Escolar Documentos
Profissional Documentos
Cultura Documentos
➢ As per provision of Section 48 of the ITO 1984, tax shall be deducted at source from
sources of income mentioned in section 49.
➢ According to section 49 “Tax payable under this Ordinance shall be deducted or
collected at source in respect of the following income, namely: - (Rate of deduction is
attached in Schedule-1)
1. in case of deduction or collection within two weeks from the end of the
made in any month from July to month in which the deduction or
May of a year collection was made
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2. in case of deduction or collection within seven days from the date in
made in any day from the first to which the deduction or collection was
the twentieth day of June of a made
year
(i) The amount of tax that has not been deducted or collected;
(iii) The amount that, after being collected and deducted, has not been paid to
the credit of the Government.
➢ In accordance with sub-section 3 of section 58 of the Income Tax Ordinance, 1984 every
person who has deducted or collected any tax shall furnish a statement to such income
tax authority and in such manner as may be prescribed in corresponding rule 18 and 21
of the Income Tax Rules, 1984.
➢ As per sub-rule 7 of rule 18 of the Income Tax Rules, 1984 a monthly statement, in the
proforma as prescribed therein, of the tax deducted and collected by the entity (except
from salary), has to be submitted to the concerned Deputy Commissioner of Taxes of the
entity by 20th day of the following month.
➢ As per sub-rule 1 of rule 21 of the Income Tax Rules, 1984 where a deduction is made
under section 50 from the salaries of employees, a monthly statement, in the proforma
given therein, has to be submitted to the Deputy Commissioner of Taxes under whose
jurisdiction the employee is assessed by the 20thday of the following month.
➢ As per provision of section 66 of the Income Tax Ordinance, 1984 advance tax is payable
in four equal installments on the 15th day of September, December, March and June of
the financial year and an amount computed in the manner as stated in section 65 of the
Ordinance.
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➢ If any assessee estimates that the tax payable by him is likely to be less than the
amount of tax as computed under section 65, he may, after giving the DCT an estimate
of the tax payable, pay such estimated amount of advance tax.
➢ If as per the estimation, no advance tax is payable for the said quarter, the assesse need
to inform concerned income tax authority accordingly with proper information.
Noted that applying this provision may cause to rise a risk of imposition of interest
under section 73 if the tax so paid (advance tax) falls short from 75% of assessed tax, at
the rate of 10% on such shortfall.
➢ Failure to comply with sections relating to advance tax may involve penalty under
section 125 as well depending on will of the concerned Deputy Commissioner of Taxes
which is sum not exceeding the amount by which the tax actually paid by him falls short
of the amount that should have been paid.
➢ As per sub-section 2 of section 75A of the Income Tax Ordinance, 1984, 1st half-yearly
return of withholding tax for the period from 01 July to 31 December is required to be
submitted within 31 January of next following and 2nd half yearly return of withholding
tax for the period from 01 January to 30 June is required to be submitted within 31 July
next following.
➢ Failure to submit the withholding income tax returns may involve penalty under section
124 of the Income Tax Ordinance 1984 which is amounting to 10% of tax imposed on
last assessed income or five thousand taka, whichever is higher.
➢ As per section 30 of ITO 1984, any payment made by way of salary to an employee for
whom the statement under section 108A was not provided shall be disallowed
➢ Failure to comply may attract penalty under section 124 of the Income Tax Ordinance,
1984 which is amounting to 10% of tax imposed on last assessed income or five
thousand taka, whichever is higher.
➢ As per section 30 of ITO, 1984, any payment made by way of salary to an employee for
whom the statement under section 108A was not provided shall be disallowed.
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➢ Failure to comply may attract penalty under section 124 of the Income Tax Ordinance,
1984 which is amounting to 10% of tax imposed on last assessed income or five
thousand taka, whichever is higher.
➢ Failure to comply may attract penalty under section 124 of the Income Tax Ordinance,
1984 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.
➢ As per provision of Section 107EE of the Income Tax Ordinance, 1984, 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. This return shall be submitted along with the income tax return.
➢ 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.
➢ As per provision of Section 107F of the Income Tax Ordinance, 1984, every person who
has entered into international transactions accumulated value of which exceeds three
crore, and if the DCT requires to filing report, it is mandatory to file report from a
Chartered Accountant or a Cost Management Accountant.
➢ Where any person fails to furnish a report 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.
➢ "As per provision of Section 75 of Income Tax Ordinance, 1984, person mentioned in
there are required to file Income Tax Return for every income year within the Tax Day.
➢ Vide section 75(5) of the Income Tax Ordinance, 1984 every income tax return has to be
submitted on or before Tax Day as specified in sub-section 62A of section 2. In the case
of a company, the fifteenth day of the seventh month following the end of the income
year or 15th September following the end of the income year where the said fifteenth
day falls before 15th September. However, the DCT may allow an extension of four
months (two months by himself and another two-month period with the approval of
Inspecting Joint Commissioner) vide section 75(6) of the ITO-1984."
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Schedule-1
Payment of remuneration to Average of the rates applicable to the Average of the rates applicable to
Any person responsible for making
2(b) Member of Parliament (section- estimated total remuneration of the the estimated total remuneration of
such payment.
50B) payee for that income year. the payee for that income year.
Manufacturer of non mechanical Any person responsible for selling “manufacture of cigarettes” means
8 Cigarettes (bidi)(section-52B- banderols to any manufacturer of 10% of the value of banderols 10% of the value of banderols manufacture of cigarettes manually without
82C cigarettes. any mechanical aid whatsoever."
a. tk. 45,000 for 1 section of brick a. tk. 45,000 for 1 section of brick
field b. tk. 70,000 for 1.5 section of field b. tk. 70,000 for 1.5 section of
"Section meaning as defined in
Collection of tax from Brick Any person responsible at the of brick field brick field
12 Seasonal Brick Field VAT Rules
manufacturers (section-52F) permission or renewal c. tk. 90,000 for 2 section of brick c. tk. 90,000 for 2 section of brick
2004."
field d. tk. 150,000 for automatic field d. tk. 150,000 for automatic
machine of brick field machine of brick field
Services from convention hall, Corporation, body, authority, company, No deduction shall be made by a company
19 conference centre etc. (section- NGO, university, medical college, 5% 5% when such amount is paid directly to the
52P) dental college, engineering college. government.
Export of manpower
The Director General, Employment &
29 (section-53B, rule- 10% 10%
Training.
17C) 82C
Income from lottery (Section 55) Any person responsible for making
53 20% 20%
82C such payment
Specified person as mentioned in
Income of non-residents (Section section 52 or any other person
54 Annexure-D Annexure-D
56) responsible for making payment to a
non-resident
i.Catering service;
ii.Cleaning Service;
iii. Collection and recovery service;
iv. Private security service;
v. Manpower supply service;
vi. Creative media service;
3 vii. Public relations service;
viii. Event management service;
ix. Training, workshop, etc organization and
management service;
x. Any other service of similar nature-
10% 12%
(a) on commission or fee
(b) on gross bill amount 1.5% 2%
5 Indenting commission 6% 8%
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10 Private container port or dockyard service 6% 8%
Provided that 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-
(i) 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% for Sl. 3 and 3.5% for Sl. 4, and
D = rate of tax applicable on commission or fee:
Provided further 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:
Provided further that 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.”] Subs.by F. A. 2017
(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;
(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 professional knowledge.
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Annexure-B
Collection of tax from persons engaged in real estate or land development business [Section
53FF]
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 transferor who is engaged in real estate or
land development business,-
(a) in case of building or apartment [, constructed for residential purposes,] Added F.A. 2011 situated-
(i) at Gulshan Model Town, Banani, Baridhara, Motijeel Commercial Area and Dilkusha
Commercial Area of Dhaka, taka [one thousand and six hundred] Subs.by F. A.2013 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 [one thousand and five
hundred]Subs.by F. A.2013 per square metre;
[(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;
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.] Subs.by F. A.
2016
[(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 [six thousand and five
hundred]Subs.by F. A.2013 per square metre;
(ii) in areas mentioned under sub-clause (ii) of clause (a), taka [five thousand ]Subs.by F.
(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.] Subs.by F. A. 2016
(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-
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(i) five percent for Dhaka, Gazipur, Narayanganj, Munshiganj, Manikganj, Narsingdi and
Chittagong districts;
(ii) three percent for any other district.]Subes F. A. 2012
Provided that in case of transfer of any non-agricultural land valued at a sum exceeding one
lakh taka situated outside the jurisdiction of any City Corporation, Paurashava or Cantonment
Board, income-tax shall be paid at the rate of five percent upto August 31 2009 and one percent
from September 1 2009 on the deed value of the property to which the document relates.
Annexure-C
For the purposes of collection of the income tax under section 53H of the Ordinance, any
registering officer responsible for registering any document of a person, under the clause
(b), (c) or (e) of sub-section (1) of section 17 of the Registration Act, 1908 (XVI of 1908), shall
collect from the person whose right, title or interest is sought to be transferred, assigned,
limited or extinguished thereby, and tax shall be collected at the following rate:
(a) Rate of tax for land or land & building located in the following commercial areas:
SL Name of the commercial area or areas Rate of tax per katha (1.65
No. decimal)
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4. Narayanganj, BangaBandhu Avenue, Badda, 4% of the deed value or taka
Sayedabad, Postogola and Gandaria of 3,60,000/- whichever is higher
Dhaka
5. Uttara SonargaonJanapath, Shahbag, 4% of the deed value or taka
Panthapath, Banglamotor, Kakrail of Dhaka 6,00,000/- whichever is higher
6. Nababpur and Fulbaria of Dhaka 4% of the deed value or taka
3,00,000/- whichever is higher:
Provided that where any structure, building, flat, apartment or floor space is situated on the
land, an additional tax shall be paid at the rate of taka 600/- (six hundred) per square meter or
(4%) four per cent of the deed value of such structure, building, flat, apartment or floor space,
whichever is higher.
(b) Rate of tax for land or land & building located in the following areas:
SL No. Name of the area or areas Rate of tax per katha
(1.65 decimal)
1. Uttara (Sector 1-9), Khilgaon rehabilitation area (beside 100 4% of the deed value or
feet road), Azimpur, Rajarbagh rehabilitation area (beside taka 90,000/- whichever
bishwa road), Baridhara DOHS, Bashundhara (Block: A–G), is higher
Niketon of Dhaka, Agrabad, Halishohar, Panchlaish, Nasirabad,
Mehedibag of Chittagong
2. Gulshan, Banani and Baridhara of Dhaka 4% of the deed value or
taka 3,00,000/-
whichever is higher
3. Dhanmondi of Dhaka 4% of the deed value or
taka 2,40,000/-
whichever is higher
4. Kakrail, Segunbagicha, Bijoynagar, Eskaton, Green Road, 4% of the deed value or
Elephant Road, Fakirapool, Arambagh, Maghbazar (within one taka 1,80,000/- ever is
hundred feet of main road), Tejgaon Industrial Area, Sher-e- higher
Banglanagar Administrative Area, Agargaon Administrative
Area, Lalmatia, Mohakhali DOHS, Cantonment of Dhaka and
Khulshi of Chittagong
5. Kakrail, Segunbagicha, Bijoynagar, Eskaton, Green Road, 4% of the deed value or
Elephant Road area (outside one hundred feet of main road) of taka 1,20,000/-
Dhaka whichever is higher
6. Green Road (from Road 3 to 8 of Dhanmondi Residential Area 4% of the deed value or
of Dhaka) taka 2,40,000/-
whichever is higher
7. Uttara (Sector 10 to 14), Nikunj (south), Nikunj (North), Badda 4% of the deed value or
Rehabilitation Area, Ganderia Rehabilitation Area, Syampur taka 60,000/- whichever
Rehabilitation Area, IG Bagan Rehabilitation Area, Tongi is higher
Industrial Area of Dhaka
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8. Syampur Industrial Area, Postagola Industrial Area and Jurain 4% of the deed value or
Industrial Area of Dhaka taka 48,000/- whichever
is higher
9. Khilgaon Rehabilitation Area (beside less than 100 feet road), 4% of the deed value or
RajarbaghRehabilitation Area (beside 40 feet and other taka
internal road) of Dhaka
10. Goran (beside 40 feet road) and Hajaribagh Tannery Area of 4% of the deed value or
Dhaka taka 30,000/- whichever
is higher:
Provided that where any structure, building, flat, apartment or floor space is situated
on the land, an additional tax shall be paid at the rate of taka 600/- (six hundred) per square
meter or (4%) four per cent of the deed value of such structure, building, flat, apartment or
floor space, whichever is higher.
(c) Rate of tax for land or land & building located in the following areas:
Name of the area or areas Rate of tax
1. Within the jurisdiction of Rajdhani Unnayan Kartripakya
(RAJUK) and Chittagong Development Authority (CDA) 4% of deed value
except areas specified in schedule (a) and (b)
Annexure-D
Rate of deduction of
SL. No Description of services or payments
tax
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2 Pre-shipment inspection service 20%
9 Commission 20%
11 Interest 20%
16 Supplier 7.5%
Dividend-
20 (a) company—- 20%
(b) any other person, not being a company— 30%
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23 Exploration or drilling in petroleum operations 5.25%
[(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 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.] Ins by F.A. 2018
(3) In this section,-
(i) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of
section 52 of this Ordinance;
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