amendments_of_income_tax_ordinance_1984.pdf

7/28/2019 Amendments_of_Income_Tax_Ordinance_1984.pdf

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Income-tax Ordinance, 1984 (Ord. No. XXXVI of 1984) Gi mskvab

8| Income-tax Ordinance, 1984 (Ord. No. XXXVI of 1984) Gisection 16CCC Gi mskvab|- Income-tax Ordinance, 1984 (Ord. No.XXXVI of 1984),AZ:ci DOrdinanceewjqv DwjwLZ, Gi section 16CCC Gi-

(K) every company kwji cwieZ every firm having grossreceipts of more than taka fifty lakh or every company kwjcwZvwcZ nBe;

(L) representing such companys kwji cwieZ representingsuch firms or companys kwj I wPwj cwZvwcZ nBe|

9| Ordinance No. XXXVI of 1984 Gisection 16E Gi wejvc|- DOrdinance Gi section 16Ewejy nBe|

10| Ordinance No. XXXVI of 1984 G bZb section 19BBBBB I19BBBBBB Gi mwbek|- DOrdinance Gi section 19BBBB Gi ci wbic

bZbsections 19BBBBB I 19BBBBBBmwbewkZ nBe, h_v:-

19BBBBB. Special tax treatment in respect of investment in

residential building and apartment. (1) Notwithstanding anything

contained in this Ordinance, source of any sum invested by anyperson, in the construction or purchase of any residential building or

apartment, shall be deemed to have been explained if the assessee

pays, before the assessment for the relevant assessment year in whichthe investment is completed, tax at the following rate

(a) for building or apartment situated in the area of GulshanModel Town, Banani, Baridhara, Motijheel Commercial Area

and Dilkusha Commercial Area of Dhaka-(i) taka five thousand per square meter in the case of a

building or apartment the plinth area of which does not

exceed two hundred square meter;

(ii) taka seven thousand per square meter in the case of abuilding or apartment the plinth area of which exceeds two

hundred square meter;


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(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 orapartment in any City Corporation before such investment iscompleted; or the assessee makes such investment in two or more

buildings or apartments.

(3) The provision of this section shall not apply where the sourceof such investment, made by the assessee for the purchase or

construction of such residential building or apartment, is-

(a) derived from any criminal activities under any other law for

the time being in force; or(b) not derived from any legitimate source.

19BBBBBB. Special tax treatment in respect of investment in land

property.- (1) Notwithstanding anything contained in this Ordinance,

source of any sum invested by any person in the purchase of any land

shall be deemed to have been explained if the assessee pays, before theassessment for the relevant assessment year in which the investment iscompleted, tax at the rate of ten percent of the value of the said land.

(2) The rate of tax mentioned in sub section (1) shall be twenty percent higher in case where the assessee already owns any land in any

City Corporation before such investment is completed.

(3) The provision of this section shall not apply where the source

of such investment, made by the assessee for the purchase of such

land, is-

(a) derived from any criminal activities under any other law forthe time being in force; or

(b) not derived from any legitimate source. |

11| Ordinance No. XXXVI of 1984 Gi section 29 Gi mskvab|- DOrdinance Gi section 29 Gi sub-section (1) Gi clause (viii) Gi ci wbic

bZbclause (viiia)mwbewkZ nBe, h_v :-(viiia) in respect of amortization of license fees as admissible

under the Third Schedule;|

12| Ordinance No. XXXVI of 1984 Gi section 44 Gi mskvab|- DOrdinance Gi section 44 Gi-


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(K) sub-section (2) Gi clause (b) Gi ten per cent" kwji cwieZ

fifteen per cent kwj cwZvwcZ nBe;(L) sub-section (3) Gi clause (a) Gi-(A) ten million kwji cwieZone crore and fifty lakh

kwj cwZvwcZ nBe; Ges(Av) proviso Gi twenty per cent"kwji cwieZthirty per

cent kwj cwZvwcZ nBe|

13| Ordinance No. XXXVI of 1984 Gisection 46B Gi mskvab|- DOrdinance Gi section 46B Gi-

(K) Dcv@UxKvi June, 2013 kwj, msLvwj I Kgvi cwieZ June,2015kwj, msLvwj I Kgv cwZvwcZ nBe;

(L) sub-section (1) Gi-(A) the thirtieth day of June, 2013 kwj, msLvwj I Kgvi

cwieZthe thirtieth day of June, 2015kwj, msLvwj IKgv cwZvwcZ nBe;

(Av) clauses (i) I (ii) Gi cwieZ wbic clauses (i) I (ii)cwZvwcZ nBe, h_v:-

(i) Dhaka and Chittagong divisions, excludingDhaka, Narayanganj, Gazipur, Chittagong,

Rangamati, Bandarban and Khagracharidistricts, for a period of five years beginningwith the month of commencement of

commercial production of the said

undertaking:

Period of Exemption Rate of

Exemption

For the first andsecond year

100% of income

For the third year 60% of income

For the fourth year 40% of incomeFor the fifth year 20% of income ;


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(ii) Rajshahi, Khulna, Sylhet and Barisal

divisions and Rangamati, Bandarban andKhagrachari districts, for a period of seven

years beginning with the month of

commencement of commercial productionof the said undertaking:

Provided that an industry engaged in the production of item as

referred to in clause (e) or clause (l) of sub-section (2) shall be entitled for

exemption from tax under the provisions of this section even if it is set up

in the districts of Dhaka, Gazipur, Narayanganj or Chittagong. |

14| Ordinance No. XXXVI of 1984 Gisection 46C Gi mskvab|- D

Ordinance Gi section 46C Gi-

(K) Dcv@UxKvi June, 2013 kwj, msLvwj I Kgvi cwieZ June,2015kwj, msLvwj I Kgv cwZvwcZ nBe;

(L) sub-section (1) Gi cwieZ wbic sub-section (1) cwZvwcZ nBe,h_v t-

(1) Subject to the provisions of this Ordinance, income, profitsand 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,

2015 (both days inclusive) shall be exempted from the tax payable

under this Ordinance for ten years beginning with the month ofcommencement of commercial operation, and at the rate, specified

below:

Period of

Exemption

Rate of

Exemption

For the first andsecond year

100% of income

For the third year 70% of income

For the fourth year 55% of income

For the fifth year 40% of incomeFor the sixth year 25% of income

For the seventh year 10% of income:


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15| Ordinance No. XXXVI of 1984 Gi section 49 Gi mskvab|- DOrdinance Gi section 49 Gi sub-section (1) Gi-

(K) clause (zu)wejy nBe;(L) clause (zy) Gi cv@:wZ dzjc (.) Gi cwieZmwgKvjb (;) cwZvwcZ

nBe Ges AZtci wbic bZbclause (zz)mshvwRZ nBe, h_v:-(zz) collection of tax from manufacturer of soft drink.|

16| Ordinance No. XXXVI of 1984 Gi section 50 Gi mskvab|- DOrdinance Gi section 50 Gi sub-section (2) Gi ci wbic bZbsub-section(2A)mwbewkZ nBe, h_v t-

(2A) The payment under sub-section (1) shall be made by suchperson with or without deduction of tax in accordance with acertificate, 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 taxpayable on the total income of the payee has already been

deducted or collected from such payee under this Ordinance forthe 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 taxalready deducted or collected from such payee under this

Period of Exemption Rate of Exemption

For the first and second year 100% of incomeFor 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. |


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Ordinance, be liable to pay a lesser sum of tax than the tax

chargeable on his total income. |

17| Ordinance No. XXXVI of 1984 Gisection 52A Gi mskvab|- DOrdinance Gi section 52A Gi sub-section (3) Gi at the rate of ten per centof such fees kwji cwieZat the rate of-

(a) ten per cent of such fees where the person receiving such fees

furnishes his Taxpayer's Identification Number (TIN) to the

payer; or

(b) fifteen per cent of such fees where the person receiving suchfees fails to furnish his Taxpayer's Identification Number (TIN)

to the payer

kwj, mwgKvjb, eY wj I ebxwj cwZvwcZ nBe|

18| Ordinance No. XXXVI of 1984 Gisection 52AA Gi mskvab|- DOrdinance Gi section 52AA Gi cv@:wZ dzjc (.) Gi cwieZ Kvjb (:)cwZvwcZ nBe Ges AZ:ci wbic provisomshvwRZ nBe, h_v:-

Provided that where the Board, on an application made in thisbehalf, gives a certificate in writing that the person rendering such

services is not likely to have any assessable income during theyear or the income 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. |

19| Ordinance No. XXXVI of 1984 Gisection 52B Gi mskvab|- DOrdinance Gi section 52B Gi six per cent kwji cwieZ ten per cent

kwj cwZvwcZ nBe|

20| Ordinance No. XXXVI of 1984 G bZb section 52S Gi mwbek|-DOrdinance Gi section 52R Gi ci wbic bZbsection 52SmwbewkZ nBe,h_v:-

52S. Collection of tax from manufacturer of soft drink.- The

Security Printing Corporation (Bangladesh) Limited, or any otherperson responsible for delivery of banderols or stamps, shall

collect, at the time of delivery of such banderols or stamps to any

manufacturer of soft drinks, tax at the rate of three per cent of the


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value of such soft drinks as determined for the purpose of the

Value Added Tax (VAT). |

21| Ordinance No. XXXVI of 1984 Gisection 53BBB Gi mskvab|-DOrdinance Gi section 53BBB Gi , bondsKgv I k wejy nBe|

22| Ordinance No. XXXVI of 1984 Gisection 53E Gi mskvab|- DOrdinance Gi section 53E Gi we`gvb weavb sub-section (1) wnme msLvwqZ

nBe Ges Dic msLvwqZsub-section (1) Gi ci wbic sub-section (2)mshvwRZnBe, h_v:-

(2) Any company, as defined in clause (20) of section 2 of this

Ordinance other than oil marketing company, which sells goods toany distributor or to any other persons under a written contract at a

price lower than the retail price fixed by such company, shall

collect at the time of sale of such goods to such distributor or otherpersons at the rate of ten per cent of the difference between the sale

price to the distributor or other persons and the retail price fixed by

such company. |

23| Ordinance No. XXXVI of 1984 Gisection 53FF Gi mskvab|- DOrdinance Gi section 53FF Gi-

(K) clause (a) Gi-(A) sub-clause (i) Gi two thousand kwji cwieZ one

thousand and six hundred kwj cwZvwcZ nBe;(Av)sub-clause (ii) Gi one thousand and eight hundred

kwji cwieZ one thousand and five hundred kwjcwZvwcZ nBe ;

(B) sub-clause (iii) Gi eight hundred kwji cwieZ sixhundred kwj cwZvwcZ nBe;

(L) clause (aa) Gi-(A) sub-clause (i) Gi eight thousand kwji cwieZ six

thousand and five hundred kwj cwZvwcZ nBe ;(Av) sub-clause (ii) Gi six thousand kwji cwieZ five

thousand kwj cwZvwcZ nBe ;


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(B) sub-clause (iii) Gi two thousand kwji cwieZ one

thousand and six hundred kwj cwZvwcZ nBe |

24| Ordinance No. XXXVI of 1984 Gi section 53L Gi wejvc|- DOrdinance Gi section 53Lwejy nBe|

25| Ordinance No. XXXVI of 1984 Gi section 75 Gi mskvab|- DOrdinance Gi section 75 Gi sub-section (2) Gi clause (d) Gi sub-clause (i)Gi cv@:wZ mwgKvjb(;) Gi cwieZ Kvjb(:) cwZvwcZ nBe Ges AZ:ci wbicprovisomwbewkZ nBe, h_v:-

Provided that an individual, not being a shareholder director of acompany, having income from salary or income not exceeding

three lakh taka from business or profession may opt not to submit

such statement;|

26| Ordinance No. XXXVI of 1984 Gisection 82C Gi mskvab|- DOrdinance Gi section 82C Gi sub-section (2) Gi clause (r)wejy nBe|

27| Ordinance No. XXXVI of 1984 G bZbsection 116 Gi mskvab|-D Ordinance Gi section 116 Gi sub-section (1) Gi require any suchperson to produce, or cause to be produced, any accounts or documents

which they may consider necessary kwj I Kgvwji cwieZrequire any

such person or any other person in relation to such enquiry to appearbefore 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 theExplanation of sub-section (2) of section 117 under the possession or

control of such person or such other person kwj, msLvwj, ebx I KgvwjcwZvwcZ nBe|

28| Ordinance No. XXXVI of 1984 G bZbsection 116A Gi mwbek|-DOrdinance Gi section 116 Gi ci wbic bZbsection 116AmwbewkZ nBe,h_v:-

116A. Power of giving order for not removing property.- (1)Where, in the course of performing functions under this Ordinance,the Director General, Central Intelligence Cell or the


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Commissioner or the Deputy Commissioner of Taxes has definite

information in his hands that any person has concealed theparticulars 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:

Provided that no such order shall be made by the Deputy

Commissioner of Taxes without the previous approval of theCommissioner.

(2) Every such order shall cease to have effect after the

expiry of a period of one year from the date of the order madeunder 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 caseexceed one year.

(4) In computing the period referred to sub-section (2) andsub-section (3), the period, if any, for which the order under sub-

section (1) has been stayed by any court, shall be excluded. |

29| Ordinance No. XXXVI of 1984 Gisection 124 Gi mskvab|- DOrdinance Gi section 124 Gi sub-section (2) Gi proviso Gi DeputyDirector General kwji cwieZ Director General kwj cwZ vwcZ nBe|

30| Ordinance No. XXXVI of 1984 Gisection 160 Gi mskvab|- DOrdinance Gi section 160 Gi sub-section (1) Gi-

(K) cluase (a) Gi twenty five per cent kwji cwieZfifteen per

cent kwj cwZ vwcZ nBe; Ges(L) cluase (b) Gi fifty per cent kwji cwieZtwenty five per

cent kwj cwZvwcZ nBe|


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31| Ordinance No. XXXVI of 1984 Gisection 164 Gi mskvab|- D

Ordinance Gi section 164 Gi clause (e) Gi cv@:wZ or kwU wejy nBe GesAZ:ci wbic clauses (ee) I (eee)mwbewkZ nBe, h_v:-(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 |

32| Ordinance No. XXXVI of 1984 Gisection 184A Gi mskvab|- DOrdinance Gi section 184A Gi either a certificate from the concernedDeputy Commissioner of Taxes or from any other person authorised by

the Board in this behalf, containing the tax payers identification number

or an acknowledgement receipt of the return of income submitted for theimmediate preceding assessment year shall be required to be submitted

kwj, Kgvwj I wPi cwieZ a person shall be required to submit anacknowledgement receipt of the return of income filed for the immediate

preceding assessment year or a certificate from the concerned Deputy

Commissioner of Taxes or a computer generated certificate communicated

by a computer system as may be authorised by the Board in this behalf or,in case of an old assessee, a certificate by the Deputy Commissioner of

Taxes containing Taxpayers Identification Number and assessment

completion informationkwj, Kgvwj I wP cwZvwcZ nBe|

33| Ordinance No. XXXVI of 1984 Gi THIRD SCHEDULE Gimskvab|-DOrdinance Gi THIRD SCHEDULE Gi-

(K) wkivbvg COMPUTATION OF DEPRECIATIONALLOWANCE Gi cwieZ COMPUTATION OFDEPRECIATION ALLOWANCE AND AMORTIZATIONcwZvwcZ nBe; Ges

(L) paragraph 10 Gi ci wbic bZb paragraph 10A mwbewkZ nBe,h_v:-

10A. Amortization of license fees.- (1) Where an assessee,

being a resident company, paid any sum as license fees on orafter the first day of July, 2012 wholly and exclusively for the

purpose of obtaining a permission from any authorityauthorised by the government applicable for two or more years


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to run a business, the assessee shall be allowed a deduction of

an amount proportionate to such years and such deduction shallcontinue till the last year of the period for which the license

was granted.

(2) For the purpose of this paragraph, license fees meansSpectrum Assignment fees paid by a cellular mobile phone

operator.|

34| Ordinance No. XXXVI of 1984 Gi SIXTH SCHEDULE Gimskvab|-DOrdinance Gi SIXTH SCHEDULE Gi-

(K) PART A Gi-(A) paragraph 11A Gi five thousand kwji cwieZ ten

thousand kwj cwZvwcZ nBe;(Av) paragraph 35 Gi 2013 msLvwji cwieZ2015 msLvwj

cwZvwcZ nBe;(B) paragraph 39 Gi twenty four lakh kwji cwieZ

thirty lakh kwj cwZvwcZ nBe;(C) paragraph 42 Gi 2013 msLvwji cwieZ2015 msLvwj

cwZvwcZ nBe;(L) PART B Gi paragraph 10 Gi clause (1) Gi sub-clause (b) Gi

certificates issued by kwji ci any financial institutionor kwj mwbewkZ nBe|

35| AvqKi|- (1) Dc-aviv (3) Gi weavbvejx mvc, 2013 mvji 1 RyjvB ZvwiLAvi Ki ermii Rb Kvb Ki wbaviYi GB AvBbi Zdwmj-2G wbw` Ki nviAbyhvqx AvqKi avhnBe|

(2) h mKj Income-tax Ordinance, 1984 (Ord. No. XXXVI of1984) Gi SECOND SCHEDULE (jUvix Avq msv@) chvR nBe m mKj

AvivcYhvM Ki DSCHEDULEAbymviB avhKiv nBe, wK Kii nvi wbaviYi Dc-aviv (1) Gi weavb cqvM KwiZ nBe|

(3) Income-tax Ordinance, 1984 (Ord. No. XXXVI of 1984) Gi

Chapter VII Abymvi Ki KZbi wbwgZdwmj-2 G (AvqKi nvi msv@) ewYZ nvi2013 mvji 1 RyjvB ZvwiL Avi Ges 2014 mvji 30 Ryb ZvwiL mgvc ermii RbchvR nBe|


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(4) GB avivq Ges GB avivi Aaxb AvivwcZ AvqKi nvii Dk eeZ gvU

Avq (total income) ewjZ Income-tax Ordinance, 1984 (Ord. No. XXXVIof 1984) Gi weavb Abymvi wbiwcZ gvU Avq (total income) eySvBe|

36| mviPvR|- Income-tax Ordinance, 1984 (Ord. No. XXXVI of 1984)Gi AvIZvq 2013 mvji 1 RyjvB nBZ Avi Ki ermii Rb Kvb Ki wbaviYi

Zdwmj-2Gi wZxq Ask wbw` nvi Abyhvqx mviPvRavh nBe|

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