Part V: Computation Of Income
Chapter I: Total Income
Section 55 (Deduction not admissible in certain cases.)
clause 1: for a turnover up to Taka 5 (five) crore, at the rate of 2% (two percent);
clause 2: for a turnover in excess of Taka 5 (five) crore but up to 10 (ten) crore, at the rate of 1% (one percent);
clause 3: for a turnover in excess of Taka 10 (ten) crore, at the rate of 0.5% (zero-point five percent); (ii) in case of a food, cosmetics and toiletries industry
clause 1: for a turnover up to Taka 5 (five) crore, at the rate of 1% (one percent);
clause 2: for a turnover in excess of Taka 5 (five) crore but upto 10 (ten) crore at the rate of 0.5% (zero-point five percent);
clause 3: for a turnover in excess of Taka 10 (ten) crore, at the rate of 0.25% (zero-point two five percent); (iii) in case of any other industries
clause 1: for a turnover up to Taka 5 (five) crore, at the rate of 0.5% (zero-point five percent);
clause 2: for a turnover in excess of Taka 5 (five) crore but up to 10 (ten) crore, at the rate of 0.25% (zero-point two five percent);
clause 3: for a turnover in excess of Taka 10 (ten) crore, at the rate of 0.1% (zero-point one percent); (j) any promotional expense, other than advertising, exceeding 0.5% (zero-point five percent) of the business turnover; (k) any payment made under the head income from employment by any means other than bank transfer; (l) any payment made under the head income from rent by any means other than bank transfer; (m) any sum exceeding Taka 5 (five) lakh, on account of purchase of raw materials, if paid by any means other than bank transfer; (n) any sum exceeding Taka 50 (fifty) thousand, except clauses (k), (I) and (m), if paid by any means other than bank transfer; (o) any sum paid to any such person liable to furnish proof of submission of return under clauses 25, 26, 28, 29, 36, 37, 42 and 43 of sub-section
clause 3: of section 264, if at the time of payment such person fails to furnish proof of submission of return; (p) any expenditure of a capital nature or any personal expenditure of the assessee; (q) 1[any deduction or any deduction created against any liability] which is not clearly identified; 1 The words any deduction or any deduction created against any liability were substituted for the words any liability by section 25(a) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.(r) all such expenses not related to business activities; (s) any depreciation allowance or interest expense claimed on Right of Use assets recognized as per International Financial Reporting Standard: Provided that in this case the rent, development and maintenance expenses payable for the 1[assets] used for business purposes shall be allowed; (t) impairment loss; 2[(u) any contribution to any fund for which there is provision of approval under this Act but no such approval is obtained]; (v) all expenses not supported by evidence if the accounts are not maintained in the prescribed manner. Explanation. For the purposes of this section, (i) net business profit means the direct business profits of an entity, but does not include profits derived from any subsidiary, associate or joint venture; (ii) promotional expense means any business expense claimed against any benefit in kind or cash or in any other form given to any person for the purpose of business but does not include any advertisement expense.