commissioner, the Appellate Joint Commissioner  905, the Commissioner (Appeals) or the Appellate Tribunal, as the case may be, in the course of any proceedings relating to any order referred to in sub-section (2)(a) or (b). (6) Section 5 of the Limitation Act, 1908 (IX of 1908), shall apply to an application under sub-section (1).
name: Decision of the High Court Division
details: 161. (1) Where any case has been referred to the High Court Division under section 160, it shall be heard by a Bench of not less than two judges and the provisions of section 98 of the Code of Civil Procedure, 1908 (V of 1908), shall, so far as may be, apply in respect of such case. (2) The High Court Division shall, upon hearing any case referred to it under section 160, decide the questions of law raised thereby and shall deliver its judgment thereon stating the grounds on which such decision is founded and shall send a copy of such judgment under the seal of the Court and the signature of the Registrar to the Appellate Tribunal which shall pass such orders as are necessary to dispose of the case in conformity with the judgment. (3) The costs in respect of a reference to the High Court Division under section 160 shall be in the discretion of the Court. (4) Notwithstanding that a reference has been made under section 160 to the High Court Division, tax shall be payable in accordance with the assessment made in the case unless the recovery thereof has been stayed by the High Court Division.
name: Appeal to the Appellate Division
details: 162. (1) An appeal shall lie to the Appellate Division from any judgment of the High Court Division delivered under section 161 in any case which the High Court Division certifies to be a fit one for appeal to the Appellate Division  906: 907* * * (2) The provisions of the Code of Civil Procedure, 1908 (Act V of 1908), relating to appeals to the Appellate Division shall, so far as may be, apply in the case of appeals under this section in like manner as they apply in the case of appeals from decrees of the High Court Division: Provided that nothing in this sub-section shall be deemed to affect the provision of section 161(2) or (4): Provided further that the High Court Division may, on petition made for the execution of the order of the Appellate Division in respect of any costs awarded thereby, transmit the order for execution to any Court subordinate to the High Court Division. (3) Where the judgment of the High Court Division is varied or reversed in appeal under this section, effect shall be given to the order of the Appellate Division in the manner provided in section 161 (2) and (4) in respect of a judgment of the High Court Division. (4) The provisions of sub-section (3) and sub-section (4) of section 161 relating to costs and payment of tax shall apply in the case of an appeal to the Appellate Division as they apply to a reference to the High Court Division under section 160.
name: Statement, returns, etc., to be confidential
details: 163. (1) Save as provided in this section, all particulars or information contained in the following shall be confidential and shall not be disclosed, namely:- (a) any statement made, return furnished or accounts or documents produced under the provisions of this Ordinance; (b) any evidence given, or affidavit or deposition made, in the course of any proceedings under this Ordinance other than proceedings under Chapter XXI; (c) any record of any assessment proceedings or any proceeding relating to the recovery of demand under this Ordinance. (2) Notwithstanding anything contained in the Evidence Act, 1872 (I of 1872), or any other law for the time being in force, no Court or other authority shall, save as provided in this Ordinance, be competent to require any public servant to produce before it any return, accounts or documents contained in, or forming a part of, the records relating to any proceeding under this Ordinance or to given evidence before it in respect thereof. (3) The prohibition under sub-section (1) shall not apply to the disclosure of- (a) any particulars, or in respect of any statement, return, accounts, documents, evidence, affidavit or deposition required for the purposes of prosecution of an offence under this Ordinance, the Penal Code (XLV of 1860), or the Foreign Exchange Regulation Act, 1947 (VII of 1947); (b) any particulars or information which is necessary for the purposes of this Ordinance to any person acting in the execution of this Ordinance, or of any particulars to any person being an expert whose services have been placed at the disposal of the Government by any international organisation of which Bangladesh is a member; (c) any particulars or information which is occasioned by the lawful employment under this Ordinance of any process for the service of any notice or the recovery of any demand; (d) any particulars of the amount due from an assessee under this Ordinance by the Board or any officer authorised by it, or by the Commissioner, to any department of the Government, local authority, bank, corporation or other organisation for the purpose of the recovery of any demand; (e) any particulars to a Civil Court in any suit which relates to any matter arising out of any proceeding under this Ordinance and to which Government is a party; (f) any particulars to the Comptroller and Auditor-General of Bangladesh for the purpose of enabling him to discharge his functions under the Constitution; (g) any particulars to any officer appointed by the Comptroller and Auditor-General of Bangladesh or the Board for the purpose of auditing tax receipts or refunds; (h) any particulars relevant to any inquiry into the conduct of any official of the income tax department to any person appointed to hold such inquiry or to a Public Service Commission established under the Constitution when exercising its functions in relation to any matter arising out of any such inquiry; (i) any particulars relevant to any inquiry into a charge of misconduct in connection with income tax proceedings against a lawyer, a chartered accountant or a cost and management accountant to any authority empowered to take disciplinary action against such lawyer, chartered accountant or cost and management accountant; (j) any particulars by a public servant where the disclosure is occasioned by the lawful exercise by him of the powers under the Stamp Act, 1899 (II of 1899), to impound an insufficiently stamped document; (k) any facts to an authorised officer of the Government of any country outside Bangladesh with which the Government of the People's Republic of Bangladesh has entered into an agreement for the avoidance of double taxation and the prevention of fiscal evasion where such disclosure is required under the terms of the agreement; (l) any such facts to any officer of the Government as may be necessary for the purpose of enabling the Government to levy or realise any tax imposed by it; 908 (m) any such facts to any authority exercising power under the Excise and Salt Act, 1944 (I of 1944), the Gift-tax Act, 1963 (XIV of 1963), দান কর আইন, ১৯৯০ (১৯৯০ সনের ২২ নং আইন), the Wealth-tax Act, 1963 (XV of 1963), the Customs Act, 1969 (IV of 1969), the Sales tax Ordinance, 1982 (XVIII of 1982) or 909 , মূল্য সংযোজন কর আইন, ১৯৯১ (১৯৯১ সনের ২২ নং আইন) or মূল্য সংযোজন কর ও সম্পূরক শুল্ক আইন, ২০১২ (২০১২ সনের ৪৭ নং আইন)  as may be necessary for the purpose of enabling it duly to exercise such powers; (n) so much of any such particulars, to the appropriate authority as may be necessary to establish whether a person has or has not been assessed to income tax in any particular year or years, where, under the provisions of any law for the time being in force, such fact is required to be established; (o) any such particulars to the Bangladesh Bank as are required by that Bank to enable it to discharge its functions under the foreign exchange control laws or to compile financial statistics of international investments and balance of payments; (p) any such information as may be required by any officer or department of the Government for the purpose of investigation into the conduct and affairs of a public servant; 910 ***  911 (pp) any such information as may be required for the purpose of investigation relating to money laundering and terrorist financing if the information is requested by the authority responsible for giving approval to a prosecution relating to money laundering and terrorist financing;  (q) any such particulars as may be required by any order made under section 19(2) of the Foreign Exchange Regulation Act, 1947 (VII of 1947) 912 ; 913 *** 914 (r) a list of highest taxpayers or distinguished taxpayers in accordance with rules made or guidelines issued by the board on this behalf; 915 ; (s) the particulars of any assessee mentioned in the certificate issued under section 184B to any person or authority mentioned in sub-section (1) of section 184A for the purpose of verifying the authenticity of the twelve-digit Taxpayer’s Identification Number (TIN) 916 ; or (t) any information required to furnish under section 108A. (4) Nothing in this section shall apply to the production by a public servant before a Court of any document, declaration or affidavit filed, or the record of any statement or deposition made in a proceeding under section 90 or 111, or to the giving of evidence by a public servant in respect thereof. (5) Any person to whom any information is communicated under this section, and any person or employee under his control, shall in respect of that information, be subject to the same rights, privileges, obligations and liabilities as if he were a public servant and all the provisions of this Ordinance shall, so far as may be, apply accordingly. (6) This section shall not be construed as prohibiting the voluntary disclosure of any particulars referred to in sub-section (1) by the person by whom the statement was made, return furnished, accounts or documents produced, evidence given or affidavit or deposition made, as the case may be.
name: Punishment for non-compliance of certain obligations
details: 164. A person is guilty of an offence punishable with imprisonment for a term which may extend to one year, or with fine, or with both, if he, without reasonable cause,- (a) 	fails to deduct  917or collect and pay any tax as required under the provisions of Chapter VII except advance payment of tax or fails to deduct and pay tax as required under section 143(2); (b) 	fails to produce, or cause to be produced, on or before the date mentioned in any notice under Chapter VIII, or under section 83, such accounts, documents or statements as are referred to in such notice; (c) 	fails to furnish, in due time, the return of income which he is required to furnish under section 75, or by notice given under section 77 or 93; 918(cc) refuses to furnish such information as may be necessary under section 113; (d) 	refuses to permit inspection or to allow copies to be taken in accordance with the provisions of section 114; (e) 	fails to afford necessary facilities or to furnish the required information to an income tax authority exercising powers under section 115; 919*** (ee) fails to comply with the requirement under sub-section (1) of section 116; (eee) fails to comply with the order made under sub-section (1) of section 116A; or (f) 	refuses to permit or in any manner obstructs the exercise of powers under section 117 by an Income tax authority.
name: Punishment for false statement in verifications, etc.
details: 165. A person is guilty of an offence punishable with imprisonment for a term which may extend to three years, 921but shall not be less than three months or with fine, or with both, if he-  (a) makes a statement in any verification, etc. in any return or any other document furnished under any provisions of this Ordinance which is false 922* * *;  (b) knowingly and wilfully aids, abets, assists, incites or includes another person to make or deliver a false return, account, statement, certificate or declaration under this Ordinance, or himself knowingly and wilfully makes or delivers such false return, account, statement, certificate or declaration on behalf of another person 923;  (c) signs and issues any certificate mentioned in the 924proviso of section 82 which he either knows or believes to be false or does not believe to be true 925;  (d) refuses to furnish such information as may be necessary for the purpose of survey under section 115.
name: Punishment for improper use of Tax-payer's Identification Number
details: 926165A. - A person is guilty of an offence punishable with imprisonment for a term which may extend to three years or with fine up to taka fifty thousand or both, if he deliberately uses or used a fake Tax-payer's Identification Number (TIN) or a Tax-payer's Identification Number (TIN) of another person.
name: Punishment for furnishing fake audit report
details: 927165AA. A person is guilty of an offence punishable with imprisonment for a term which may extend to three years, but shall not be less than three months, or with fine upto taka one lakh, or both, if he furnishes along with the return of income or thereafter any audited statement of accounts which is false or does not conform with signature of a chartered accountant purported to be signatory to such statement.
name: Punishment for obstructing an income tax authority.
details: 928165B. A person who obstructs an income tax authority in discharge of functions under this Ordinance shall commit an offence punishable with imprisonment for a term not exceeding one year, or with a fine, or with both.
name: Punishment for unauthorised employment
details: 929165C. A person is guilty of an offence punishable with imprisonment for a term which may extend to three years, but shall not be less than three months, or with fine up to taka five lakh, or both, if he employs or allows to work any individual not being a Bangladeshi citizen without prior approval from 930appropriate authority of the Government.
name: Punishment for concealment of income, etc.
details: 166. A person is guilty of an offence punishable with imprisonment which may extend to five years  931but shall not be less than three months, or with fine, or with both, if he conceals the particulars, or deliberately furnishes inaccurate particulars, of his income.
name: Punishment for providing false information, etc
details: 932166A. A person is guilty of an offence punishable with imprisonment which may extend to three years or with fine, or with both, if he is in possession of any information in relation to an assessee and after being required to furnish the information to an income tax authority under this Ordinance - (a) conceals the information; or (b) deliberately furnishes inaccurate information.
name: Punishment for disposal of property to prevent attachment
details: 167. The owner of any property, or a person acting on his behalf or claiming under him, is guilty of an offence punishable with imprisonment for a term which may extend to five years, or with fine, or with both, if he sells, mortgages, charges, leases or otherwise so deals with the property after the receipt of a notice from the Tax Recovery Officer as to prevent its attachment by that officer.
name: Punishment for disclosure of protected information
details: 168. A public servant, or any person assisting, or engaged, by any person acting in the execution of this Ordinance, is guilty of an offence punishable with imprisonment for a term which may extend to six months, or with fine, if he discloses any particulars or information in contravention of the provisions of section 163.
name: Sanction for prosecution
details: 169. (1) No prosecution for an offence punishable under any provisions of this Chapter shall be instituted except with the previous sanction of the Board. (2) Omitted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন).
name: Further enquiry and investigation, etc. for prosecution
details: 933 169A. The Deputy Commissioner of Taxes, with prior approval of the Commissioner of Taxes, may make such enquiry and investigation, in addition to the enquiry already made under this Ordinance, as may be necessary for the purpose of prosecution of an offence under this Chapter or a tax related offence (কর সংক্রান্ত অপরাধ) under মানি লন্ডারিং প্রতিরোধ আইন, ২০১২ (২০১২ সনের ৫নং আইন).
name: Power to compound offences
details: 170.  934The Board may, either before or after the institution of any proceedings or prosecution for an offence punishable under this Chapter, compound such offence.
name: Trial by Special Judge
details: 171. (1) Notwithstanding anything contained in the Code of Criminal Procedure, 1898 (Act V of 1898), or in any other law for the time being in force, an offence punishable under this Chapter, other than an offence under section 168, shall be tried by a Special Judge appointed under the Criminal Law Amendment Act, 1958 (XL of 1958), as if such offence were an offence specified in the Schedule to that Act. (2) A Special Judge shall take cognizance of, and have jurisdiction to try, an offence triable by him under sub-section (1) only upon a complaint in writing made, after obtaining the sanction under section 169, by the Deputy Commissioner of Taxes- (a) 	who is competent to make assessment under this Ordinance in the case to which the offence alleged to have been committed relates, and (b) 	whose office is situated within the territorial limits of the jurisdiction of the Special Judge.
name: Relief when salary, etc., is paid in arrear or advance
details: 172. Where the income of an assessee is assessable at a rate higher than that at which it would otherwise have been assessed by reason of- (a) 	any portion of his salary being paid in arrears or in advance, or (b) 	his having received in any one financial year salary for more than twelve months, or (c) 	his having received a payment which is a profit in lieu of salary, or (d) 	his having received in arrears in one income year any portion of his income from interest on securities relatable to more income years than one; the Deputy Commissioner of Taxes may, on an application made to him in this behalf, determine the tax payable as if the salary, payment or interest had been received by the assessee during the income year or years to which it relates and may refund the amount of tax, if any, paid in excess of the tax so determined.
name: Place of assessment
details: 935173A. (1) Where an assessee carries on a business, profession or vocation at any place, he shall be assessed by the Deputy Commissioner of Taxes of the area in which that place is situate or, where the business, profession or vocation is carried on in more places than one, by the Deputy Commissioner of Taxes of the area in which the principal place of his business, profession or vocation is situate. (2) In all other cases, an assessee shall be assessed by the Deputy Commissioner of Taxes of the area in which he resides. (3) Where any question arises under this section as to place of assessment, such question shall be determined by the Commissioner, or, where the question is between places in areas within the jurisdiction of more Commissioners than one, by the Commissioners concerned, or, if they are not in agreement, by the National Board of Revenue: Provided that, before any such question is determined, the assessee shall have had an opportunity of representing his views. (4) No person shall be entitled to call in question the jurisdiction of a Deputy Commissioner of Taxes after he has made the return of total income or where he has not made such return, after the time allowed by the notice served on him for making such return has expired.
name: Correction of errors
details: 173. 936(1) Where an income tax authority or the Appellate Tribunal finds by own motion or based on written application from the assessee or information from any other source that an error apparent from record has been made in any order passed by it, the income tax authority or the Appellate Tribunal may amend the error by order in writing: Provided that no amendment under this sub-section shall be made after the expiration of four years from the date of the order sought to be amended. (1A) Where an assessee, by an application in writing in relation to an assessment year, brings to the notice of the Deputy Commissioner of Taxes of the claim that- (a) a sum payable under this Ordinance has been paid in amount higher than the due amount, or  (b) the due credit of a sum paid under this Ordinance has not been given,  the Deputy Commissioner of Taxes shall give credit of the amount in the assessment year in which the sum was to be given credit if the claim of the assessee is found valid and correct after due verification. (2) No amendment under sub-section (1) which has the effect of enhancing an assessment or reducing a refund or otherwise increasing the liability of the assessee shall be made unless the parties affected thereby have been given a reasonable opportunity of being heard. (3) Where any such error as is referred to in sub-section (1) is brought  to  the  notice  of  the  authority  concerned  by  the assessee and no amendment is made by such authority within the financial year next following the date in which the error is brought to its notice, the amendment under that sub-section shall be deemed to have been made so as to correct the error and all the provisions of this Ordinance shall have effect accordingly. 937*** (5) Where in respect of any completed assessment of a partner in a firm it is found on the assessment of the firm or on any reduction or enhancement made in the income of the firm under sections 120, 938121A, 156, 159, 161 or 162 that the share of the partner in the profit or loss of the firm has not been included in the assessment of the partner, or, if included, is not correct, the inclusion of the share in the assessment or the correction thereof, as the case may be, shall be deemed to be correction of an error apparent from the record within the meaning of this section, and the provisions of sub-section (1) shall apply thereto accordingly, the period of four years referred to in sub-section (4) being computed from the date of the final order passed in the case of the firm. (6) Where as a result of proceedings initiated under section 93, a firm or an association of persons is assessed, and the Deputy Commissioner of Taxes concerned is of opinion that it is necessary to compute the total income of a partner in the firm or a member of the association of persons, as the case may be, the Deputy Commissioner of Taxes may proceed to compute the total income and determine the sum payable on the basis of such computation as if the computation is a correction of an error apparent from the record within the meaning of this section, and the provisions of sub-section (1) shall apply accordingly, the period of four years specified in sub-section (4) being reckoned from the date of the final order passed in the case of the firm or association of persons, as the case may be. (7) Subject to the provisions of sub-section (3) where an amendment is made under this section, an order shall be passed in writing by the income tax authority concerned or the Appellate Tribunal, as the case may be.
name: Appearance by authorised representative
details: 174. (1) Any assessee, who is entitled or required to appear before any income tax authority or the Appellate Tribunal in connection with any proceedings under this Ordinance, may, except when required under section 122 to attend personally, appear by an authorised representative. (2) For the purpose of this section, “authorised representative” means a person, authorised in writing by the assessee to appear on his behalf, being- (a) 	a relative of the assessee who is his parent, spouse, son, daughter, brother or sister; (b) 	a whole time regular employee of the assessee; 939* * * (d) 	a legal practitioner who is entitled to practice in a Civil Court in Bangladesh; (e) 	a chartered accountant or a cost and management accountant or a member of an association of accountants recognised in this behalf by the Board; or (f) 	an income tax practitioner registered as such by the Board in accordance with the rules made in this behalf and subject to such conditions as may be laid down in those rules  940: Provided that such an income tax practitioner shall be a member of any registered Taxes Bar Association. (3) Notwithstanding anything contained in sub-section (1), the following persons shall not be qualified to represent an assessee under that sub-section, namely:- (a) 	a person who has been dismissed from Government service; (b) 	a legal practitioner, or a chartered accountant, a cost and management accountant, or other accountant mentioned in clause (e) of sub-section (2), or an income-tax practitioner, who, having been found guilty of misconduct in his professional capacity- (i) 	by any authority empowered to take disciplinary action against him, or (ii) 	by the  941Board, in connection with any income-tax proceeding, and, on account of that finding, he stands disqualified from practising his profession for so long as such disqualification continues  942: Provided that no person shall be disqualified under this sub-clause unless he is given a reasonable opportunity of being heard: 943* * * 944Provided further that any person disqualified under this sub-clause may, within one month of his disqualification, appeal to the Government to have the disqualification removed: Provided further that no disqualification under this sub-clause shall take effect until one month from the date of such disqualification has elapsed or, when an appeal is preferred, until the disposal of the appeal; (c) 	a person who has become insolvent for so long as the insolvency continues; (d) 	a person who has been convicted of any offence connected with any income tax proceeding under this Ordinance unless the Commissioner, with the approval of the Board, by order, remove his disqualification under this sub-section; and (e) 	any Government servant in the Income-tax Department who has resigned or retired from such service, for a period of three years from the date of acceptance of resignation or a period of one year from the date of retirement, as the case may be.
name: Tax to be calculated to nearest taka
details: 175. In the determination of the amount of tax or of a refund payable under this Ordinance, fractions of a taka, less than fifty poisha, shall be disregarded and fractions of a taka equal to or exceeding fifty poisha shall be regarded as one taka.
name: Receipts to the given
details: 176. A receipt shall be given for any money paid or recovered under this Ordinance.
name: Computation of the period of limitation
details: 177. (1) In computing the period of limitation prescribed for an appeal or application under this Ordinance, the day on which the order complained of was served, or, if the assessee was not furnished with a copy of the order when the notice of the order was served upon him, the time requisite for obtaining the copy of the order shall be excluded. (2) Where the period of limitation prescribed for an appeal or application under this Ordinance expires on a day which is a closed holiday, the appeal or application may be made on the day next following such holiday.
name: Service of notice
details: 178. 945 (1) A notice, an assessment order, a form of computation of tax or refund or any other document may be served on the person named therein 946 by registered post or by sending from the official electronic mail of the sender to the specified electronic mail address of the person or in the manner provided for service of a summons issued by a Court under the Code of Civil Procedure, 1908 (Act V of 1908): Provided that where a notice, an assessment order, a form of computation of tax or refund, or any other document is received by an authorized representative as referred to in section 174, such receipt by the authorized representative, shall be construed as valid service on that person. (1A) Omitted by section 5 of অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন). (2) A notice may be addressed- (a) in the case of a firm or a Hindu undivided family, to any member of the firm, or the manager or any adult male member of the family; (b) in the case of a local authority or a company, to the principal officer thereof; (c) in the case of other body or association of persons, to the principal officer or any member thereof; (d) in a case where a firm or association of persons is dissolved, to any person who was a member of the firm or association, as the case may be, immediately before such dissolution; (e) in a case where a business or profession is discontinued to which section 89 applies, if the business or profession discontinued was- (i) that of an individual, to the person whose income is to be assessed; (ii) that of a company, to the principal officer thereof; and (iii) that of a firm or association of persons, to any person who was a partner of such firm or a member of such association, as the case may be, at the time of the discontinuance; (f) in a case where a finding of partition has been recorded under section 90 in respect of a Hindu undivided family, to the person who was the last manager of the family or, if such person is dead, to all adult male persons who were members of the family immediately before the partition; and (g) in any other case, not being an individual, to the person who manages or controls the affairs of the person or institution concerned. (3) The validity of any notice or of the service of any notice shall not be called in question after the return in response to the notice has been filed or the notice has been complied with. 947 “(4) In this section- (a) “electronic mail” shall have the same meaning as assigned to “ইলেকট্রনিক্স মেইল” by তথ্য ও যোগাযোগ প্রযুক্তি আইন, ২০০৬(২০০৬ সনের ৩৯ নং আইন); (b) “official electronic mail of the sender” means the electronic mail designated by the Board to the income tax authority serving the notice;  (c) “specified electronic mail address of the person” means the electronic mail address – (i) that has been mentioned in the return of income of the person submitted for the respective income year; (ii) that has been specified by a person, in writing, to the income tax authority, as the electronic mail address of such person. 948 Explanation.- In this section, “notice” includes order or requisition made or issued under this Ordinance.
name: System generated notice, order, etc
details: 949178A. A notice, order, requisition, certificate, communication, letter or an acknowledgment of receipt generated by computer or electronic system specified by the Board shall have the same meaning and effect of the notice, order, requisition, certificate, communication, letter or an acknowledgment of receipt issued or served under this Ordinance.
name: Electronic filing, etc
details: 178B. Where any return, statement, application or document is to be filed to an income tax authority or the Taxes Appellate Tribunal under any provision of this Ordinance, the return, statement, application or document may be filed in such electronic, computer readable or machine readable form and manner as may be specified by the Board.
name: Certain errors not to vitiate assessment, etc.
details: 179. No assessment, order, notice, warrant or other document made, issued or executed, or purporting to be made, issued or executed, under this Ordinance, shall be void or otherwise inoperative, merely for want of form, or for an error, defect or omission therein, if such want of form, error, defect or omission is not of a substantial nature prejudicially affecting the assessee.
name: Proceeding against companies under liquidation
details: 180. Notwithstanding anything contained in section 171 of the Companies Act, 1913 (VII of 1913), leave of the Court shall not be required for continuing any proceeding, or commencing any proceeding, under this Ordinance against a company in respect of which a winding up order has been made or provisional liquidator appointed.
name: Indemnity
details: 181. Every person deducting, retaining or paying any tax in pursuance of this Ordinance in respect of income belonging to another person is hereby indemnified for the deduction, retention or payment thereof.
name: Bar of suits and prosecution, etc.
details: 182. (1) No suit shall be brought in any Civil Court to set aside or modify any assessment made under this Ordinance. (2) No suit, prosecution or other proceedings shall lie against any officer of the Government for anything in good faith done or intended to be done under this Ordinance.
name: Ordinance to have effect pending legislative provision for charge of tax
details: 183. If, on the first day of July in any year provision has not been made by Act of Parliament for the charging of income tax for that year, this Ordinance shall nevertheless have effect until such provision is made, as if the provision in force in the preceding year, or the provision proposed in the bill which may then be before the Parliament, whichever is more favourable to the assessee, were actually in force.
name: Omitted
details: 184. Restriction on registration of documents.- Omitted by section 8 of অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন).
name: Proof of submission of return required in certain cases
details: 950 184A.  (1) Notwithstanding anything contained in this Ordinance, a person shall be required to furnish a proof of submission of return in the cases mentioned in sub-section (3).(2) The proof of submission of return shall be-(a) an acknowledgment receipt of return prescribed by the Board; or(b) a system generated certificate containing name and Taxpayer’s Identification Number (TIN) of the person and the year for which return has been submitted; or(c) a certificate issued by the Deputy Commissioner of Taxes containing name and TIN of the person and the year for which return has been submitted.(3) The proof of submission of return shall be furnished in the cases of –(i) applying for a loan exceeding Taka five lakh from a bank or a financial institution;(ii) becoming a director or a sponsor shareholder of a company;(iii) obtaining or continuing an import registration certificate or export registration certificate;(iv) obtaining or renewal of a trade license in the area of a city corporation or paurashava;(v) obtaining registration of co-operative society;(vi) obtaining or renewal of license or enlistment as a surveyor of general insurance;(vii) obtaining registration, by a resident, of the deed of transfer, baynanama or power of attorney or selling of a land, building or an apartment situated within a city corporation or a paurashava of a district headquarter or cantonment board, where the deed value exceeds Taka ten lakh;(viii) obtaining or maintaining a credit card;(ix) obtaining or continuing the membership of the professional body as a doctor, dentist, lawyer, chartered accountant, cost and management accountant, engineer, architect or surveyor or any other similar profession;(x) obtaining and retaining a license as a Nikah Registrar under the Muslim Marriages and Divorces (Registration) Act. 1974 (LII of 1974);(xi) obtaining or continuing the membership of any trade or professional body;(xii) obtaining or renewal of a drug license, a fire license, environment clearance certificate, BSTI licenses and clearance;(xiii) obtaining or continuing commercial and industrial connection of gas in any area and obtaining or continuing residential connection of gas in city corporation area;(xiv) obtaining or continuing a survey certificate of any water vessel including launch, steamer, fishing trawler, cargo, coaster and dumb barge etc., plying for hire;(xv) obtaining the permission or the renewal of permission for the manufacture of bricks by Deputy Commissioner's office in a district or Directorate of Environment, as the case may be;(xvi) obtaining the admission of a child or a dependent in an English medium school providing education under international curriculum or english version of national curriculum, situated in any city corporation, district headquarter or paurashava;(xvii) obtaining or continuing the connection of electricity in a city corporation or cantonment board;(xviii) obtaining or continuing the agency or the distributorship of a company;(xix)obtaining or continuing a license for arms;(xx) opening a letter of credit for the purpose of import;(xxi) opening postal savings accounts of Taka exceeding five lakhs;(xxii) opening and continuing bank accounts of any sorts with credit balance exceeding Taka ten lakhs;(xxiii) purchasing savings instruments (Sanchayapatra) of Taka exceeding five lakhs;(xxiv) participating in any election in upazilla, paurashava, zilla parishad, city corporation or Jatiya Sangsad;(xxv) participating in a shared economic activities by providing motor vehicle, space, accommodation or any other assets.(xxvi) receiving any payment which is an income of the payee classifiable under the head "Salaries" by any person employed in the management or administrative function or in any supervisory position in the production function;(xxvii) receiving any payment which is an income of the payee classifiable under the head "Salaries" by an employee of the government or an authority, corporation, body or units of the government formed by any law, order or instrument being in force, if the employee, at any time in the income year, draws a basic salary of taka sixteen thousand or more;(xxviii) receiving any commission, fee or other sum in relation to money transfer through mobile banking or other electronic means or in relation to the recharge of mobile phone account;(xxix) receiving any payment by a resident from a company on account of any advisory or consultancy service, catering service, event management service, supply of manpower or providing security service;(xxx) receiving any amount from the Government under the Monthly Payment Order (MPO) if the amount of payment exceeds taka sixteen thousand per month;(xxxi) registration or renewal of agency certificate of an insurance company;(xxxii) registration, change of ownership or renewal of fitness of a motor vehicle of any types excluding two and three wheeler;(xxxiii) releasing overseas grants to a non-government organisation registered with NGO Affairs Bureau or to a Micro Credit Organisation having licence with Micro Credit Regulatory Authority;(xxxiv) selling of any goods or services by any digital platforms to consumers in Bangladesh.(xxxv) submitting application for the membership of a club registered under কোম্পানি আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) and Societies Registration Act, 1860 (Act No. XXI of 1860);(xxxvi) submitting tender documents by a resident for the purpose of supply of goods, execution of a contract or rendering a service;(xxxvii) submitting a bill of entry for import into or export from Bangladesh;(xxxviii) submitting plan for construction of building for the purpose of obtaining approval from Rajdhani Unnayan Kartripakkha (Rajuk), Chittagong Development Authority (CDA), Khulna Development Authority (KDA) and Rajshahi Development Authority (RDA) or other concerned authority in any city corporation or paurashava;(4) The Board may, by a general or special order, exempt any person from furnishing proof of submission of return.(5) The person responsible for processing any application or nomination, or approving any license, certificate, membership, permission, admission, agency or distributorship, sanctioning any loan, issuing any credit card, allowing connection or operation, executing registration or making any payment shall not so process, approve, sanction, issue, allow, execute or make payment, as the case may be, unless the proof of submission of return is furnished as required under the provision of sub-section (1) or the person who is required to furnish the proof of submission of return provides a certificate from the Board that he is exempted from furnishing such proof.(6) The person to whom the proof of submission of return is furnished shall verify the authenticity of it in the manner as may be specified by the Board.(7) Where the person responsible for processing any application or nomination, or approving any license, certificate, membership, permission, admission, agency or distributorship, sanctioning any loan, issuing any credit card, allowing connection or operation, executing registration or making any payment, as the case may be, fails to comply with sub-sections (5) and (6), shall be deemed to be an assessee in default and be liable to pay a penalty not exceeding Taka ten lakh as imposed by the Deputy Commissioner of Taxes.(8) No penalty under this section shall be imposed upon a person without giving a reasonable opportunity of being heard.(9) A person not being an individual shall, instead of furnishing a proof of submission of return, furnish a system generated certificate containing name and Taxpayer’s Identification Number (TIN)–(a) in the year of incorporation, registration or formation, as the case may be, under any law or instruments having the force of law; and(b) in the year following the year of incorporation, registration or formation, as the case may be, under any law or instruments having the force of law.
name: Twelve-digit Tax-payer’s identification number (TIN) in certain documents, etc.
details: 952184AA. The Board may, with the prior approval of the Government and by notification in the official Gazette, specify any class of documents where a 953twelve-digit Taxpayer’s Identification Number (TIN) is to be mentioned.
name: Tax-payer’s identification number
details: 954184B.955(1) Every assessee or any person who applies manually or electronically for a Taxpayer’s Identification Number will be issued a certificate containing twelve-digit Taxpayer’s Identification Number and such other particulars in such manner as may be prescribed:  Provided that twelve-digit Tax-payer’s Identification Number may be issued without any application where any income tax authority has found a person having taxable income during the year and possesses such necessary information of that person for issuance of twelve-digit Tax-payer’s Identification Number. (2) Board may, by general or special order in writing, direct any person or classes of persons who already hold a Tax-payer's Identification Number to furnish such information or documents for the purpose of re-registration and thereafter issue 956twelve-digit a new Taxpayer's Identification Number. 957(3) Every existing assessee having ten-digit Tax-payer’s Identification Number or a Temporary Registration Number (TRN) shall have to obtain twelve-digit Tax-payer’s Identification Number (TIN) before the last date of submission of return of income as required under section 75.
name: Tax collection account number
details: 958184BB. Every person required to deduct or collect tax under Chapter VII of this Ordinance shall be given a tax collection account number in such manner as may be prescribed.
name: omitted
details: 960***
name: Issuance of Temporary Registration Number (TRN).
details: 961184BBBB. Temporary Registration Number (TRN) may be given to a person who has been found having taxable income in any year and has failed to apply for Tax-payer's Identification Number (TIN) under section 184B. 962Explanation.- For the removal of doubts, it is hereby declared that nothing in this Ordinance shall limit the authority of the Deputy Commissioner of Taxes in imposing the liability to pay any sum under this Ordinance on a person who has been given a Temporary Registration Number (TRN) for the reason that the person has failed to apply for the Tax-payer's Identification Number (TIN).
name: Displaying proof of submission of return
details: 963184C. (1) An assessee having income from business or profession shall submit his return of income as required in section 75 and display the proof of submission of return as defined in section 184A at a conspicuous place of such assessee's business premises.(2) Where an assessee fails to comply with the provision of sub-section (1), he shall be liable to pay a penalty of Taka not less than five thousand and not exceeding twenty thousand as imposed by the Deputy Commissioner of Taxes empowered to this end.
name: Requirement of mentioning twelve-digit Taxpayer’s Identification Number in certain documents.
details: 964184CC. Notwithstanding anything contained in any other law for the time being in force where any document relating to the transfer of land, building or apartment situated within a city corporation, or cantonment board, or a paurashava of a district headquarters, deed value of which exceeds taka one lakh and required to be registered under the Registration Act, 1908 (XVI of 1908), such document shall contain twelve-digit Taxpayer’s Identification Number of both the seller and the purchaser.
name: Reward to officers and employees of the Board and its subordinate income tax offices * * *
details: 966184D.- (1) Notwithstanding anything contained in this Ordinance or any other law for the time being in force, the Board may, in such manner and in such circumstances and to such extent as may be prescribed, grant reward to the following persons :- (a) an officer or employee of the Board and its subordinate tax offices for outstanding performance 967, collection of taxes and detection of tax evasion; (b) any other person for furnishing information leading to detection of tax evasion. (2) The Board may, in addition to the reward mentioned in sub-section (1), grant reward to officers and employees of the Board and its subordinate tax offices for a financial year for collecting of revenue in excess of the revenue target as may be prescribed.
name: Assistance to income tax authorities
details: 968184E.- All officers and staff of government and semi-government organizations, law enforcement agencies, autonomous bodies, statutory bodies, financial institutions, educational institutions, private organizations, local government and non-government organizations shall assist the income tax authorities in the discharge of their functions under this Ordinance.
name: Ordinance to override other laws.
details: 969184F. Notwithstanding anything contained in any other law for the time being in force, the provisions of this Ordinance or any proceedings thereunder shall prevail over any other law in respect of 970the imposition and the collection of tax, the exemption of any income from tax, the reduction of the rate of tax, the calling for any information for the purpose of taxation, and the protection of information under this Ordinance.
name: Power to condone or extend, etc
details: 971184G.  (1) Notwithstanding anything contained contrary to any provision of this Ordinance, the Board may, with prior approval of the Government, by an order, and in public interest,— (a) condone the period of epidemic, pandemic, or any other acts of God, and war in computing the time limits specified in any provision of this Ordinance; or (b) extend the time limits specified in any provision of his Ordinance to such extent as the Board may think fit, due to such epidemic, pandemic, or any other acts of God, and war. (2) The order under sub-section (1) may be issued with retrospective effect.
name: Power to make rules
details: 185. (1) The Board may, by notification in the Official Gazette, make rules for carrying out the purposes of this Ordinance; and any such rules may, in so far as they do not impose, or have the effect of imposing, any criminal liability, be given retrospective effect.  (2) In particular, and without prejudice to the generality of foregoing power, such rules may provide for all or any of the following matters, namely:-  (a) the ascertainment and determination of the classification of any income in respect of which the provisions of this Ordinance are not clear;  (b) the manner 972, extentand scope in which, and the procedure by which, the income and the tax payable thereon shall be determined in the case of-  (i) non-residents, and  (ii) income derived in part from agriculture and in part from business;  (c) the ascertainment and determination of any income or class of income to be included in the total income of an assessee;  (d) the determination of the value of any perquisites and benefits and of the allowances permissible under this Ordinance in respect of any head of income or total income;  (e) the procedure for the grant of exemption of income of industrial undertakings or tourist industries and any other matter connected with or incidental thereto;  (f) the manner in which, and the procedure by which, self-assessment may be made;  (g) the procedure for, and any other matter connected with or incidental to, the issue of exemption certificate or tax clearance certificate under section 107;  (h) the procedure to be followed on application for refund;  (i) registration of income tax practitioners, qualifications for registration conditions and limitations subject to which income-tax practitioners may act as authorised representative under this Ordinance, cancellation of registration or other disciplinary measures in respect of income tax practitioners;  (j) fees and other charges to be paid in respect of any services rendered or in respect of any matter for which fees and charges are payable under this Ordinance; and  (k) any other matter which is to be provided for by rules, or which is to be or may be prescribed under this Ordinance.  (3) In cases coming under sub-section (2)(b), the rules may prescribe methods by which an estimate of such income may be made, and prescribe the proportion which shall be deemed to be income classifiable under the head “Agricultural income” or “income from business or profession”, and an assessment based on such estimate or proportion, as the case may be, shall be deemed to be duly made in accordance with the provisions of this Ordinance.  (4) The power to make rules under this section shall, except on the first occasion of the exercise thereof, be subject to the condition of previous publication 973:  Provided that where previous publication of the draft of any proposed rules or of any amendment to any existing rules is made pursuant to the provisions of this sub-section, giving therewith a notice soliciting objections and suggestions to such draft within the period specified in the notice and if no objection or suggestion is received within the period specified, the previous publication of such draft shall be deemed to be the final publication of the proposed rules or amendment, as the case may be.
name: Power to issue circular, clarification, etc
details: 974185A. The Board may, by order, issue circular, clarification, explanation and directives relating to the scope and application of any provision under this Ordinance and the rules and orders made thereunder.
name: Repeal and savings
details: 186. (1) The Income-tax Act, 1922 (XI of 1922) is hereby repealed. (2) Notwithstanding the repeal, the Income tax Act, 1922 (XI of 1922), and the rules made thereunder, shall continue to apply, as if that Act had not been repealed,- (a) 	to any income of, or relatable to, any period prior to the commencement of this Ordinance; and (b) 	to any notice issued, or any assessment, order, application or appeal made, any proceedings commenced or any prosecution instituted, under that Act. (3) Save as provided in sub-section (2), the repeal under sub-section (1) and enactment of this Ordinance shall, for the purposes of the General Clauses Act, 1897 (X of 1897), be deemed to be repeal and re-enactment of the Income-tax Act, 1922 (XI of 1922).
name: Removal of difficulties
details: 187. (1) If any difficulty arises in giving effect to any of the provisions of this Ordinance, the Government may, by notification in the official Gazette, make such provisions as it thinks fit for removing that difficulty. (2) No notification under this section shall be issued after the thirtieth day of June, 1988.

1 Sub-clause (c) was added by section 10(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
2 Sub-clause (d) was added by section 10(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
3 The semi-colon(;) and word "; or" were omitted by section 7 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
4 The words, commas and semi-colon “and any amount received by letting out furniture, fixture, fittings etc; or” were substituted by section 7 of the Finance Act, 2009 (Act No.XXXVI of 2009)(with effect from 1st July 2009).
5 Sub-clause (b) was omitted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
6 The comma and words “, and includes a Senior Appellate Joint Commissioner of Taxes” were added by section 10 of the Finance Ordinance, 1986 (Ordinance No. XLV of 1986)
7 The words “an Appellate Additional Commissioner of Taxes” were substituted for the words “a Senior Appellate Joint Commissioner of Taxes” by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
8 The words “and also a person appointed to hold current charge of an Appellate Joint Commissioner of Taxes” were added by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
9 Clause (5A) was inserted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
10 The words “or a pension fund” were inserted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
11 Sub-clause (aa) was inserted by section 16(a) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
12 The words, commas, figures and brackets “or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন), and includes a body corporate” were substituted for the comma and words “, and includes a body corporate” by section 6 of অর্থ আইন, ১৯৯৫(১৯৯৫ সনের ১২ নং আইন)
13 The words, figures and brackets ''ব্যাংক-কোম্পানী আইন, ১৯৯১ (১৯৯১ সনের ১৪ নং আইন)” were substituted for the words, figures and brackets “the Banking Companies Ordinance, 1962 (LVII of 1962)” by section 53 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
14 Clause (12A) was inserted by section 10(c) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
15 The word ‘‘and’’ was inserted by section 5(a) of the Finance Act, 2014 (Act No. IV of 2014).(with effect from 1st july, 2014)
16 The word ‘‘and’’ was omitted by section 5(b) of the Finance Act, 2014 (Act No. IV of 2014).(wih effect from 1st July, 2014)
17 Sub-clause (c) was omitted by section 5(c) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
18 Clause (16) was substituted by section 10(d) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
19 Clause (19) was substituted by section 15 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
20 Clause (19A) was inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
21 The words, brackets, comma and figure “Commissioner of Taxes (Appeals) under section 3, and includes a person appointed to hold current charge of a Commissioner of Taxes (Appeal)” were substituted for the words brackets and figure “Commissioner of Taxes (Appeals) under section 3” by section 5 of অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
22 Clause (19B) was omitted by section 15 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
23 The words, commas, figures and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন),” were substituted for the words, comma, figures and brackets “the Companies Act, 1913 (VII of 1913)” by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
24 The word “and” was omitted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
25 Clause (bb) were inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
26 Clauses (bb) and (bbb) were substituted for former clause (bb) by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
27 The words, commas, figures and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন)” were substituted for the words, comma, figures and brackets “the Companies Act, 1913 (VII of 1913)” by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
28 The words “not incorporated by or under any law” were substituted for the words “whether incorporated or not” by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
29 The words, commas, figures Letters and brackets “সমবায় সমিতি আইন, ২০০১ (২০০১ সনের ৪৭ নং আইন) (Co-operative Societies Act, 2001) (Act No 47 of 2001)” were substituted for The words, commas, figures Letters and brackets “the Co-operative Societies Act,1940 (Beng. Act XXI of 1940)” by section 15(b) of The Finance Act, 2012 (Act No 26 of 2012)(with effect from 1st July 2012).
30 The words and comma “and includes a person appointed to be a Transfer Pricing Officer,” were substituted for the words “and includes a person appointed to be" by section 15(c) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
31 The words, commas, figures and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন)” were substituted for the words, comma, figures and brackets “the Companies Act, 1913 (VII of 1913)” by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
32 Clause (25) was substituted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
33 Clause (25A) was inserted by section 15 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
34 Clause (25AA) was inserted by section 11 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
35 The words and commas “or any Joint Director General, Central Intelligence Cell or Deputy Director General, Central Intelligence Cell authorised by him” were added by Section 8 of the Finance Act, 2009((Act No.IX of 2009)(with effect from 1st July 2007).
36 The words and commas “any Director, Central Intelligence Cell or any Joint Director, Central Intelligence Cell or Deputy Director, Central Intelligence Cell or Assistant Director, Central Intelligence Cell” were substituted for the words and commas “any Additional Director General, Central Intelligence Cell or any Joint Director General, Central Intelligence Cell or Deputy Director General, Central Intelligence Cell " by section 15(d) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
37 Clause (dd) was inserted by section 27 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
38 Sub-clause (ddd) was inserted by section 8(a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
39 Sub-clause (iiia) was inserted by section 27 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
40 Sub-clause (iv) was omitted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
41 Clause (28A) was inserted by section 10(e) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
42 The words “and includes a person appointed to hold current charge of an Extra Assistant Commissioner of Taxes” were added by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
43 Clause (30) was substituted by section 53 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
44 The words “or a business or undertaking” were inserted after the words “in relation to capital asset” by section 16(a)(i) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)
45 The words “or such business or undertaking” were inserted after the words “the price which such asset” by section 16(a)(ii) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
46 The full- stop (.) was substituted for the semi colon (;) and the Explanation was added by section 9 (b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
47 Clause (31A) was inserted by section 15(e) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
48 Clause (34) was substituted by section 16(b) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
49 The words, commas and the semi-colon (;) “but does not include, in the case of a shareholder of a Bangladeshi company, the amount representing the face value of any bonus shares or the amount of any bonus declared, issued or paid by the company to its shareholders with a view to increasing its paid-up share capital;” were omitted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
50 Clause 35 was substituted by section 9 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2016).
51 The words and quotation marks ““income year” means financial year immediately preceding the assessment year and includes” were substituted for the words and quotation marks “income year” means” by section 16(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)
52 The words “or any subsidiary thereof” were inserted after the words “financial institution” by section 16(c)(i) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
53 The colon (:) was substituted for the semi-colon (;) and thereafter the proviso was inserted by section 16 (c) (ii) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
54 The words and commas “subsidiary, including a subsidiary thereof, or a holding company of a parent company incorporated outside Bangladesh or a branch or liaison office thereof” were substituted for the words “subsidiary or holding company of a parent company incorporated outside Bangladesh” by sections 8(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
55 The comma and words “, and includes a Senior Inspecting Joint Commissioner of Taxes” were added by section 10 of the Finance Ordinance, 1986 (Ordinance No. XLV of 1986)
56 The words “an Inspecting Additional Commissioner of Taxes” were substituted for the words “a Senior Inspecting Joint Commissioner of Taxes” by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
57 The words “and also a person appointed to hold current charge of an Inspecting Joint Commissioner of Taxes” were added by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
58 Clause (37) was substituted by section 15(f) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
59 Clause (44A) was inserted by section 9 (c) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
60 Clause (45) was substituted by section 8 of অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)
61 The words “ not exceeding ten percent of disclosed profit of relevant income year” were omitted by section 11(a) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
62 Clauses (46) and (46A) were substituted by section 16 (d) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
63 The words and comma “chief executive officer,” were inserted after the words and comma “managing director,” by section 16 (e) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
64 Clause (53) was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
65 Clause (54A) was inserted by section 10(f) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
66 The words “or partly” were omitted by section 11(b) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
67 The words “and” were omitted by section 11(b) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
68 Sub-clause (d) and (e) were inserted by section 11(c) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
69 Explanation was added by section 11(d) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
70 Sub-clause (a) was substituted by section 15(g) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
71 Sub-clause (e) was added by section 6 of the অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
72 Clause (59A) was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
73 Clause (61A) was inserted by section 10(g) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
74 Clause (62) was substituted by section 9 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
75 Clause (62A) was inserted by section 16 (f) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
76 The words “or the fifteenth day of September following the end of the income year where the said fifteenth day falls before the fifteenth day of September” were added after the words “income year” by section 8(c) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
77 Sub-clause (iia) was inserted by section 10(h)(i) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
78 The words “this clause” were substituted for the words, numbers and symbols “sub-clauses (i) and (ii)” by section 10(h) (ii) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
79 Clause (62B) was inserted by section 9 (d) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
80 Clause (63) was omitted by section 8 of অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
81 Clause (65A) was inserted by section 9 (e) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
82 Clause (67) was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
83 Clause (1A), which was inserted by section 10 of the Finance Ordinance, 1986 (Ordinance No. of 1986) was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
84 New number no (IB) was inserted by section 11(a) of the Finance Act, 2011 (Act No. XII of 2011) .
85 Clause (2) was substituted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
86 Clause (2A) was inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
87 Clause (2B) was inserted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
88 Clause (2C) was inserted by section 16 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
89 Clause (2D) was inserted by section 12 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
90 Clause (3A) was substituted by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
91 Number no (6) was substituted by section 11 (b) of the Finance Act, 2011 (Act No. XII of 2011)
92 The words and commas “Director General, Central Intelligence Cell,” were inserted after the words “The Board may appoint” by section 20 of the Finance Act,2010(Act No.XXXIII of 2010).
93 The words and comma  "Chief Commissioner of Taxes, Director General" were substituted for the words "Director General" by section 12 of the Finance Act, 2011 (Act No. XII of 2011) .
94 The words “a Senior Commissioner of Taxes and” were omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
95 The words “Directors-General of Inspection” were substituted for the words “Director of Inspection” by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
96 The words, brackets and the comma “Commissioners (Appeals),” were inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
97 Sub-section (2A) was inserted by section 17 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
98 Section 4A was inserted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
99 The Semi-colon(;) was substituted for the comma word “, and” by section 21 of the Finance Act,2010(Act No.XXXIII of 2010).
100 The semi-colon and the word “; and” were substituted for the full-stop(.) at the end and thereafter clause (c) was added by section 21 of the Finance Act,2010(Act No.XXXIII of 2010).
101 Sub-section (1) was substituted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
102 The words and comma “Senior Commissioner,” were omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১ নং আইন)
103 The words and comma  "Chief Commissioner of Taxes, Director Gereral" were substituted for the words "Director General" by section 13 of the Finance Act, 2011 (Act No. XII of 2011) .
104 The words and comma “Additional Commissioners of Taxes, Joint Commissioners of Taxes” were substituted for the words “Joint Commissioners of Taxes” by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
105 The words, brackets and commas “or the Commissioners (Appeals), as the case may be,” were inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
106 The words and brackets “or the Commissioners (Appeals)” were inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
107 Clause (a) was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১ নং আইন)
108 Clause (aa) was substituted by section 5 of অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
109 Clause (aaa) was added by section 9 of the Finance Act 2009((Act No.IX of 2009)(with effect from 1st July 2007).
110 The comma, words and brackets “, the Commissioners (Appeals)” were inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
111 Clause (bb) was inserted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
112 The words and brackets “or the Commissioners (Appeals)” were inserted by section 8  of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
113 The words “and the Inspecting Additional Commissioners” were inserted by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
114 The words and comma “Inspecting Joint Commissioner, the Inspecting Additional Commissioner” were substituted for the words “Inspecting Joint Commissioner” by section 7 of  অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
115 The words and comma “Inspecting Joint Commissioner, the Inspecting Additional Commissioner” were substituted for the words “Inspecting Joint Commissioner” by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
116 The words and comma “Inspecting Joint Commissioner, the Inspecting Additional Commissioner” were substituted for the words “Inspecting Joint Commissioner” by section 7 of  অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
117 The words and comma “Inspecting Joint Commissioner, the Inspecting Additional Commissioner” were substituted for the words “Inspecting Joint Commissioner” by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
118 The words “judicial and accountant” were omitted by section 28 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
119 Sub-section (3) was substituted by section 28 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
120 Clase (i) was substituted by section 8 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
121 The words “having at least one year experience as a Commissioner” were inserted after the words “a Commissioner of Taxes” by section 17 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
122 The semi-colon and word “; or” were substituted for the full-stop(.) at the end and thereafter clause (ix) was added by section 22 of the Finance Act,2010(Act No.XXXIII of 2010).
123 Clause (ix) was substituted  by section 14 of the Finance Act, 2011 (Act No. XII of 2011) .
124 Sub-section (4) was substituted by section 4 of অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
125 The comma(,) and words “, who is a member of the Board or holds the current charge of a member of the Board” were inserted after the words “President thereof” by section 22 of the Finance Act,2010(Act No.XXXIII of 2010).
126 The words, comma, figures and brackets “or Bangladesh Chartered Accountants Order, 1973 (P.O. No. 2 of 1973)” were inserted by section 47 of অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
127 The words “and that there is equality in number of judicial members and accountant members” were omitted by section 29 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
128 The full stop (.) was substituted for the colon (:) and thereafter the proviso was omitted by section 48 of অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
129 Sub-section (3) was substituted by section 11 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
130 Section 16A was inserted by section 8 of অর্থ আইন, ১৯৮৮ (১৯৮৮ সনের ৩৩ নং আইন)
131 Sections 16B and 16C were inserted by section 30 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
132 Sections 16B, 16BB and 16BBB were substituted by section 18 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
133 The words “appropriate authority of the Government” were substituted for the words  “ Board of Investment or any competent authority of the Government, as the case may be” by section 10 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
134 Section 16C was omitted by section 19 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
135 Section 16CC were omitted by Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
136 Section 16CCC was omitted by section 20 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
137 Section 16E was omitted by section 9 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
138 Section 16F and Section 16G were added by section 12 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
139 Section 16H was inserted by section 17 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)
140 Clause (2) was substituted by section 11 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
141 The words “income year in which it is received” were substituted for the words “income year in which it is declared” by Section 11 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
142 The words and comma “or stocks, and shares” were omitted by section 13(a) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
143 The words “which makes any debtor taxable” were omitted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
144 The colon (:) was substituted for the full-stop (.) and thereafter the proviso was added by section 31 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
145 The proviso was substituted by section 19 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
146 The words “being individual” were insertted after the word “assessee” by section 12(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
147 The words "Bangladesh Development Bank Ltd." were substituted for the words "Bangladesh Shilpa Bank or Bangladesh Shilpa Rin Sangstha" by section 7(a) of the Finance Act, 2014 (Act no. IV of 2014).
148 The colon (:) was substituted for the semi-colon (;) and thereafter the proviso was added by section 21 (a) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
149 The words, brackets and letters “except as provided in clause (aa)” were inserted by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
150 Clause (aa) was inserted by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
151 The words "Bangladesh Development Bank Ltd." were substituted for the words "Bangladesh Shilpa Bank or Bangladesh Shilpa Rin Sangstha" by section 7(b) of the Finance Act, 2014 (Act no. IV of 2014).
152 The words “three years” were substituted for the words “two years” by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
153 The words “three years” were substituted for the words “two years” by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
154 The proviso was substituted by section 19 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
155 Sub-sections (21), (22) and (23) were added by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
156 Sub-section (21) was substituted by section  12 of  অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018)
157 The commas and words “, advance or deposit of any kind called by whatever name,” were inserted after the word “loan” by section 13(b)(i) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
158 The commas and words “, advance or deposit of any kind called by whatever name,” were inserted after the word “loan” by section 13(b)(i) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
159 The words “or converted into consideration for any goods or services” were inserted after the word “repaid” by section 13(b)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
160 The words “or converted into consideration for any goods or services” were inserted after the word “repaid” by section 13(b)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
161 Proviso (bb) was inserted by section 12(b)(i) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
162 The words “or sons or daughters” were inserted after the word “parents” by section 12(b)(ii) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
163 Explanation was omitted by section 12(b) (iii) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
164 Sub-sections (21A) was omitted by section 12 (b)  of  অর্থ আইন, ২০১৭ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
165 Sub-sections (21B) was omitted by section 12 (b)  of  অর্থ আইন, ২০১৭ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
166 Sub-section 22A was inserted by section 13(c) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
167 Sub-sections 24 and 25 were added by section 10 of অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)
168 Sub-section 24 was substituted by section 16(c) of the Finance Act,2012(Act No.XXVI of 2012).
169 Sub-section 25 was omitted by Section 11 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
170 Sub-sections (26)  and (27) were added by section 16(b) of the Finance Act, 2011 (Act No. XII of 2011) .
171 Sub-sections  (26)  was omitted by section 12 (b)  of  অর্থ আইন, ২০১৭ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
172 The words “paid up capital together with reserve and accumulated profit” were substituted for the words “paid up capital” by section 12(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)
173 The words “paid up capital together with reserve and accumulated profit” were substituted for the words “paid up capital” by section 12(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)
174 Sub-sections (28) was omitted by section 12 (b)  of  অর্থ আইন, ২০১৭ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
175 sub-sections 29, 30 and 31 were added by section 12(c) of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)
176 The words, comma and symbol “which has not been paid within two years from the end of the income year in which the purchase was made, shall be deemed to be the income of the assessee for the income year immediately following the expiry of the said two years and be classifiable under the head "Income from other sources” were substituted for the words, comma and symbol “which has not been paid in the following year in which such purchase was made, shall be deemed to be the income of the assessee for that income year classifiable under the head "Income from other sources” by section 21 (b) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
177 Sub-section (31) was substituted by section 9 (b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
178 The words “or any income derived from the sources mentioned in paragraph 33 of Part A of THE SIXTH SCHEDULE” were inserted after the words “reduced tax rate” by section 13(d) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
179 Explanation was added by section 13(d) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
180 Sub-section (32) was inserted by section 13(e) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
181 Section 19A was omitted by section 25 of the Finance Act,2010(Act No.XXXIII of 2010).
182 Section 19AA was omitted by section 26 of the Finance Act,2010(Act No.XXXIII of 2010).
183 Section 19AAA was omitted by section 27 of the Finance Act,2010(Act No.XXXIII of 2010).
184 Section 19AAAA was omitted by section 13 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
185 Section 19AAAAA was omitted by section 14 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
186 section 19AAAAAA was inserted after the section 19AAAAA by section 9 of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
187 Sections 19B, 19BB and 19BBB were omitted by section 12 of the Finance Act,2009(Act No. IX of 2009)(with effect from 1st July 2007).
188 Sections 19B, 19BB and 19BBB were omitted by section 12 of the Finance Act,2009(Act No. IX of 2009)(with effect from 1st July 2007).
189 Sections 19B, 19BB and 19BBB were omitted by section 12 of the Finance Act,2009(Act No. IX of 2009)(with effect from 1st July 2007).
190 Section 19BBBB was omitted by section 28 of the Finance Act,2010(Act No.XXXIII of 2010).
191 The word “residential” was omitted by section 19(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
192 Section 19BBBBB was substituted by section 14 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
193 The word “building” was substituted for the words “residential building” by section 19(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
194 The word “building” was substituted for the words “residential building” by section 19(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
195 Section 19C was inserted by section 29 of the Finance Act,2010(Act No.XXXVIII of 2010).
196 Section 19D was omitted by section 7a of the Finance Act,2014(Act No.IV of 2014).
197 Section 19DD was inserted by section 15 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
198 Section 19E was added by section 17 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
199 The word, figure and brackets “sub-section (5)” were substituted for the word, figure and brackets “sub-section (2)” by section 10 (a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
200 Clause (a) was substituted by section 10 (b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
201 The words “or” was omitted by section 14(a) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
202 The semi-colon (;) and “or”  was substituted for the full stop (.) at the end of clause (d) and thereafter new clause (e) was inserted  by section 14(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
203 Section 19F  was added by section 15 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
204 Section 19G was added by section 15 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
205 The words “the Government or any security approved by Government” were substituted for the words “the Government” by section 15 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
206 The colon (:) was substituted for the semi-colon (;) and thereafter the proviso was added by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
207 Clause (c) was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
208 The commas and words “, whether used for commercial or residential purposes,” were inserted by section 35 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
209 The commas and words “, furniture, fixture, fittings etc.” were added after the word “building” by section 14 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
210 Clause (c) was omitted by section 8 of অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
211 The words ''from bank or financial institution'' were inserted after the words ''with borrowed capital'' by section 8(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
212 The semi-colon (;) was substituted for the colon (:) and thereafter the proviso was omitted by section 18 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
213 Clause (gg) was inserted by section 36 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
214 The words ''from bank or financial institution'' were inserted after the words "with borrowed capital" by section 8(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
215 Clause (h) was substituted by section 16 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
216 Clause (i) was omitted by section 8 of অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
217 The semi-colon (;) was substituted for the full stop (.) and thereafter clause (h) was inserted by section 6 of অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
218 The semi-colon (;)  was substituted for the full-stop (.) by section 20 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
219 Clause (i) was added by section 20 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
220 Sub-section (3) was inserted by section 4 of অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
221 The words ''Bangladesh Development Bank Ltd.'' were substituted  for the words and comma ''Bangladesh Shilpa Bank, Bangladesh Shilpa Rin Sangstha'' by section 9 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
222 The comma and words '', Investment Corporation of Bangladesh'' were inserted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
223 The words “, any financial institution” were substituted for the words “investment corporation of Bangladesh”  by section 15 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
224 The words and comma “any other entity, when lending of money is not the business of transferor” were substituted for the words “a newly set up industrial undertaking or to an extension of an existing industrial undertaking whose income is exempted from payment of tax” by section 14 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
225 Clause (v) was omitted by section 16(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
226 The words “or bridge or road or fly over owned by a physical infrastructure undertaking” were inserted after the words “property of the assessee” by section 30 of the Finance Act,2010(Act No.XXXIII of 2010).
227 Clause (viiia) was inserted by section 11 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
228 Clause (x) was omitted by section 12 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
229 Clause (xa) was omitted by section 17 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
230 The words “, plant or any other fixed asset not being imported software” were substituted for the words “or plant”  by section 16 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
231 The proviso was omitted by section 37 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
232 The words, figure and brackets “the proviso of sub-section (1)” were substituted for the word, figure and brackets “sub-section (4)” by section 11 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন).(With effect from 1st July 2017).
233 Clause (xviii) was omitted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
234 Clause (xviiia) was inserted by section 8 of অর্থ আইন, ১৯৮৭ (১৯৮৭ সনের ২৭ নং আইন)
235 The words "Bangladesh Development Bank Ltd." were substituted  for the words "Bangladesh Shilpa Bank or Bangladesh Shilpa Rin Sangstha" by section 10 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
236 Clause (xviiiaa) was inserted by section of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
237 The comma and words ", Karmo shongsthan Bank" were inserted by section 14 of অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)
238 The words "one per cent" were substituted for the words "two per cent" by section 12 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
239 The proviso was substituted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
240 The commas and figures ", 1995-96, 1996-97, 1997-98, 1998-99" were substituted for the words and figures "and 1995-96 or till the assessment year the actual provision in respect of which is equal to the bad and doubtful debts as per Bangladesh Bank's guidelines in this behalf" by section 5 of  অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
241 The commas, figures and word ", 1999-2000, 2000-2001 and 2001-2002" were substituted for the word and figures " and 1999-2000" by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)12
242 The commas, figures and word ", 2001-2002, 2002-2003, 2003-2004 and 2004-2005" were substituted for the word and figures " and 2001-2002" by section 37 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
243 The commas, figures and word ", 2004-2005, 2005-2006 and 2006-2007" were substituted for the word and figures "and 2004-2005" by section  12 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
244 The colon (:) was substituted for the semi-colon (;) and the proviso was added by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
245 The semi colon (;) was substituted for the colon (:)  by section 5 of অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
246 proviso was omitted by section 5 of অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
247 The words “research and development” were substituted for the words “scientific research” by section 16(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
248 The words “research and development” were substituted for the words “scientific research” by section 16(c) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
249 The words “and in clauses (xix) and (xx)” were omitted by section 16(d) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
250 Section 30A was inserted by section 38 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
251 Clause (aa) was inserted by section 7  of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
252 The words, comma and Brackets “and মূল্য সংযোজন কর (value-added tax) thereon has not been collected or deducted and credited in accordance with the provisions of মূল্য সংযোজন কর আইন, ১৯৯১ (১৯৯১ সনের ২২ নং আইন)” were omitted by section 22 (a) (i)) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
253 Clause (aaa) was inserted by section 22 (a)(ii) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
254 Clause (aaaa) was substituted by section 13(a) of  অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018
255 Clause (e) was substituted by section 13 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
256 The words and comma “four lakh and seventy five thousand and to any employee who is a person with disability, as exceeds taka twenty five lakh” were substituted for the words “four lakh and fifty thousand” by section 22 (b) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
257 The words “ten lakh” were substituted for the words “ five lakh and fifty thousand” by section 17(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
258 Sub-clause (iii) was omitted by section 16 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
259 Clauses (g) and (h) were inserted by section 22 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
260 The words "net profit disclosed in the statement of accounts" were substituted  for the words "profit" by section 11(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
261 The words and commas “by way of head office or intra-group expense, called by whatever name,” were substituted for the words “ under the head of Head Office expenses” by section 13 (c) of  অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
262 clause (h) was substituted by section 13(d) of  অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018)
263 The words and symbols “net profit from business or profession, excluding any profit or income of subsidiary or associate or joint venture,” were substituted for the words “net profit” by section 21(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
264 The words and symbols “net profit from business or profession, excluding any profit or income of subsidiary or associate or joint venture,” were substituted for the words “net profit” by section 21(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
265 The words ““crossed cheque or” were omitted by section10(a) of অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন).
266 The word “twenty” was substituted for the word “fifteen”  by section10(a) of অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন)
267 Clause (ii)  was inserted by section section 10(b) of  অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন)
268 The words "net profit disclosed in the statement of accounts" were substituted  for the words "disclosed net profit" by section 11(d) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
269 The words, letters, symbol and brackets “zero point five zero percent (0.50%)” were substituted for the words, letters, symbol and brackets “one point two five percent(1.25%)” by section 21(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
270 The word “business” was inserted after the word “disclosed” by section 10(c) of  অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন)
271 The semi-colon (;) was substituted for the full stop (.) at the end and thereafter clauses (l) and (m) were inserted by section 19 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
272 The colon (:) was substituted for the semi-colon (;) and the proviso was added by section 12 (b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
273 clause (m) was substituted by section10(d) of  অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন)
274 The semi-colon ";" was substituted for the full-stop "."  and thereafter clause (n) was added by section 11(e) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
275 The words “a crossed cheque or” were omitted by section10(e) of অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন)
276 The semi-colon (;) was substituted for the full-stop (.) and clause (o) was added by section 12 (c) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
277 Clause (p) was added by section 21(c) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
278 The Explanations were substituted by section10(f) of অর্থ আইন, ২০২১ (২০২১ সনের ১১নং আইন)
279 Explanation-2 was omitted by section 17(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
280 Section 30B was inserted by section 17 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
281 The full stop (.) was substituted for the colon (:) after the words "in which the transfer took place" and thereafter the proviso was ommitted by section 18 of the Finance Act, 2011 (Act No. XII of 2011) .
282 Section 31A was inserted by section 22 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
283 Sub-clauses (a) and (b) were omitted by section 10 of the Finance Ordinance, 1986 (Ordinance No. XLV of 1986)
284 Sub-clauses (c), (cc) and (ccc) were substituted for the clause (c) by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
285 Sub-clause (c) was omitted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
286 The colon (:) was substituted for the full-stop (.) and thereafter the proviso was added by section 10 of the Finance Ordinance, 1986 (Ordinance No. XLV of 1986)
287 The proviso was omitted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
288 The proviso was inserted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
289 The word “same” was omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
290 Sub-section (5A) was inserted by section 18(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
291 Sub-section (7) was omitted by section 18(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
292 The words, commas, figures and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন)," were substituted for the words, comma and figures “the Companies Act, 1913 (VII of 1913)” by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
293 The words, commas, figures and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন),"  were substituted for the words, comma, figures and brackets “the Companies Act, 1913 (VII of 1913)” by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
294 Sub-section (11A) was omitted by section 16 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
295 Sub-section (12) was inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
296 The words, brackets, figures and commas “sub-sections (5), (7), (10), and (11)” were substituted for the words, brackets, figures and commas “sub-sections (5), (6), (7), (8), (9), (10) and (11)” by section 57 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
297 Section 32A was inserted by section 23 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
298 Clause (d) was substituted by section 24 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
299 The inverted commas, the words and the comma “Agricultural income”, were inserted by section 7 of অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
300 Sub-section (2) was substituted by section 13(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
301 Sub-section (3) was substituted by section 14(a) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
302 The words and symbols “clause (20) of section 2” were substituted for the words, numbers and symbols “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সালের ১৮ নং আইন)” by section 19 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
303 The words “or a registered firm” were omitted by section 6 of অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন)
304 The words “or the certification of accounts is not found verifiable” were inserted after  the words, letters and brackets “sub-section (3)” by section 14(b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
305 The proviso was substituted by section 14 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
306 The proviso was substituted by section 11 of  অর্থ আইন, ২০২১(২০২১ সনের ১১ নং আইন)
307 The colon (:) was substituted for the full-stop (.) by section 19(a) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)  (with effect from 1st July 2015).
308 The proviso was added by section (18) of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
309 The colon (:) was substituted for the full-stop (.) and thereafter the new proviso was added by section 19(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)  (with effect from 1st July 2015).
310 The word and commas “, bidi, zarda, chewing tobacco, gul or any other smokeless tobacco or tobacco products” were inserted after this word “cigarette” by section 24 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
311 The words “a firm” were substituted for the words “an unregistered firm” by section 6  of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন).
312 Sub-sections (3A) and (3B) were inserted by section 25 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
313 Sub-section (8) was added by section 20 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
314 The words, commas and semi-colon (;) “and also, in the case of a registered firm, of the tax payable by it;” were omitted by section 6  of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
315 The words “otherwise than by way of gift or for adequate consideration” were substituted for words “otherwise than for adequate consideration” by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
316 The words “otherwise than by way of gift or for adequate consideration” were substituted for words “otherwise than for adequate consideration” by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
317 The words “otherwise than by way of gift or for adequate consideration” were substituted for words “otherwise than for adequate consideration” by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
318 The word “settlor” was substituted for the word “settler” by section 12 of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)6
319 The word “settlor” was substituted for the word “settler” by section 12 of  অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)7
320 The full stop (.) was substituted for the colon (:) and thereafter the proviso was omitted by section 8 of অর্থ আইন, ১৯৮৮ (১৯৮৮ সনের ৩৩ নং আইন)
321 The word “settlor” was substituted for the word “settler” by section 12 of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)10
322 The word “settlor” was substituted for the word “settler” by section 12 of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)11
323 The word “settlor” was substituted for the word “settler” by section 12 of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
324 Sub-sections (2) and (3) were substituted by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
325 Clauses (b) and (c) were substituted by section 25 (a) of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
326 Clause (b) was substituted by section 21(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
327 The numbers and symbol  “20%” were substituted for the number and symbol  “25%” by section 21(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
328 The words “and fifty lakh” were omitted by section 12 of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
329 Sub-section (3) was omitted by section 25 (b) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
330 The words “twenty five percent” were substituted for the words “twenty percent” by section 14 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
331 The full stop (.) was substituted for the colon (:) and thereafter the proviso was omitted by section 15 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
332 Sub-section (5) was added by section 25(c) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
333 Clause (a) was substituted by section 21(c) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
334 Sub-sections (2A) and (2B) were inserted by section 8 of the Finance Ordinance, 1985 (Ordinance No. XXXII of 1985)
335 The figure “1995” was substituted for the figure “2000” by section 7 of  অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
336 The words “seven years” was substituted for the word “six years” by the Income tax (Amendment) Ordinance, 1986 (Ordinance No. L of 1986)
337 The words “five years” was substituted for the word “four years” by the Income tax (Amendment) Ordinance, 1986 (Ordinance No. L of 1986)
338 The words, commas, figures and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন)" were substituted for the words, comma, figures and brackets “the Companies Act, 1913 (VII of 1913)” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
339 Clauses (c) and (cc) were substituted for the clause (c) by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
340 Clause (c) was omitted by section 6 of  অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১৪ নং আইন)
341 The words and commas “during the period, or within one year from the end of the period,” were substituted for the words “within two years from the end of the period” by section  6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
342 The words “thirty per cent” were substituted for the words “twenty five per cent” by section 6 of  অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১৪ নং আইন)
343 The colon (:) was substituted for the semi-colon (;) and thereafter the proviso was added by section  6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
344 The words “one hundred and eighty days” were substituted for the words “one hundred and twenty days” by section 10 of the Finance Act, 1986 (Act No. LXV of 1986)
345 The words “one hundred and eighty days” were substituted for the words “one hundred and twenty days” by section 10 of the Finance Act, 1986 (Act No. LXV of 1986)
346 Sub-section (2C) was inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
347 The words “three months” were substituted for the words “six months” by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
348 The proviso was substituted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
349 Sub-section (8) was added by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
350 The words and commas “hunting lodges, amusement and theme park, holiday home, tourist resort, family fun and games, energy park” were substituted for the words “hunting lodges” by section 50 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
351 Sub-sections (2A) and (2B) were inserted by section 8 of  the Finance Ordinance, 1985 (Ordinance No. XXXII of 1985)
352 The figure “2000” was substituted for the figure “1990” by section 12 of  অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
353 The words “seven years” were substituted for the words “six years” by section 3 of the Income tax (Amendment) Ordinance, 1986 (Ordinance No. L of 1986)
354 The words “five years” were substituted for the words “four years” by section 3 of the Income tax (Amendment) Ordinance, 1986 (Ordinance No. L of 1986)
355 Clauses (c) and (cc) were substituted for former clause (c) by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
356 Clause (c) was omitted by section 6 of অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
357 The words and comma “during the period, or within one year from the end of the period” were substituted for the words and comma “within two years from the end of the period” by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
358 The words “twenty five per cent” were substituted for the words “twenty per cent.” by section 7  of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
359 The colon (:) was substituted for the semi colon (;) and thereafter the proviso was added by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
360 The words “one hundred and eighty days” were substituted for the words “one hundred and twenty days” by section 10 of the Finance Ordinance, 1986 (Ordinance No. XLV of 1986)
361 Sub-section (2C) was inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
362 The words “three months” were substituted for the words “six months” by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
363 Sub-section (8) was inserted by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
364 Section 46A was inserted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
365 The words and figure “profits and gains under section 28 fromprofits” were substituted for the words “profits and gains of”  by section 18 of  অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)3
366 The word, comma and figure “June, 2008” were substituted for the word, comma and figure “June, 2005” by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
367 The words “Dhaka and Chittagong divisions” were substituted for the words and comma “Dhaka and Chittagong and Sylhet divisions, ” by section 59 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
368 The word “four” was substituted for the word “five” by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
369 The words and commas “Rajshahi, Khulna, Sylhet and Barisal divisions” were substituted for the words and commas “Rajshahi, Khulna and Barisal divisions” by section 59 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
370 The word “six” was substituted for the word “seven” by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
371 The Explanation was omitted by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
372 Sub-section (1A) was inserted by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
373 The words and comma “solar energy plant,” were added after the words and comma “waste treatment plant,” by section (19) of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
374 Clause (b) and the Explanation was omitted by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
375 Clause (c) was substituted by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
376 The colon was substituted for full-stop at the end of the existing proviso and thereafter a new proviso was added by section 17 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
377 The words “within six months from the end of the month” were substituted for the words “within one hundred eighty days from the date” by section 59 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
378 Sub-section (2A) was substituted by section 24 of  অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
379 The words “forty-five days” were substituted for the words “thirty days” by section 24 of  অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
380 The colon (:) was substituted for the full stop (.) and thereafter the proviso was inserted by section 40 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
381 The proviso was substituted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
382 The semi-colon (;) and the word “; and” were substituted and thereafter clause (c) was added by section 51 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
383 The full stop (.) was substituted for the semi-colon (;) and clause (d) was omitted by section 16 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
384 The words, numbers and comma  ”June, 2015” were substituted for the words, numbers and comma  “June, 2013”  by section 13(a) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
385 The figure “2019” were substituted for the figure “2015” by section 14(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
386 sub-sections (1), (2), (3)and (4) were substituted by section 20 of the Finance Act, 2011 (Act No.XII of 2011)
387 The words, numbers and comma  ”the thirtieth day of June, 2015” were substituted for the words, numbers and comma  “the thirtieth day of June, 2013”  by section 13(b)(i) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
388 The figure “2019” were substituted for the figure “2015” by section 14(b)(i) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
389 Clause (i) and (ii) were substituted by section 13(b)(ii) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
390 The words and comma “Dhaka, Mymensingh and” were substituted for the words “Dhaka and” by section 13 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
391 Clause (ii) was substituted by section 14(b)(ii) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
392 Clause (aa) was inserted by section 20(a)(i) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
393 Clause (dd) was inserted by section 20(a)(ii) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
394 Clause (gg) was inserted by section 14(c) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
395 The words “or Tunnel Kiln” were inserted for the word “Hoffmann Kiln” by section 12(a)(iii) of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
396 The words “or” was omitted and thereafter new clause (qq) was inserted  by section 20(a)(iv) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
397 The words and commas  “or any individual not being a Bangladeshi citizen is employed or allowed to work without prior approval of the Board of Investment or any competent authority of the Government, as the case may be, for this purpose” were inserted after the words “are not fulfilled” by section 20(b) of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
398 Section 46BB was inserted by section 21 of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
399 Sub-clauses (xxvii), (xxviii), (xxix), (xxx), (xxxi), (xxxii) and (xxxiii) and the entries mentioned opposite were added by section 26 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
400 The words, numbers and comma  ”June, 2015” were substituted for the words, numbers and comma  “June, 2013”  by section 14(a) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
401 The figure “2019” was substituted for the figure “2015” by section 15(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
402 Section 46C was added by section 21 of the Finance Act, 2011 (Act No. XII of 2011) .
403 Sub-section (1) was substituted by section 14(b) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
404 The figure “2019” was substituted for the figure “2015” by section 15(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
405 The words “toll road or bridge” were substituted for the words “toll road " by section 21 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
406 The words and commas  “or any individual not being a Bangladeshi citizen is employed or allowed to work without prior approval of the Board of Investment or any competent authority of the Government, as the case may be, for this purpose” were inserted after the words “are not fulfilled” by section 20(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
407 Section 46CC was inserted by section 22 of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
408 The words “including a co-operative society carrying on the business of banking" was omitted by section 22 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
409 Clause (a) and (c) was omitted by section 22 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
410 Clause (a) and (c) was omitted by section 22 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
411 The words “three lakh taka” were substituted for the words “one lakh taka” by section 6  of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
412 The word “fifteen” was substituted for the word “ten” by section 8 of the Finance Ordinance, 1985 (Ordinance No. XXXII of 1985)
413 Clause (aa) was inserted by section 52 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
414 Clause (bb) was omitted by section 2 of the Income Tax (Amendment) Ordinance No, 1985 (Ordinance No. XXXVI of 1985)
415 Clause (d) was substituted by section 23(a) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
416 The word “and” was omitted by section 8 of  অর্থ আইন, ১৯৮৮ (১৯৮৮ সনের ৩৩ নং আইন)
417 The semi colon (;) was substituted for the full-stop (.) and thereafter clauses (h) to (m) were added by section 8 of  অর্থ আইন, ১৯৮৮ (১৯৮৮ সনের ৩৩ নং আইন)
418 Clause (II) was inserted by section 16(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
419 Clause (l) was omitted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
420 The word “and” was omitted by section 12 of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
421 The semi-colon (;) was substituted for the full stop (.) and the word “and ” and clause (n) was inserted by section 12 of  অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৪ নং আইন)
422 The word “and” was omitted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
423 Clause (n) was substituted by section 52 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
424 The semi-colon (;) was substituted for the full-stop (.) and thereafter the clauses (o), (p) and (q) were inserted by section 7 of  অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
425 Clause (oo) was inserted by section 26 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
426 Clauses (r), (s), (t), (u), (v), (w), (x), (y) and (z) were  inserted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
427 Clause (u) was omitted by section 60 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
428 Clause (v) was omitted by section 52 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
429 Clause (y) was omitted by section 60 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
430 Clauses (za), (zb) and (zc) were added by section 60 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
431 Clause (zb) was omitted by section 52 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
432 The semi-colon (;) was substituted for the full stop (.) and thereafter clause (zd) was inserted by section 52 of  অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
433 The semi colon (;) was substituted for the full stop (.) and thereafter clause (ze) was added by section 41 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
434 The semi-colon (;) was substituted for the full stop (.) and thereafter clauses (zf), (zg), (zh) and (zi) were inserted by section 17 of  অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
435 Clause (zf) was substituted by section 19 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
436 The words “any commodity” were substituted for the words “knitwear or oven garments” by section 20 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
437 The semi-colon (;) was substituted for the full-stop (.) and  thereafter clauses (zj), (zk) and (zl) were added  by section 19 of  অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)
438 Clause (zk) was omitted by section 19 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
439 Clause (zkk) was inserted by section 23(b) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
440 Clause (zl) was omitted by section 20(b) of the Finance Act, 2009 (Act No. IX of 2009)(with effect from 1st July 2009).
441 Clauses (zm), (zn) and (zo) were added by section 20(c) of the Finance Act,2009(Act No. IX of 2009)(with effect from 1st July 2009).
442 The words `issuance or` were omitted by section 16(a) of the Finance Act, 2009 (Act No. X of 2009)(with effect from 1st July 2008).
443 Clause (zn) was omitted by section 34(a) of the Finance Act, 2010 (Act No.XXXIII of 2010).
444 Semicolon was substituted for the full-stop and thereafter new clauses (zp), (zq), (zr) and (zs) were added by section 16(b) of the Finance Act, 2009 (Act No. X of 2009)(with effect from 1st July 2008).
445 Semicolon was substituted for the full-stop at the end and thereafter clause (zt) was added by section 19 of the Finance Act, 2009 (Act No.XXXVI of 2009)(with effect from 1st July 2009).
446 Semi-colon (;) was substituted for the full-stop (.) at the end of clause (zt) and thereafter clauses (zu) and (zv) were added by section 34(b) of the Finance Act, 2010 (Act No. XXXIII of 2010).
447 Clause (zu) was omitted by section 15(a) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
448 The semi-colon (;) was substituted for the full stop (.) at the end of clause (zv) and thereafter the new clauses (zw) and (zx) were added by section 22(a) of the Finance Act, 2011 (Act No. XII of 2011).
449 The semi-colon (;) was substituted for the full stop (.) at the end of clause (zx) and thereafter the new clause (zy) was added by section 23(c) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
450 The semi-colon (;) was substituted for the full-stop (.) and thereafter clause (zz) was added by section 15(b) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
451 The semi-colon “;” was substituted for the full-stop “.”  and thereafter clauses (zza), (zzb), (zzc), (zzd) and (zze) were added by section 16(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
452 The semi-colon (;) was substituted for the full stop (.) and thereafter clause (zzff) was inserted by section 23 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
453 The semi-colon (;) was substituted for the full stop (.) and thereafter clause (zzg) & (zzh)  were inserted by section 22 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (with effect from 1st July 2022).
454 The words and comma `not being payments made by the government,` were omitted by section 22(b) of the Finance Act, 2011 (Act No. XII of 2011).
455 Section 50A was inserted by section 5 of  অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
456 The colon (:) was substituted for the full-stop (.) and thereafter the proviso was inserted by section 19 of অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
457 Sub-sections (1A) and (1B) were inserted by section 24(A) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
458 The word, figure and brackets “ sub-sections (1) and (1A)” were substituted for the word, figure and brackets “sub-section (1)” by section 24(B) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
459 Sub-section (2A) was inserted by section 16 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
460 The word, figure and brackets “ sub-sections (1) and (1A)” were substituted for the word, figure and brackets “sub-section (1)” by section 24(C) of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
461 The word, figure and brackets “ sub-sections (1) and (1A)” were substituted for the word, figure and brackets “sub-section (1)” by section 24(D) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
462 Section 50B was added by section 23 of the Finance Act, 2011 (Act No. XII of 2011) .
463 Section 51was substituted by section 27 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
464 Section 52, 52A and 52AA were substituted by section 28 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
465 The proviso was substituted by section 14 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
466 Proviso (a) was substituted by section 23(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
467 Paragraph (b) was omitted by section 23(a) (i) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
468 Proviso (bb) was substituted by section 23(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
469 Paragraph (d) was added by section 23(a) (ii) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
470 The colon “:” was substituted for the full-stop “.” by section 28(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
471 Proviso was added by section 28(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
472 The words “or a Micro Credit Organisation having licence with Micro Credit Regulatory Authority” were inserted after the word “Bureau” by section 23(b)(i) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
473 Item (xiia) was inserted by section 23(b)(ii) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
474 The word “and” was omitted by section 13(b) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
475 Item (xv) and (xvi) were substituted for Item (xv) by section 13(b) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
476 The word “and” was omitted by section 23(c)(i) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
477 Item (xvi) was substituted by section 23(c)(i) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
478 Item (xvii) was added after item (xvi) by section 23(c)(ii) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
479 The words “or an order or instruction of making payment” were added after the words “adjustment of payment” by section 28(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
480 The words “or an order or instruction of making payment” were added after the words “adjustment of payment” by section 29 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
481 Sub-section (1) was substituted by section 24 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
482 The words “or an order or instruction of making payment” were added after the words “adjustment of payment” by section 30 (b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
483 Section 52AAA was inserted by section 23 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
484 The words “ten percent” were substituted for the words “seven and half percent” by the sections 36 of the Finance Act,2010(Act No.XXXIII of 2010).
485 Section 52B was substituted by section 29 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
486 Sub-section 52C was substituted by section 37 of the Finance Act,2010(Act No.XXXIII of 2010).
487 The word “six” was substituted for the word “two” by section 31(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
488 The word “three” was substituted for the word “one” by section 31(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
489 Sections 52D, 52E, 52F, 52G, 52H and 52I were inserted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
490 Section 52D and 52DD were substituted by section 30 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
491 The words, brackets and symble “ten per cent (10%)” were substituted for the words, brackets and symble “five percent (5%)” by section 25 of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
492 section 52DD was substituted by section 15 of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
493 Section 52F was substituted by section 21 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
494 Section 52F was substituted by section 26 of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
495 Section 52JJ was substituted by section 31 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
496 Section 52K was substituted by section 25 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
497 The words “three thousand” were substituted for the words “five hundred” by section 27(a) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
498 The words and comma “Dhaka South City Corporation, Dhaka North City Corporation” were substituted fof the words “Dhaka City Corporation” by section 16(a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
499 The words “two thousand” were substituted for the words “three hundred” by section 27(b) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
500 The words “in any other city corporation” were substituted for the words and comma “in any city corporation, other than Dhaka and Chittagong City Corporation” by section 16(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
501 The words “one thousand” were substituted for the words “three hundred” by section 27(c) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
502 The words “five thousand” were substituted for the words “one hundred” by section 27(d) of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
503 Section 52L was omitted by section 40 of the Finance Act,2010(Act No.XXXIII of 2010).
504 Section 52M was inserted by section (29) of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
505 The words "or credit of such payment to the account of the payee" were inserted after the words "at the time of  making such payment" by section 27 of the Finance Act, 2011 (Act No. XII of 2011) .
506 The words “fifteen percent” were substituted for the words “seven and half percent” by section 41 of the Finance Act,2010(Act No.XXXIII of 2010).
507 section 52N was substituted by section 16 of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
508 Section (52O) was added by section 21 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
509 Section 52P was substituted by section 28 of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
510 Section 52Q was substituted by section 32 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
511 The provisos were substituted by section 17 of  অর্থ আইন, ২০২১(২০২১ সনের ১১ নং আইন).
512 The word and number “and 61” were inserted after the word and number “ paragraph 48” by section 25 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
513 Section 52R was added by section 27 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
514 The words, figures, symbol and brackets “one point five percent (1.5%)” were substituted the words “one percent” by section 32 (a) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
515 The comma, words and brackets “, Bangladesh Telecommunication Regulatory Commission (BTRC)” were inserted after the words and brackets “Access Network Services (ANS)” by section 33 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
516 The words, figures, symbol and brackets “seven point five percent (7.5%)” were substituted the words “five percent” by section 32 (b) by section 22 (a)(ii) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
517 Sub-section (2A) was inserted by section 17(a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
518 The words, figures and brackets “sub-sections (1), (2) or (2A)” were substituted for the words, figures and brackets “sub-section (1) or (2)” by section 17 (b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
519 The comma and word “, etc.” were inserted after the words “soft drink” by section 24(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
520 Section 52S was omitted by section 17 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
521 Section 52T, 52U and 52V were added by section 25 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
522 Section 52U was substituted by section 18 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
523 The words, letter, symbol and brackets “The tax shall be deducted at the rate of two percent (2%)” were substituted for the words “The provision of this section shall not be applicable” by section 34(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
524 Sub-section (4) was omited by section 34(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
525 section 53 was substituted by section 18 of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
526 Sections 53A, 53B, 53C and 53D were inserted by section 8 of  অর্থ আইন, ১৯৮৮ (১৯৮৮ সনের ৩৩ নং আইন)
527 Section 53A was substituted by section 29 of  অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
528 The words “a certificate is received in prescribed manner from Deputy Commissioner of Taxes concerned and” were inserted after the word “unless” by section 34 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
529 The words “five percent” were substituted for the words “four percent” by section 30 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
530 The colon(:) was substituted for the full-stop at the end and thereafter proviso was added by section 22 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
531 section 53B was substituted by section 19 of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
532 Section 53BB was substituted by section 26 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
533 Section 53BBB was substituted by section 36 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
534 Section 53BBBB was omitted by section 27 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
535 The words “public auction through sealed tender or otherwise” were substituted for the words “public auction” by section 4 of  অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
536 The commas and words  ", other than a private limited company," were omitted after the words "the force of law in Bangladesh or any company" by section 33 (a) of the Finance Act, 2011 (Act No. XII of 2011) .
537 The words, commas, figures, and brackets “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮নং আইন)"  were substituted for the words, comma, figures and brackets “  the Companies Act, 1913 (VII of 1913)” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
538 The words, figures, comma and brackets "the Companies Act, 1913 (VII of 1913) or" were omitted by section 33(b)  of the Finance Act, 2011 (Act No. XII of 2011) .
539 The words “or allowing to exercise the rights” were inserted after the words “before delivering the possession of the goods or the property”by section 20(a) of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
540 The words, figure and clone(:) “at the rate of 10% (ten percent) of the sale price:” were substituted for the words, commas and full stop “at such rate, not exceeding seven and a half percent of the sale price, as may be prescribed.” by section 20(b) of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
541 The new Proviso “Provided that the rate of deduction shall be 1% (one percent) in case of sale of tea by public auction.” was inserted before the Explanation by section 20(c) of  অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
542 Section 53CC was omitted by section 35 of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
543 Section 53CCC was inserted by section 35 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
544 Section 53D was substituted by section 34 of the Finance Act, 2011 (Act No. XII of 2011) .
545 The colon (:) was substituted for the full stop (.) at the end and thereafter the proviso was inserted by section 32 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
546 Section (53DD) was omitted by section 26 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
547 Section 53DDD was inserted by section 33 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
548 The words “three per cent” were substituted for the words “five percent” by section 27 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
549 The word “ten” was substituted for the word “three” by section 30 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
550 Section 53E was substituted by section 18 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
551 The words “or an order or instruction of making payment” were added after the words “adjustment of payment” by section 38 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
552 The semi-colon (;) was substituted for the full stop (.)at the end of clause (b) and thereafter the new clause (c) was inserted by section 21 of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
553 Section 53EE was inserted by section 66 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
554 The words, figure, symbol and brackets “ten per cent (10%)” were substituted for the words “ seven and a half per cent ” by section 37 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)  (with effect from 1st July 2015).
555 Section 53F was substituted by section 28 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
556 Section 53FF was inserted by section 26 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
557 Clause (a) was substituted by section 47 of the Finance Act,2010(Act No.XXXIII of 2010).
558 The words and commas ", constructed for residential purposes," were inserted after the words "in case of building or apartment" by section 36 (a) of the Finance Act, 2011 (Act No. XII of 2011).
559 Sub-clause (i), (ii) and (iii) were substituted for Sub-clause (i) and (ii) by section 36 (a) of the Finance Act, 2011 (Act No. XII of 2011).
560 The words ” one thousand and six hundred” were substituted for the words “two thousand”  by section 23(a)(i) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
561 The words ” one thousand and five hundred” were substituted for the words “one thousand and eight hundred”  by section 23(a)(ii) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
562 Sub-clause (iii) was substituted by section 38(a) of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
563 Clause (aa) was added by section 36 (b) of the Finance Act, 2011 (Act No. XII of 2011) .
564 The words ”six thousand and five hundred” were substituted for the words “eight thousand”  by section 23(b)(i) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
565 The words ”five thousand” were substituted for the words “six thousand”  by section 23(b)(ii) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
566 Sub-clause (iii) was substituted by section 38 (b) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
567 Clause (b) was substituted by section 35 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
568 The words “five percent” was substituted for the words “five percent” by section 48 of the Finance Act,2010(Act No.XXXIII of 2010).
569 The full-stop was substituted for the colon at the end and the proviso was omitted by section 19 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
570 The words “fifteen percent” were substituted for the words “seven and half percent” by section 49 of the Finance Act,2010(Act No.XXXIII of 2010).
571 The word “ten” was substituted for the word “fifteen” by section 31 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
572 Section (52GGG) was omitted by section 39 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
573 Section 53H was substituted by section 30 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
574 The semi-colon (;) was substituted for the full stop (.) at the end of clause (b) and thereafter  the new clause (c) was added  by section 23 of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
575 The “Explanation” was omitted by section 39 of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
576 Section 53HH was substituted by section 29 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
577 Section 53I was inserted by section 20 of the Finance Ordinance, 2008 (Ord. No. 33 of 2008).
578 First proviso was omitted by section 50 of the Finance Act,2010(Act No.XXXIII of 2010).
579 The word “further” was omitted by section 50 of the Finance Act,2010(Act No.XXXIII of 2010).
580 The words “water body or” were inserted after the words “rental value of” by section 30(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
581 Section 53J was substituted by section 32 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
582 The words “water body not being government property” were inserted after the words “on accounting of renting” by section 30(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
583 The words “or private radio station” were inserted after the words “private television channel” by section 38(a) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
584 The comma and word “, etc.” were inserted after the words “private radio station” by section 32(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
585 Section (53k) was inserted by section 20 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
586 The words “or private radio station” were inserted after the words “private television channel” by section 38(b) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
587 The words “private radio station or any web site on account of advertisement of purchasing airtime of private television channel or radio station or such web site” were substituted for the words “private radio station on account of advertisement of purchasing airtime of private television channel or radio station” by section 32(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
588 The words “or any person on account of advertisement or” were substituted for the words “on account of advertisement of ” by section 41(a) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
589 The words, figure, symbol and brackets “ four per cent (4%)” were substituted for the words “ three per cent ” by section 41(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
590 Section 53L and 53M were inserted by section 51 of the Finance Act,2010(Act No.XXXIII of 2010).
591 Section 53L was omitted by section 24 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
592 Section 53N and 53O were inserted by section 33 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
593 section 53O was omitted by section 42 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
594  section 53P was inserted after the section 53O  by section 43 of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
595 Section 53Q was inserted after section 53P by section 31 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
596 Section 53R was inserted by section 31 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022)
597 section 54 was substituted by section 44 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
598 The colon (:) was substituted for the full-stop (.) and the proviso was added by section 20 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
599 The words “being resident in Bangladesh” were omitted by section 33 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
600 The words “payable on the amount at the rate of twenty-five per cent” were substituted for the words, figure, brackets and letter “payable on the amount at the rates specified in paragraph 3(b) of the Second Schedule” by section 6 of  অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
601 Section 56 was substituted by section 39 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
602 The words “or Digital marketing” were added after the words “Advertisement making” by section 19 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
603 The words “not being the carrying services mentioned in sections 102 or 103A” were added after the words “Air transport or water transport” by section 21(a) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
604 SL Nos. 20  and the entries mentioned opposite were substituted by section 39 (a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
605 SL. No 24 and 24A were substituted by section 34(a)(i) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
606 SL. No. 27 was substituted by section 32 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
607 Proviso was inserted by section 34(a)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
608 Sub-sections (2) and (2A) were substituted for sub-section (2) by section 21(b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
609 The words “within thirty days from the date of receipt of such application accompanied by all the documents as required by the Board” were inserted after the words “may issue a certificate”by section 34(b) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
610 Sub-section (3) was substituted by section 39 (b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
611 Section 57 was substituted by section 33 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
612 Section 57A was inserted by section 41 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
613 Section 58 was substituted by section 42 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
614 The words “the cases in which” were substituted for the word “that” by section 20 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
615 Sub-section (3) was inserted by section 22 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
616 The words and commas “, along with the proof of payment of such tax to the account of the Government,” were inserted after the word “furnished” by section 43 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
617 The third proviso was omitted by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
618 Section 62A was omitted by section 39 of the Finance Act, 2011 (Act No. XII of 2011).
619 The words “four lakh taka” were substituted for the words “three lakh taka” by section 52 of the Finance Act,2010(Act No.XXXIII of 2010).
620 The word “six” was substituted for the word “four” by section 35 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
621 The words “excluding gain from transfer of share of a company listed with a stock exchange” was inserted after word and mark “Capital gains” by section 52 of the Finance Act,2010(Act No.XXXIII of 2010).
622 The words “The minimum amount of advance tax” were substituted for the words “The amount of advance tax” by section 21 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
623 The colon (:) was substituted for the full stop (.) and therafter the proviso was added by section  of the Finance Ordinance, 1985 (Ordinance No.  XXXII of 1985)
624 The words “four lakh taka” were substituted for the words “three lakh taka” by section 53 of the Finance Act,2010(Act No.XXXIII of 2010)(with effect from 1st July 2010).
625 The word “six” was substituted for the word “four” by section 40 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
626 Sections 68A and 68B were inserted by section 44 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
627 The Table was substituted by section 24(a) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
628 the new sub-sections (2A) and (2B) were added  by section 24(b) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
629 Clause (a) was substituted by section 34 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
630 The words “ten per cent” were substituted for the words “twelve per cent” by section 6 of  অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
631 The words “first day of July of the year of assessment” were substituted for the words “first day of July of the year in which the advance tax was paid” by section 6 of  অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন)
632 The words “first day of July” were substituted for the words “first day of April” by section 5 of  অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
633 Sections 73 and 73A were substituted by section 45 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
634 The words, figures and brackets “the acceptance of revised return or the assessment made as a result of the audit under section 82BB(7)” were substituted for the words, figures and brackets “an assessment under section 82BB(3)”
635 The words, figure and brackets “clause (a) of” were omitted by section 23(a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
636 Clause (i) was substituted by section 23(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
637 Sub-section (1) was substituted by section 35 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
638 The words and brackets “sub-section (4) of section 82C” were substituted for the words “section 16CCC” by section 46 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
639 Sections 75, 75A and 75AA by section 47 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
640 Sub-clause (ix) was added by section 24(a)(i) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
641 Sub-clause (x) and (xi) were inserted by section 36 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
642 The words “any law governing value added tax” were substituted for the words, comma, figures and brackets “মূল্য সংযোজন কর আইন, ১৯৯১ (১৯৯১ সনের ২২ নং আইন)” by section 24(a)(ii) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
643 The word “or” was inserted after the semi-colon “;” by section 42(a)(i) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
644 Semi-colon and word (; or) were substituted for the colon (:) and thereafter item (x) was inserted by section 23 (a) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
645 Sub-clauses (x) and (xi) were substituted by section 42(a)(ii) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
646 Clause (f) was substituted by section 35(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
647 Sub-section (2) was substituted by section 35(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
648 The words “education or training on deputation or leave” were substituted for the words “education on deputation” by section 24(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
649 The words and commas “a Micro Credit Organisation having licence with Micro Credit Regulatory Authority, a private university, a private hospital, a clinic, a diagnostic centre, a firm or an association of persons” were inserted after the word “Bureau” by section 37 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
650 The words “a university” were substituted for the words “a private university” by section 43(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
651 The symbols and words “an English medium school providing education following international curriculum, artificial juridical person, local authority,” were inserted after the words and symbol “a diagnostic centre,” by section 43(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
652 The word, figure and brackets “clause (b)” were substituted for the word, figure and bracket “clause (c)” by section 25(a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
653 The words “the cases in which the” were substituted for the words “that any” by section 25(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
654 The word “Commissioner” was substituted for the word “Board” by section 38 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
655 Section 75B was added after the section 75 by section 43 of the Finance Act, 2011 (Act No. XII of 2011) .
656 Section 75C was added after the section 75B by section 44 of the Finance Act, 2011 (Act No. XII of 2011).
657 Section 76 was omitted by section 48 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
658 Sub-section (1) was substituted by section 62 of অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
659 The words “twenty-one days” were substituted for the words “thirty days”  by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
660 Section 79 was substituted by section 26 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
661 section 80 was substituted by section 25 of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
662 The words “local and global” were inserted after the words “in respect of all” by section 36 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
663 Section (82) was substituted by section 26 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
664 The word, figure and brackets “sub-section (5)” were substituted for the words, figures and brackets “clause (c) of sub-section (2)” by section 28 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
665 The word “and” was omitted by section 37(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
666 The semi-colon and word “; and” were substituted for the full-stop “.”  and thereafter clause (d) was added by section 37(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
667 Sections 82A and 82B were inserted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
668 The words and comma  “on the basis of such assessment, and communicate the assessment order to the assessee within thirty days next following” were substituted for the words “on the basis of such assessment” by section 4 of  অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
669 The word “and” was omitted by section 38(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
670 Clause (b) was substituted by section 4 of অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
671 The words, figures and brackets “clause (c) of sub-section (3) of section 75” were substituted for the word, figures and brackets “section 75 (2) (d)” by section 29 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
672 The semi-colon and word “; and” were substituted for the full-stop “.”  and thereafter clause (c) was added by section 38(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
673 Section (82B) was omitted by section 27 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
674 Section 82BB was substituted by section 30 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
675 The word “ninety” was substituted for the word “sixty” by section 24(a)(i) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
676 The word “nine” was substituted for the word “six” by section 24(a)(ii) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
677 The words “except the return of income of a financial institution” were inserted after the words “amended return” by section 39 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
678 The semi-colon and word (; and) were substituted for the full-stop (.) and thereafter clause (c) was added by section 24 (b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
679 Section 82C was substituted by section 51 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
680 The letters, words, symbols, numbers and brackets “SL. No. 1, 2 and 13A of the Table of sub-section (1) of section 52AA” were substituted for the letters, words, symbols, numbers and brackets “SL No. 1 of the Table of sub-section (1) of section 52AA” by section 45(a)(i) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
681 The number “14” was inserted for the number and letter “13A” by section 37(a)(i) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
682 The number, letter and comma  “52Q” were inserted after the number, letter and comma  “ 52O,” by section 37(a)(ii) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
683 The number, letter and comma  “53BBBB,” were omitted by section 37(a)(iii) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
684 The comma and figure “, 53E” were inserted after the figure “53DDD” by section 31(a)(i) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
685 The comma, number and letters “, 53P” were inserted after the number and letter “53N” by section 40(a)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
686 The number, letter and comma  “, 53Q, 53R” were inserted after the number and letter  “ 53P” by section 37(a)(iv) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
687 The commas and words “,except an industrial undertaking engaged in producing cement, iron or iron products,” were inserted after the words “industrial undertaking” by section 40(a)(iii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
688 The words and comma “ferro alloy products,” were inserted after the words and symbol “iron products,” by section 45(a)(ii) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
689 The Words and comma “perfumes and toilet waters,” were inserted for the words and comma “ferro alloy products,” by section 26(a) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
690 The words and comma  “beverage concentrate,” were inserted after the words and comma  “toilet waters,” by section 37(a)(v) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
691 The words “applicable rate” were substituted for the words “regular rate” by section 31(a)(ii) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
692 The words, letter, number and symbol  “ Serial No. 3 and 4 of the Table of section 53F(1)” were substituted for the words, letter, number and symbol  “ section 53F(1)(c) and (2)” by section 37(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
693 The words “less cost of acquisition” were inserted after the numbers “53H” by section 40(b)(i) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
694 Serial No. 6 and entries were inserted by section 40(b)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
695 The initial part of sub-section (4) and clause (a) were substituted by section 45(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
696 The figures and symbol “0.25%” were substituted for the the figures and symbol “0.50%” by section 26(b) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
697 The words “regular tax rate” were substituted for the words “regular rate” by section 31(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
698 Sub-section (8A) was inserted by section 25 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
699 Section 82D was substituted by section 38 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
700 Section (83A) was omitted by section 29 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
701 Section (83AA) was omitted by section 29 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
702 Section 83 was substituted by section 6 of অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন)
703 Section 83AAA was inserted by section 73 of অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
704 Section 84 was substituted by section 55 of অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
705 The Semi-colon, words and commas “; and in the case of firm, may refuse to register it or may cancel its registration if it is already registered,” were omitted by section 49 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
706 Clause (a) was omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
707 The words “a firm” were substituted for the words “an unregistered firm” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
708 The word “income” was substituted for the word “tax” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
709 Section 93 was substituted by section 32 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017)
710 The word “six” was substituted for the word “five” by section 41(a)(i) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
711 First proviso was omitted by section 41(a)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
712 The word “further” was omitted by section 41(a)(ii) of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
713 Sub-sections (1) and (2) were substituted for the sub-sections (1), (1A), (1B) and (2) by section 33 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
714 The figure, letter and comma “152E,” were omitted by section 56 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
715 The words and comma “or an agreement reached under section 152O, shall be made within thirty days from the date on which the order or the agreement” were substituted for the words “ shall be made within thrity days from the date on which the order” by section 39 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
716 The words “and communicate such revised order to the assessee within thirty days next following” were inserted by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
717 The colon (:) was substituted for the full-stop (.) and thereafter the proviso was added by section 33 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
718 The word “sixty” was substituted for the words “forty five” by section 26 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
719 The words, figures and commas “sections 120, 121A, 156, 159, 161 or 162” were substituted for the words, figures and commas “sections 120, 156, 159,161 or 162” by section 33 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
720 The words, figures and commas “sections 120, 121A, 156, 159, 161 or 162” were substituted for the words, figures and commas “sections 120, 156, 159,161 or 162” by section 33 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
721 Sub-section (4) was added by section 56 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
722 Section 94B was added after section 94A by section 40 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
723 The words “or has discontinued business for three successive years” were inserted after the words “company is wound up” by section 41 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
724 The words, commas, brackets and figures “the Companies Act, 1913 (VII of 1913) or কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন)”  were substituted for the words, comma, brackets and figures “the Companies Act, 1913 (VII of 1913)” by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
725 Section 102 was substituted by section  12 of  অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
726 The words “shipped at any port” were substituted for the words “at any port” by section 27 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
727 The colon (:) was substituted for the full-stop (.) and the proviso was added by section 34 (a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
728 The words “Commissioner of Customs” were substituted for the words “Collector of Customs” by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
729 Sub-section (8) was added by section 34 (b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
730 Section 103A was inserted by section  of অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
731 The words, commas, figures and brackets “the Gift-tax Act, 1963 (XIV of 1963) or দান কর আইন, ১৯৯০ (১৯৯০ সনের ৪৪ নং আইন)" were substituted for the words, comma, figures and brackets “the Gift-tax Act, 1963 (XIV of 1963)” by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
732  “CHAPTER XIA” was inserted by section 45 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
733 The words “irrespective of whether such other person is a non-resident or not” were inserted after the words “with a person” by section 42 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
734 Clause (6) was omitted by section 28 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
735 Sub-section (1A) was inserted by section 43 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
736 The words and comma “and in computing the income of a person that is exempted from tax or is subject to a reduced rate of tax, the adjustment made in conformity with the arm’s length price so determined by the Transfer Pricing Officer shall be treated as income of such person and tax shall be payable on such income at the regular rate” were added after the word “Officer” by section 44 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
737 Section 107EE was inserted by section 42 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
738 Section 107F was substituted by section 50 of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
739 Section 107HH  was inserted by section 51 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
740 The words “from a Chartered Accountant” were omitted by section 52 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
741 Section 108A was inserted by section 29 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
742 The words “fifteen thousand taka” were substituted for the words “five thousand taka” by section 10 of the Finance Ordinance, 1986 (Ordinance No. XLV of 1986)
743 Chapter XIIIA and section 111A were added after omitted section 111 by section 42 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
744 Chapter XIIIA and section 111A were added after omitted section 111 by section 42 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
745 The words and commas “the Commissioner, the Director General, Central Intelligence Cell,” were substituted for the words “ the Commissioner” by section 34 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
746 The words, symbols and bracket “Directors-General of Inspection (Taxes),” were inserted for the words words and symbols “Central Intelligence Cell,” by section 26(b) of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
747 Commas and words “, the Director General, Central Intelligence Cell, and by any other officer, without the approval of the board” were omitted by section 45 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
748 Section 113A was inserted by section 30 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
749 The words and comma “Senior Commissioner, the” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
750 The words “Directors-General of Inspection” were substituted for the words “Director of Inspection” by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
751 The words and commas “the Commissioner, the Director General, Central Intelligence Cell,” were substituted for the words “the Commissioner” by section 35 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
752 The words , numbers, bracket and commas “require any such person or any other person in relation to such enquiry to appear before him at the time and place as directed for providing any information or to produce or cause to be produced necessary documents, accounts or records including any electronic records and systems referred to in the Explanation of sub-section (2) of section 117 under the possession or control of such person or such other person” were substituted for the words and comma “require any such person to produce, or cause to be produced, any accounts or documents which they may consider necessary” by section 27 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
753 The words and comma “the Senior Commissioner,” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
754 The words “Directors-General of Inspection” were substituted for the words “Director of Inspection” by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
755 The words and commas “the Commissioner, the Director General, Central Intelligence Cell,” were substituted for the words “the Commissioner” by section 35 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
756 The words and commas “the Commissioner, the Director General, Central Intelligence Cell,” were substituted for the words “the Commissioner” by section 35 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
757 The words “Senior Commissioner or” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
758 Section 116A was inserted by section 28 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
759 The words “the Senior Commissioner or” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
760 The words “Directors-General of Inspection” were substituted for the words “Director of Inspection” by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
761 The words and commas “the Commissioner, the Director General, Central Intelligence Cell,” were substituted for the words “the Commissioner” by section 36 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
762 The words and comma “or electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
763 The words and comma “or electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
764 The words “Assistant Commissioner of Taxes” were substituted for the words “Deputy Commissioner of Taxes” by section 46(a) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
765 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
766 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
767 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
768 The semi-colon (;) was substituted for the full stop (.)  at the end of clause (f) and thereafter new clause (g)  was added by section 47(a) of the Finance Act, 2011 (Act No. XII of 2011) .
769 “Explanation” was inserted after the sub-section (2) by section 46(b) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
770 The words "or any professional expert from outside the government" were inserted after the words "government" by section 47 (b) of the Finance Act, 2011 (Act No. XII of 2011) .
771 The words "or professional expert" were inserted after the words "every such officer" by section 47 (b) of the Finance Act, 2011 (Act No. XII of 2011) .
772 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
773 Colon(:) was substituted for the full-stop at the end of sub-section(4) and thereafter proviso was added by section 46 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
774 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
775 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
776 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
777 The words and commas “the books of accounts, documents, electronic records and systems” were substituted for the words “the books of accounts and documents” by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
778 The words and comma “or electronic records and systems” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
779 The words and comma “or electronic records and systems” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
780 The words “the Senior Commissioner or” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
781 The words “the Senior Commissioner or” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
782 The words and comma “electronic records and systems,” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
783 The words and comma “or electronic records and systems” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
784 The words and comma “or electronic records and systems” were inserted by section 59 of the Finance Act,2010(Act No.XXXIII of 2010).
785 Section 117A was substituted by section 43 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022)
786 The words “the Senior Commissioner or” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
787 The words “Directors-General of Inspection” were substituted for the words “Director of Inspection” by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
788 Section 120 was substituted by section 35 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
789 Section 121 was omitted by section 47 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
790 Section 121A was added by section 34 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
791 The words and commas “the Director General, Central Intelligence Cell,” were inserted after the words and commas “the Commissioner,” by section 60 of the Finance Act,2010(Act No.XXXIII of 2010).
792 Section 123 was substituted by section 44 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
793  The word “may” was substituted for the word “shall” by section 31 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
794 Section 124 was substituted by section 37 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
795 The words, letters and commas “under sections 75, 77, 89, 91 or 93” were substituted for the words, letters, commas and brackets “under sections 75, 77, 89(2), 91(3), 93(1) and or withholding tax required under section 75A” by section 32(a) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
796 The words “taka one thousand” were substituted for the words “taka two thousand five hundred” by section 48 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
797 The words “taka fifty” were substituted for the words “taka two hundred and fifty” by section 48 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
798 The colon (:) was substituted for the full-stop (.) at the end and thereafter proviso was inserted by section 52 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
799 Sub-sections (2) and (3) were substituted for sub-section (2) and proviso by section 32(b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
800 Sub-section (2) was substituted by section 44 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
801 Section 124A was inserted by section 61 of the Finance Act,2010(Act No.XXXIII of 2010).
802 Section 124AA was omitted by section 45 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022)
803 The words, figures and brackets “under sub-section (1) or (2) of section 83” were substituted for the figure “83” by section 7 of  অর্থ আইন, ১৯৯১ (১৯৯১ সনের ২১ নং আইন)
804 The words and comma “or the tax paid by him under that section is less than eighty per cent of the amount payable thereunder,” were omitted by section 54 of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
805 The comma words and brackets “, the Commissioner (Appeals)” were inserted by section 8 of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
806 The words “he or it shall impose upon such person a penalty of ten percent” were substituted for the words “he or it may impose upon such person a penalty of a sum not exceeding two and a half times the amount” by section 32 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
807 The words “fifteen per cent” were substituted for the words “ten percent” by section 45 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
808 The colon (:) was substituted for the full stop (.) and thereafter the proviso was added by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
809 Proviso was substituted by section 32 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
810 The words “fifteen per cent” were substituted for the words “ten percent” by section 45 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
811 Section 129A was inserted by section 46 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
812 Clause (a) was substituted by section 54 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
813 The new section 129B  was inserted after the section 129A by section 55 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
814 The words and figure  “or Chapter XIA” were inserted after the words “under this Chapter” by section 56 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন)  (with effect from 1st July 2015).
815 The full stop (.) was substituted for the colon (:) and the proviso was omitted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
816 Section 132 was substituted by section 33 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
817  Section 133A was inserted by section 37 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
818 The words and commas “, delay interest, additional amount,” were inserted after the word “interest” by section 55 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
819 Sub-section (1A) was inserted by section 74 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
820 The words, numbers and comma “except an order passed under section 83A and section 83AA in pursuance of this Ordinance,” were omitted by section 33 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
821 Sub-sections (1B) and (1C) were inserted by section 59 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
822 The words “the Deputy Commissioner of Taxes shall” were substituted for the words “the Deputy Commissioner of Taxes may in his discretion” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
823 Sub-section (2) was substituted by section 34 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
824 Section 142A was inserted by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
825 The words and commas “in whose territorial jurisdiction the office of the Deputy Commissioner of Taxes is situate, or the assessee resides, or owns property or carries on business or profession,” were omitted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
826 The words, brackets and figures “in sub-section (1A) or (2)”  were substituted for the words, brackets and figure “in sub-section (2)” by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
827 Sub-section (1A) was inserted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
828 Clause (a) was substituted by section 34 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
829 The semi-colon (;) was substituted for the full-stop (.) at the end of clause (b) by section 46 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
830 The clause (c) was added by section 46 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
831 The words and commas “refund the amount, unless set off against tax or treated as payment of tax as per provisions of section 152,” were substituted for the words and commas “except as otherwise provided in this Ordinance, refund the amount” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
832 The words and comma “the assessee, within thirty days from the date on which the refund has become due” were substituted for the words “the assessee” by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
833 The words “within sixty days” were substituted for the words “within thirty days” by section 4 of  অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
834 The words and figures “under sections 146 and 147” were substituted for the words and commas “under this Chapter” by section 5 of  অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ১৫ নং আইন)
835 The words “relevant assessment order or” were omitted by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
836 The words “claim for refund or refund becoming due consequent upon any order passed in appeal or other proceeding under this Ordinance” were substituted for the words “claim for refund” by section 4 of  অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
837 The words “seven and a half per cent” were substituted for the words “ten per cent” by section 6 of  অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
838 The words and commas “or treated, at the option in writing of that person, as payment of tax payable under section 64 or section 74 thereof” were inserted by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
839  "CHAPTER XVIIIB" was added by section 49 of the Finance Act, 2011 (Act No. XII of 2011) .
840 Section 152II was inserted by section 47 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
841 The semi-colon (;) was substituted for the full-stop (.) at the end of clause (b) by section 46 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
842 The proviso was inserted by section 47 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
843 The comma and word “, tribunal” were  inserted after the words “concerned income tax authority ” by section 58 of  অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
844 Sub-section (5A) was inserted by section 38 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
845 Section 152J was substituted by section 56 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
846 The word and comma “fees,” was inserted after the words “Facilitator and determine his” by section 48 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
847 The words “five working days” were substituted for the words “fifteen days” by section 49 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
848 The words “three months” were substituted for the words “two months” by section 29 of অর্থ আইন, ২০২১ (২০২১ সনের ১১ নং আইন)
849 Explanation was inserted by section 39 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
850 Section 153 was substituted by section 35 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
851 The words “two hundred taka” were substituted for the words “one hundred taka” by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
852 Sub-section (1A) was inserted by section 58 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
853 The words “the cases in which the appeal” were substituted for the words “that any appeal of any assessee or any class of assessee” by section 41 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
854 The words “forty five days” were substituted for the words “sixty days” by section 25 of  অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)
855 The words commas and brackets “or the Commission (Appeals), as the case may be,”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
856 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
857 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
858 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
859 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
860 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
861 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
862 The words and brackets “or the Commission (Appeals)”  were inserted by section of অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
863 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
864 The proviso was added by section 6 of the Finance Act, 1994 (Act No. XI  of 1994)
865 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
866 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
867 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
868 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
869 The words “within thirty days of the passing of such order” were inserted by section 6 of  অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
870 The words “thirty days” were substituted for the words “fifteen days” by section 49 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
871 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
872 The words “one hundred and fifty days from the end of the month” were substituted for the words “ninety days from the end of the month” by section 35 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
873 The words, brackets and commas “or the Commissioner (Appeals), as the case may be,” were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
874 Clauses (b) and (c) were omitted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
875 Sub-section (2) was substituted by section 39 of  অর্থ আইন, ২০০৪ (২০০৪ সনের ১৬ নং আইন)
876 The words “ten percent” was substituted for the words “five percent” by section 50(a) of the Finance Act, 2011 (Act No. XII of 2011) .
877 The colon (:) was substituted for the full-stop (.) and the proviso was added by section 50(b) of the Finance Act, 2011 (Act No. XII of 2011) .
878 The words “and shall pass such order in this regard as he thinks fit within thirty days from date of the receipt of such application” were inserted after the words “reasonable to him” by section 47 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
879 Sub-section (2A) was inserted by section 33 of  অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
880 The words “with the prior approval of the Commissioner of Taxes” were substituted for the words “with the prior approval of the Board” by section 35 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
881 Sub-section (4) was substituted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
882 The words, figures and brackets “sub-section (1) or sub-section (2A)” were substituted for the words, figure and bracket “sub-section (1)” by section 33 of  অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
883 The words, figure and bracket “or sub-section (3)” were omitted by section 63 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
884 The words, figure and bracket “and shall, except in the case of an appeal under sub-section (2A)” were substituted for the words “and shall” by section 33 of অর্থ আইন, ২০০৩ (২০০৩ সনের ১৭ নং আইন)
885 The words, bracket, figure and comma “except in the case of an appeal under sub-section (3),” were omitted for the words “and shall” by section 63 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
886 The words “one thousand” were substituted for the words “five hundred” by section 50 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
887 Sub-section (6) was added by section 59 of  অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
888 The words “the cases in which the appeal” were substituted for the words “that any appeal of any assessee or any class of assessee” by section 42 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
889 The words “to the assessee and to the Commissioner within one hundred and twenty days from the date of such order” were substituted for the words “to the assessee and to the Commissioner” by section 5 of  অর্থ আইন, ১৯৯৭ (১৯৯৭ সনের ৪০ নং আইন)
890 The words “thirty days” were substituted for the words “fifteen days” by section 51 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
891 Sub-section (6) was inserted by section 7 of  অর্থ আইন, ১৯৯১ (১৯৯১ সালের ২১ নং আইন)
892 The words “six months” were substituted for the words “four months” by section 51 of the Finance Act,2009(Act No.IX of 2009)(with effect from 1st July 2007).
893 The comma and words “, and where a case is heard by two members and an additional member is appointed for hearing the case because of the difference of decision of the two members, the period shall be eight months from the end of the month in which the appeal was filed” were inserted after the words “appeal was filed” by section 43 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
894 The words "six months" were substituted for the words "four months" by section 51 of the Finance Ordinance, 2007 (Ord. No. 10 of 2007).
895 The proviso was added by section 6 of  অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন)
896 The colon (:) was substituted for the full stop (.) and thereafter the proviso was added by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
897 The words “within ninety days” were substituted for the words “within sixty days” by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
898 The words “two thousand taka” were substituted for the words “one hundred taka” by section 65 of  অর্থ আইন, ২০০২ (২০০২ সনের ১৪ নং আইন)
899 Colon(:) was substituted for the full-stop at the end and thereafter provisos were added by section 37 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
900 Proviso was substituted by section 51 of the Finance Act, 2011 (Act No. XII of 2011).
901 The words “fifteen per cent” were substituted for the words “twenty five per cent” by section 30(a) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
902 The words “twenty five per cent” were substituted for the words “fifty per cent” by section 30(b) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
903 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
904 The words and brackets “or the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
905 The comma, words and brackets “, the Commissioner (Appeals)”  were inserted by section 8 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
906 The colon (:) was substituted for the full stop (.) and thereafter the proviso was added by section 5 of  অর্থ আইন, ১৯৯০ (১৯৯০ সনের ৪৫ নং আইন)
907 The provisos were omitted by section 6 of  Aঅর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
908 Clause (m) was substituted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
909 The commas, words, figures and brackets “, মূল্য সংযোজন কর আইন, ১৯৯১ (১৯৯১ সনের ২২ নং আইন) or মূল্য সংযোজন কর ও সম্পূরক শুল্ক আইন, ২০১২ (২০১২ সনের ৪৭ নং আইন)” were substituted for the words, comma, figures and brackets “or মূল্য সংযোজন কর আইন, ১৯৯১ (১৯৯১ সনের ২২ নং আইন)” by section 44 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
910 The word “or” was omitted by section 6 of  অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
911 Clause (pp) was inserted by section 60 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
912 The semi-colon and the word “; or” were substituted for the full-stop (.) and thereafter sub-clause (r) was added by section 6 of অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
913 The word “or” was omitted by section 36(a) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
914 Clause (r) was substituted by section 36(b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
915 The semi-colon “;” was substituted for the full-stop “.”  and thereafter clause (s) was added by section 47 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
916 Semi-colon and word “; or” were substituted for the full-stop (.) and clause (t) was added by section 36 (c) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
917 The words “or collect” were inserted by section of  অর্থ আইন, ১৯৮৯ (১৯৮৯ সনের ৩৬ নং আইন)
918 Clause (cc) was inserted by section 52 (a) of the Finance Act, 2011 (Act No. XII of 2011) .
919 The word “or” was omitted and thereafter the clauses (ee) and (eee) were inserted by section 31 of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
920 The words and comma “verification, etc.” were substituted for the word “verification” by section 7 of অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
921 The words “but shall not be less than three months” were inserted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
922 The words “and which he either knows or believes to be false or does not believe to be true” were omitted by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
923 The semi-colon (;) was substituted for the full stop and thereafter clause (c) was inserted  by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
924 The words “proviso of” were substituted for the words “first or second proviso to” by section 45 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
925 The semi-colon (;) was substituted for the full stop (.) and thereafter clause (d) was added  by section 6 of  অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
926 Section 165A was inserted by section 62 of the Finance Act,2010(Act No.XXXIII of 2010).
927 The new section 165AA was inserted after the section 165A by section 60 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
928 Section 165B was added after section 165A by section 53 of the Finance Act, 2011 (Act No. XII of 2011) .
929 The new section 165C was inserted after the section 165B by section 61 of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
930 The words “appropriate authority of the Government” were substituted for the words and comma  “Board of Investment or any competent authority of the Government, as the case may be” by section 46 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
931 The words “but shall not be less than three months” were inserted by section 6 of অর্থ আইন, ১৯৯৯ (১৯৯৯ সনের ১৬ নং আইন)
932 Section 166A was inserted by section 37 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
933 Section 169A was inserted by section 38 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
934 The words “The Board may” were substituted for the words “The Commissioner may” by section 36 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
935 Section 173A was inserted by section 8 of অর্থ আইন, ১৯৮৭ (১৯৮৭ সনের ২৭ নং আইন)
936 Sub-sections (1) and (1A) were substituted for the sub-section (1) by section 45 (a) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
937 Sub-section (4) was omitted by section 45(b) of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
938 The number “121A” was substituted for the number  “121”  by section 48 of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
939 Clause (c) was omitted by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
940 The colon (:) was substituted for the full-stop (.) and thereafter the proviso was added by section 27 of  অর্থ আইন, ২০০৬ (২০০৬ সনের ২২ নং আইন)
941 The word “Board” was substituted for the word “Commissioner” by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
942 The colon (:) was substituted for the semi-colon (;) and thereafter the proviso was inserted by section 8 of  অর্থ আইন, ১৯৮৮ (১৯৮৮ সনের ৩৩ নং আইন)
943 Second and third provisos were omitted by section 8 of  অর্থ আইন, ১৯৯২ (১৯৯২ সনের ২১ নং আইন)
944 The provisos were inserted by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
945 Sub-section (1) was substituted by section 52 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
946 The words “by registered post or by sending from the official electronic mail of the sender to the specified electronic mail address of the person” were substituted for the words “either by registered post”  by section 39(a) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
947 Sub-section (4) was inserted by section 39(b) of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
948 The Explanation was added by section 7 of  অর্থ আইন, ১৯৯৩ (১৯৯৩ সনের ১৮ নং আইন)
949 Sections 178A and 178B were inserted by section 46 of অর্থ আইন, ২০১৭ (২০১৭ সনের ১৪ নং আইন) (With effect from 1st July 2017).
950 Section 184A was substituted by section 48 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
951 The words, word summarize and brackets  “Twelve-digit” were inserted before the words “Taxpayer’s Identification Number (TIN)” by section 50(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
952 Section 184AA was inserted by section 78 of  অর্থ আইন, ২০০০ (২০০০ সনের ১৫ নং আইন)
953 The words “twelve-digit Taxpayer’s Identification Number” were substituted for the words “tax-payer’s identification number” by section 50(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
954 Section 184B was substituted by section 55 of the Finance Act, 2011 (Act No. XII of 2011) .
955 Sub-section (1) was substituted by section 51(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
956 The words “twelve-digit” were inserted after the words “thereafter issue a new” by section 51(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
957 Sub-section (3) was added by section 51(c) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
958 Section 184BB was inserted by section 67 of অর্থ আইন, ২০০১ (২০০১ সনের ৩০ নং আইন)
959 Clauses (46) and (46A) were substituted by section 16 (d) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
960 Section 184BBB was omitted by section 41 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
961 Section 184BBBB was inserted by section 54 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
962 Explanation was added by section 42 of অর্থ আইন, ২০১৮ (২০১৮ সনের ২২ নং আইন) (With effect from 1st July 2018).
963 Section 184C was substituted by section 49 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
964 Section 184CC was inserted by section 48 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
965 The words “for collection and detection of evasion of taxes” were omitted by section 53(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
966 Section 184D was substituted by section 65 of the Finance Act,2010(Act No.XXXIII of 2010).
967 The comma and word “, collection” were substituted for the words “in collection”  by section 53(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
968 Section 184E was added by section 66 of the Finance Act,2010(Act No.XXXIII of 2010).
969 Section 184F was added after the section 184E by section 56 of the Finance Act, 2011 (Act No. XII of 2011).
970 The words and commas “the imposition and the collection of tax, the exemption of any income from tax, the reduction of the rate of tax, the calling for any information for the purpose of taxation, and the protection of information under this Ordinance” were substituted for the words “tax on income and exemption of tax thereof” by section 62 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
971 Section 184G was inserted by section 49 of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
972 The comma and words “, extentand scope” were inserted after the words “ the manner” by section 50 of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
973 The colon (:) was substituted for the full stop (.) and thereafter the proviso was added by section 6 of  অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন)
974 Section 185A was inserted by section 63 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).