For The Purposes of This Part
For The Purposes of This Part
For The Purposes of This Part
PART A
2. 3[(1) The Board shall, within six months from the date of Approval and
receipt of the application by it for according approval to any withdrawal of
4 approval
[Superannuation Fund or Pension Fund], accord such approval,
failing which the 5[Superannuation Fund or Pension Fund] shall
be deemed to have been accorded approval and the Board may,
if, in its opinion, the 6[Superannuation Fund or Pension Fund]
contravenes any of the conditions specified in paragraph 3,
withdraw such approval at any time.]
1
The words “SUPERANNUATION FUND OR PENSION FUND” were substituted for the
words “Superannuation Funds” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
2
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation funds” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
3
Sub-paragraph (1) was substituted by section 6 of অথ আইন, ১৯৯৯ (১৯৯৯ সেনর ১৬ নং আইন).
4
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
5
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
6
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation Fund” by section 81of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
The Income-tax Ordinance, 1984
(b) the fund shall have for its sole purpose the provision of
annuities for employees in the trade or undertaking on
their retirement at or after a specified age or on their
becoming incapacitated prior to such retirement, or for
the widows, children or dependents of persons who are,
or have been, such employees on the death of those
persons;
7
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
8
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
9
The words “Superannuation Fund or Pension Fund” were substituted for the words
“superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
The Income-tax Ordinance, 1984
10
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
11
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
12
The word “Board” was substituted for the words “Deputy Commissioner of Taxes by
whom the employer is assessable ” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং
আইন).
The Income-tax Ordinance, 1984
13
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
14
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
15
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
16
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
The Income-tax Ordinance, 1984
17
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
18
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
19
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
20
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
21
The words “Superannuation Fund or Pension Fund” were substituted for the words
“Superannuation Fund” by section 81 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
The Income-tax Ordinance, 1984
PART B
22
Sub-clause (i) was substituted for the sub-clauses (i) and (ii) by section 4 of অথ আইন,
১৯৯৬ (১৯৯৬ সেনর ১৮ নং আইন).
23
Existing sub-clause (iii) was renumbered as sub-clause (ii) by section 4 of অথ আইন,
১৯৯৬ (১৯৯৬ সেনর ১৮ নং আইন), which was added by section 8 of অথ আইন, ১৯৮৭ (১৯৮৭ সেনর
২৭ নং আইন).
The Income-tax Ordinance, 1984
According and 2.24[(1) The Commissioner shall, within 25[fourty five days]
withdrawal of from the date of receipt of the application by him for according
recognition of
provident funds recognition to any provident fund, accord such recognition, failing
which the provident fund shall be deemed to have been accorded
recognition, and the Commissioner may, if, in his opinion, the
provident fund contravenes any of the conditions specified in
paragraph 3 and the rules made by the Board in that behalf,
withdraw such recognition at any time.]
(2) An order according recognition shall take effect on such
date as the Commissioner may fix in accordance with any rules the
Board may make in this behalf, such date not being later than the
last day of the financial year in which the order is made.
(3) An order according recognition to a provident fund shall
not, unless the Commissioner otherwise directs, be affected by the
fact that the fund is subsequently amalgamated with another
provident fund on the occurrence of an amalgamation of the
undertaking in connections with which the two funds are
maintained or that it subsequently absorbs the whole or a part of
another provident fund belonging to an undertaking which is
wholly or in part transferred to or merged in the undertaking of the
employer maintaining the first mentioned fund.
24
Sub-paragraph (1) was substituted by section 6 of অথ আইন, ১৯৯৫ (১৯৯৫ সেনর ১২ নং আইন).
25
The words "forty five days" were substituted for the words "thirty days" by section
37of the Finance Act, 2009 (Act. No. X of 2008)(with effect from 1st July, 2008).
The Income-tax Ordinance, 1984
Application of 15. This Part shall not apply to any provident fund to which
this Part the Provident Fund Act, 1925 (XIX of 1925), applies.
The Income-tax Ordinance, 1984
26
[PART C
2. 27[(1) The Board shall, within 28[four months] from the Approval of
date of receipt of the application by it for according approval to gratuity funds
any gratuity fund, accord such approval, failing which the
gratuity fund shall be deemed to have been accorded approval,
and the Board may, if, in its opinion, the gratuity fund
contravenes any of the conditions specified in paragraph 3 and
the rules made by the Board in that behalf, withdraw such
recognition at any time.]
3. In order that a gratuity fund may receive and retain Conditions for
approval, it shall satisfy the conditions hereinafter specified and approval
any other conditions which the Board may prescribe-
26
Part C was added by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
27
Sub-paragraph (1) was substituted by section 6 of অথ আইন, ১৯৯৯ (১৯৯৯ সেনর ১৬ নং আইন).
28
The words “four months” were substituted for the words “three months” by section 40
of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July 2009).
The Income-tax Ordinance, 1984
(b) the fund shall have for its sole purpose the provision of a
gratuity to employees in the trade or undertaking on
their retirement at or after a specified age or on their
becoming incapacitated prior to such retirement, or on
termination of their employment after a minimum period
of service specified in the regulations of the fund or to
the widows, children or dependents of such employees
on their death;
(c) the employer in the trade or undertaking shall be a
contributor to the fund; and
(d) all benefits granted by the fund shall be payable only in
Bangladesh.
29
The word “Board” was substituted for the words “Deputy Commissioner of Taxes by
whom the employer is assessable” by section 80 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং
আইন).
The Income-tax Ordinance, 1984
30
The words “except a Bangladeshi non-resident” were inserted by section 5 of অথ
আইন, ১৯৯৭ (১৯৯৭ সেনর ১৫ নং আইন).
31
Paragraph (2) was substituted by section 68 of অথ আইন, ২০০২ (২০০২ সেনর ১৪ নং আইন).
The Income-tax Ordinance, 1984
32
[3. Where the total income of an assessee includes any
income from “winnings” referred to in section 19(13)
chargeable under the head “Income from other sources”
(hereinafter referred to as the “said income”), the tax payable by
him on the said income shall be at the rate applicable to his total
income including the said income or at the rate of twenty per
cent, whichever is the lower.]
AMORTIZATION]
32
Paragraph (3) was substituted by section 6 of অথ আইন, ১৯৯৪ (১৯৯৪ সেনর ১১ নং আইন).
33
The title “COMPUTATION OF DEPRECIATION ALLOWANCE AND
AMORTIZATION” were substituted for the title “COMPUTATION OF
DEPRECIATION ALLOWANCE” by section 33(a) of the Finance Act, 2013 (Act No.
XXV of 2013) (with effect from 1st July, 2013).
34
TABLE was substituted by section 8 of অথ আইন, ১৯৮৭ (১৯৮৭ সেনর ২৭ নং আইন).
The Income-tax Ordinance, 1984
Rate/percentage
Classification of
of the written
Serial irrigation or
down value,
No. protective work or Remarks.
except as
other capital assets.
otherwise
indicated.
1 2 3 4
1. Pucca buildings .. 10
3. kutcha buildings .. 20
7. Tube-well .. 15
8. Tanks .. 10
2. (1) In computing the profits and gains from business or Allowance for
profession, an allowance for depreciation shall be made in the depreciation
manner hereinafter provided in respect of any building,
machinery, plant or furniture owned by an assessee 35[or bridge
or road or fly over of a physical infrastructure
undertaking]and used for the purposes or business or
profession carried on by him.
35
The words “or bridge or road or fly over of a physical infrastructure ndertaking”were
inserted after the words “plant or furniture owned by an assessee” by section 67 of the
Finance Act,2010(Act No.XXXIII of 2010).
36
The words “or bridge or road or fly over of a physical infrastructure ndertaking”were
inserted after the words “plant or furniture” by section 67 of the Finance
Act,2010(Act No.XXXIII of 2010).
37
The words “or bridge or road or fly over of a physical infrastructure undertaking”
were inserted after the words “plant or furniture” by section 67 of the Finance
Act,2010(Act No.XXXIII of 2010).
The Income-tax Ordinance, 1984
38
[TABLE
Rate/percentage of the
Sl. written down value,
Class of assets Remarks
No. except as otherwise
indicated.
1 2 3 4
1 (1) Buildings (general) 12
(2) Factory buildings 24
2 Furniture and fittings 10
39
[2A Office equipment ----------10]
.
38
Subs by এস., আর., ও. নং ১৮০ আইন/ ৯৮
39
Serial number 2A was inserted by section 54(a)(i) of the Finance Act, 2014 (Act No. iv
of 2014) .
The Income-tax Ordinance, 1984
1 2 3 4
(i) Ocean-going ships 12
(new)
(ii) Ocean-going ships The allowance is
(second hand), age at to be calculated
the time of purchase- on the original
cost.
(a) less than 10 years 12
(b) 10 years or more 24
(iii) Inland ships including 24
steamers, motor vessels,
sails, tug-boats, iron or
steel flats for cargo,
wooden cargo-boats,
motor launches and
speed boats.
(b) (i) Batteries, X-Ray and 20
electrotherapeutic
apparatus and
accessories thereto;
(ii) Machinery used in the 20
production and
exhibition of
cinematographic films;
(iii) Motor vehicles all sorts 20
not playing for hire;
(iv) Motor vehicles all sorts
playing for hire;
40
[(v) computer and computer 30]
equipments
41
[(vi) Bangladeshi made computer 50]
software
42[ 10]
(vii) imported computer software
40
The “entry (v)” was inserted by section 38 of the Finance Act,2009(Act No.X of
2009)(with effect from 1st July 2008).
41
Sub-clause (vi) was added by section 41 of the Finance Act,2009(Act No.XXXVI of
2009)(with effect from 1st July 2009).
42
The entry (vii) was inserted by section 63(a) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং
আইন).(with effect from 1st July 2015). (with effect from 1st July 2015).
The Income-tax Ordinance, 1984
43
[(e) physical infrastructure-
(i) Bridge ---------------------------- 2
(ii) Road ----------------------------- 2
(iii) Fly over ------------------------- 2
(iv) Pavement runway, taxiway 2.5
(v) Apron, termac 2.5
(vi) Boarding bridge 10
(vii) Communication, Navigation aid 5.]
and other equipments
43
Entry No. (e) was substituted by section 54(a)(ii) of the Finance Act, 2014 (Act No.
iv of 2014) .
The Income-tax Ordinance, 1984
Initial 47
[5A. (1) Where any building has been newly constructed or any
depreciation machinery or plant has been installed in Bangladesh after the
allowance
thirtieth day of June, 2002, an amount by way of initial depreciation
allowance in respect of the year of construction or installation or the
year in which such building, machinery or plant is used by the
assessee for the first time for the purpose of his business or
profession or the year in which commercial production is
commenced, whichever is the later, shall be allowed at the following
rates, namely:-
44
The words and figure “or paragraph 4 ” were omitted by section 6 of অথ আইন, ১৯৯৮
(১৯৯৮ সেনর ১৪ নং আইন).
45
Sub paragraph (4) was added by section 55 of the Finance Act,2009(Act No.IX of
2009)(with effect from 1st July 2007).
46
The word and figure “or 4” was omitted by section 6 of অথ আইন, ১৯৯৮ (১৯৯৮ সেনর ১৪ নং
আইন).
47
Paragraph (5A) was inserted by section 69 of অথ আইন, ২০০২ (২০০২ সেনর ১৪ নং আইন).
The Income-tax Ordinance, 1984
(a) in the case of building ... ten per cent of the cost thereof
to the assessee;
7. 48[(1) In the case of any machinery or plant (other than office Accelerated
appliances and road transport vehicles) which, not having been depreciation
previously used in Bangladesh, has been or is used in an industrial allowance on
machinery
undertaking set up in Bangladesh between the first day of July,
and plant
1977 and the thirtieth day of June, 49[2012] (both days inclusive),
an amount by way of accelerated depreciation allowance shall,
subject to the conditions set out in sub-paragraph (2), be allowed
and computed as follows, namely:-
(a) for the first year in which fifty per cent of the actual
the undertaking starts -- cost of plant and
commercial production machinery to the assessee
48
Sub-paragraph (1) was substituted by section 29 of অথ আইন, ২০০৬ (২০০৬ সেনর ২২ নং
আইন).
49
The figure “2012” was substituted for the figure “2010” by section 67 of the Finance
Act,2010(Act No.XXXIII of 2010).
The Income-tax Ordinance, 1984
(c) for the next following third -- twenty per cent of the
year actual cost of plant and
machinery to the
assessee.]
50
The words “six months” were substituted for the words “four months” by section 82
of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
The Income-tax Ordinance, 1984
(b) between the first day of July, 1995 and the thirtieth day
of June, 54[2005] (both days inclusive) in the treatment
and disposal of toxic and 55[environmentally hazardous
51
The words and figures “under section 45 or 46A or 46B” were substituted for the
words and figures under section 45 or 46A by section 38 of the Finance Act,2009(Act
No.X of 2009)(with effect from 1st July 2008).
52
Paragraph 7A of the third schedule was inserted by section 6 of অথ আইন, ১৯৯৫ (১৯৯৫
সেনর ১২ নং আইন).
53
The figure “2005” was substituted for the figure “2000” by section 81 of অথ আইন,
২০০০ (২০০০ সেনর ১৫ নং আইন).
54
The figure “2005” was substituted for the figure “2000” by section 81 of অথ আইন,
২০০০ (২০০০ সেনর ১৫ নং আইন).
55
The words “environmentally hazardous wastes or in the collection or processing of
biodegradable waste” were substituted for the words “environmentally hazardous
wastes” by section 6 of অথ আইন, ১৯৯৮ (১৯৯৮ সেনর ১৪ নং আইন).
The Income-tax Ordinance, 1984
(a) for the first year in which fifty per cent of the actual cost
the undertaking starts of plant and machinery to the
commercial production assessee
56
The words “six months” were substituted for the words “four months” by section 82
of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
57
Paragraph 7B was added by section 54(b) of the Finance Act, 2014 (Act No.iv of
2014)(with effect from 1st July 2014).
The Income-tax Ordinance, 1984
(b) for the second year -- thirty per cent of the actual
cost of plant and machinery to
the assessee
(c) for the third year -- twenty per cent of the actual
cost of plant and machinery to
the assessee.
(c) that the particulars required for the purpose of entitlement to,
or claiming accelerated depreciation allowance under this paragraph
have been furnished; and
(i) for the first year .... 40 per cent of the original
cost;
(ii) for the second .... 30 per cent of the original
year cost;
(iii) for the third year .... 30 per cent of the original
cost;
58
The figure “1995” was substituted for the figure “1990” by section 8 of অথ আইন, ১৯৯০
(১৯৯০ সেনর ৪৫ নং আইন).
59
The figure “1995” was substituted for the figure “1990” by section 6 of অথ আইন, ১৯৯৮
(১৯৯৮ সেনর ১৪ নং আইন).
The Income-tax Ordinance, 1984
60
Paragraph 10A was inserted by section 33(b) of the Finance Act, 2013 (Act No. XXV
of 2013) (with effect from 1st July, 2013).
61
The words “license fees before or after” were substituted for the words “license fees on
or after” by section 54(c)(i) of the Finance Act, 2014 (Act No. IV of 2014) (with effect
from 1st July, 2014).
62
The words “,GSM license fees, license acquisition fees or license renewal fees” were
inserted after the words “Spectrum Assignment fees” by section 54(c)(ii) of the
Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
63
The words “or any other licence fee, paid by any other company engaged in providing
specialized services, if such licence is integral to the operation of the company” were
added after the words “cellular mobile phone operator” by section 64 of অথ আইন, ২০১৬
(২০১৬ সেনর ২৮ নং আইন).
64
The colon “:” was substituted for the full-stop “.” and thereafter proviso was added by
section 54(e) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July,
2014).
The Income-tax Ordinance, 1984
(a) where the asset is actually sold, the sale price thereof or
the fair market value, whichever is the higher;
(f) where the asset ceases to be used by the assessee for the
purposes of his business or profession, the fair market
value thereof at the time of such cessation;
and in each such case the asset shall for the purpose of
paragraph 10, be deemed to have been disposed of by the
assessee:
65
The words, comma and figure “the “normal depreciation” allowed under paragraph 3
of this Schedule” were substituted for the words, commas and figures “the “normal
depreciation” and “extra depreciation” if any, allowed under paragraphs 3 and 4 of
this Schedule” by section 6 of অথ আইন, ১৯৯৯ (১৯৯৯ সেনর ১৬ নং আইন).
The Income-tax Ordinance, 1984
66
The words “twenty lakh taka” were substituted for the words “ten lakh taka” by
section 41 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July
2009).
67
The words “twenty lakh taka” were substituted for the words “ten lakh taka” by
section 41 of the Finance Act,2009(Act No.XXXVI of 2009)(with effect from 1st July
2009).
68
The words “twenty five lakh taka” were substituted for the words “twenty lakh taka”
by section 63(b) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং আইন).(with effect from 1st July
2015). (with effect from 1st July 2015).
The Income-tax Ordinance, 1984
1. In the case of any person who carries on, or at any time Profits of life
in the income year carried on, life insurance business, the insurance to be
computed
profits and gains of such person from that business shall be separately
computed separately from his income, profits or gains from any
other business.
69
The words “income year” were substituted for the words “previous year” by
Corrigendum issued vide Bangladesh Gazette, dated 19th August, 1984.
The Income-tax Ordinance, 1984
70
[(c) interest received in respect of any securities of the
Government which have been issued with the condition
that interest thereon shall not be liable to tax shall be
excluded.]
Adjustment of 5. Where for any year an assessment of the profits and gains of
tax paid by life insurance business is made in accordance with the annual average
deduction at of a surplus disclosed by a valuation for an inter-valuation period
source exceeding twelve months, then, in computing the tax payable for that
year, credit shall not be given in accordance with section 62 for the
tax paid in the income year, but credit shall be given for the annual
average of the tax paid by deduction at source from interest on
securities or otherwise during such period.
Computation of 6. 71[(1) The profits and gains of any business of insurance other than
profits and life insurance shall be taken to be the balance of the profits disclosed by
gains of other the annual accounts, which are required to be prepared complying the
insurance provisions of the 72[ বীমা আইন, ২০১০ (২০১০ সেনর ১৩ নং আইন) (Insurance
business Act, 2010 (Act No. 13 of 2010)], after adjusting such balance so as to
exclude from it any expenditure, other than expenditure which may under
the provisions of section 29 of the Income tax Ordinance, 1984 be
allowed for, in computing the profits and gains of a business. Profits and
losses on the realisation of investments, and depreciation and appreciation
of the value of investments shall be dealt with as provided in paragraph 4
for the business of life insurance.]
(2) Where a company sets aside a portion of its income, profits and
gains to meet exceptional losses, so much of such portion as does not
exceed ten per cent of the premium income of the year in which it is set
aside shall be deducted from the balance of the profits referred to in sub-
paragraph (1).
(3) The amount deducted under sub-paragraph (2) in any year,
together with the amounts, if any, deducted or carried to a reserve in
earlier years to meet exceptional losses (as reduced by the amounts, if
any, paid out of such amounts or reserve to meet exceptional losses) shall
not exceed the premium income of that year or the average premium
income of the three years immediately preceding that year, whichever is
the higher.
70
Sub-paragraph (c) was substituted by section 6 of অথ আইন, ১৯৯৫ (১৯৯৫ সেনর ১২ নং আইন).
71
Sub-paragraph (1) was substituted by section 33 of অথ আইন, ২০০৫ (২০০৫ সেনর ১৬ নং
আইন).
72
The words, comma, figures and brackets “বীমা আইন, ২০১০ (২০১০ সেনর ১৩ নং আইন)
(Insurance Act, 2010 (Act No. 13 of 2010)” were substituted for the words, comma,
figures, letters and brackets “Insurance Act, 1938 (IV of 1938)” by section 55(a) of the
Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
The Income-tax Ordinance, 1984
73
The words, figures, letters and brackets “5(2) of বীমা আইন, ২০১০ (২০১০ সেনর ১৩ নং আইন)” were
substituted for the words, figures, letters and brackets “2(II) of the Insurance Act, 1938 (IV of
1938)” by section 55(b) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st
July, 2012).
The Income-tax Ordinance, 1984
(i) such portion of the said loss in any year shall be set
off against income, profits or gains from business or
under any other head of income, other than income
from dividend, of that year. If the loss cannot be
wholly set off in this manner, the portion not so set
off shall be carried forward to the following year
and set off against such income, profits or gains, for
that year in the same manner; and if it cannot be
wholly so set off, the amount not so set off shall be
The Income-tax Ordinance, 1984
74
The words and figures “subject to the condition that it shall not be less than 50 per
cent of the profits or gains derived from the said business or part of the business
before deduction of payments to the Government and the additional allowance
referred to in paragraph 3 ” were omitted by section 12 of অথ আইন, ১৯৮৯ (১৯৮৯ সেনর
৩৬ নং আইন).
75
Clause (a) was omitted by section 12 of অথ আইন, ১৯৮৯ (১৯৮৯ সেনর ৩৬ নং আইন).
The Income-tax Ordinance, 1984
76
Clause (b) was substituted by section 12 of অথ আইন, ১৯৮৯ (১৯৮৯ সেনর ৩৬ নং আইন).
The Income-tax Ordinance, 1984
2. (1) Subject to the provisions of this Part, the profits and Computation of
gains of such undertaking shall be computed in accordance with profits
the provisions of section 29.
PART A
77
The words “house property” were substituted for the word “property” by section 68 of
অথ আইন, ২০০১ (২০০১ সেনর ৩০ নং আইন).
78
The words “or from operation of micro credit by such trust or obligation” were
omitted by section 70 of অথ আইন, ২০০২ (২০০২ সেনর ১৪ নং আইন).
79
The words “house property” were substituted for the word “property” by section 68 of
অথ আইন, ২০০১ (২০০১ সেনর ৩০ নং আইন).
80
The Explanation was inserted by section 70 of অথ আইন, ২০০২ (২০০২ সেনর ১৪ নং আইন).
The Income-tax Ordinance, 1984
81
[1A. Any service charge derived from operation of micro
credit by a non-government organisation registered with NGO
Affairs Bureau.
Explanation.- For the purpose of this paragraph, "service
charge" means any financial charge or interest or share of
profit, called by whatever name, paid or payable by the loan
recipient for the amount borrowed under micro credit
programme from the non-government organisation.]
81
Paragraph (1A) was substituted by section 55 of the Finance Act, 2014 (Act No. IV of
2014) (with effect from 1st July, 2014).
82
The comma and word (, or) were substituted for the full stop (.) and sub-clause (iii)
was inserted by section 58(a) of the Finance Act, 2011 (Act No. XII of 2011) .
The Income-tax Ordinance, 1984
83
The Explanation was omitted by section 6 of অথ আইন, ১৯৯৯ (১৯৯৯ সেনর ১৬ নং আইন).
84
The words “Any voluntary contributions received by a religious or charitable
institution” were substituted for the words “Any income of a religious or charitable
institution derived from voluntary contributions” by section 55(b) of the Finance Act,
2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
85
Paragraph 3 was substituted by section 83 of অথ আইন, ২০০০ (২০০০ সেনর ১৫ নং আইন).
The Income-tax Ordinance, 1984
86
The words, commas, numbers and breakets “evsjv‡`k kÖg AvBb, 2006 (2006 m‡bi 42 bs
AvBb) (Bangladesh Labour Act, 2006 (Act No. XLII of 2006)” were substituted for the
words, commas, numbers and breakets “Companies Profits (Workers Participation) Act,
1968 (XII of 1968)” by section 55(c) of the Finance Act, 2014 (Act No. IV of 2014)
(with effect from 1st July, 2014).
87
Paragraph (6) was substituted by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
88
The words “or pension fund” were inserted after the words “an approved
superannuation fund” by section 56(a)(i) of the Finance Act, 2012 (Act No. XXVI of
2012) (with effect from 1st July, 2012).
The Income-tax Ordinance, 1984
90[
11A. Income from dividend received from a company listed in any
stock exchange in Bangladesh up to twenty five thousand taka.]
91
[***]
14. Any income chargeable under the head “Income from
property”,-
89
Paragraph (8) was substituted by section 35 of অথ আইন, ২০০৩ (২০০৩ সেনর ১৭ নং আইন).
90
Paragraph (11A) was substituted by section 64(a) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং
আইন).(with effect from 1st July 2015). (with effect from 1st July 2015).
91
Paragraph 12, paragraph 13 were omitted by section 58(b) of the Finance Act, 2011
(Act No. XII of 2011) .
The Income-tax Ordinance, 1984
92
The semi-colon (;) was substituted for the full-stop (.) and thereafter clauses (e) and (f)
were added by section 8 of the Finance Ordinance, 1985 (Ordinance No. XXXII of 1985).
The Income-tax Ordinance, 1984
93
The semi-colon (;) was substituted for the full stop (.) and thereafter clause (g) was
added by section 8 of অথ আইন, ১৯৯০ (১৯৯০ সেনর ৪৫ নং আইন).
94
The words “thirty thousand taka” were substituted for the words “twenty thousand
taka” by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
95
The words “thirty thousand taka” were substituted for the words “twenty thousand
taka” by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
96
The words “thirty thousand taka” were substituted for the words “twenty thousand
taka” by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
The Income-tax Ordinance, 1984
97
The words “thirty thousand taka” were substituted for the words “twenty thousand
taka” by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
98
Sub-paragraph (h) was omitted by section 6 of অথ আইন, ১৯৯৯ (১৯৯৯ সেনর ১৬ নং আইন).
99
Paragraph 20 was substituted by section 64(b) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং
আইন).(with effect from 1st July 2015).
100
Sub-paragraph (d) was substituted by section 65 (a) of অথ আইন, ২০১৬ (২০১৬ সেনর ২৮ নং
আইন).
The Income-tax Ordinance, 1984
101
Paragraph 22A was substituted by section 39 of the Finance Act,2009(Act No.X of
2009)(with effect from 1st July 2008).
102
The words “dividend of” was omitted by section 63(d) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০
নং আইন).(with effect from 1st July 2015). (with effect from 1st July 2015).
103
Paragraphs (24) and (25) were substituted for former paragraph (23) by section 8 of
অথ আইন, ১৯৯২ (১৯৯২ সেনর ২১ নং আইন).
104
Paragraph 24A was added by section 64(e) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং
আইন).(with effect from 1st July 2015). (with effect from 1st July 2015).
105
Paragraph (26) was added by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
The Income-tax Ordinance, 1984
106
[27. Notwithstanding anything contained in any order or
regulation for the time being in force, any income of an
individual, being an indigenous hill-man of any of the hill
districts of Rangamati, Bandarban and Khagrachari, which has
been derived solely from economic activities undertaken within
the said hill districts.
28. An amount equal to fifty per cent of the income of an
assessee, other than a company not registered in Bangladesh,
derived 107[from the business of export, but it shall not apply
in case of an assessee, who is enjoying exemption of tax or
reduction in rate of tax by any notification made under this
Ordinance].
112
[32A. Any sum or aggregate of sums received as interest from
pensioners' savings certificate where the total accumulated investment
at the end of the relevant income year in such certificate does not
exceed taka five lakh.]
113
[33. Any income derived from the business of 114[software
development or Nationwide Telecommunica-tion Transmission
Network (NTTN) or] Information Technology Enabled Services
(ITES) for the period from the first day of July, 2008 to the
thirtieth day of June, 115[2024]:
Provided that the person shall file income tax return in
accordance with the provisions of 116[section 75] of the
Ordinance.
111
Paragraph (31B) was omitted by section 58(b) of the Finance Act, 2011 (Act No. XII
of 2011) .
112
Paragraph 32A was substituted by section 65(b) of অথ আইন, ২০১৬ (২০১৬ সেনর ২৮ নং
আইন).
113
Paragraphs 33, 34, 35, 36, 37, 38, 39 and 40 were added by section 39 of the Finance
Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
114
The words, words summarize and brackets “software development or Nationwide
Telecommunica-tion Transmission Network (NTTN) or” were substituted for the
words “software development and” by section 55(g)(i) of the Finance Act, 2014 (Act
No. IV of 2014) (with effect from 1st July, 2014).
115
The figure “2024” was substituted for the figure “2019” by section 64(f) of অথ আইন,
২০১৫ (২০১৫ সেনর ১০ নং আইন).(with effect from 1st July 2015). (with effect from 1st July
2015).
116
The word and figure “section 75” were substituted for the words, figures and brackets
“section 75(2)(c) by section 65(c)(i)of অথ আইন, ২০১৬ (২০১৬ সেনর ২৮ নং আইন).
The Income-tax Ordinance, 1984
117
[Explanation.-Information Technology Enabled Services
(ITES) means-Digital Content Development and Management,
Animation (both 2D and 3D), Geographic Information Services
(GIS), IT Support and Software Maintenance Services, Web
Site Services, Business Process Outsourcing, Data entry, Data
Processing, Call Centre, Graphics Design (digital service),
Search Engine Optimization, Web Listing, 118[document
conversion, imaging and archiving including digital archiving
of physical records].]
34. Subject to the conditions made hereunder any income
from fisheries, poultry, 119[***] production of seeds,
marketing of locally produced seeds, cattle farming, dairy
farming, horticulture, frog farming, mushroom farming,
floriculture, sericulture for the period from the first day of July,
2008 to the thirtieth day of June, 2011-
120
[(a) if such income exceeds taka one lakh and fifty
thousand, the person shall invest an amount not less
than ten percent of the said income in the purchase of
bond or securities issued by the Government within
six months from the end of of the income year and
hold such bond or securities till maturity of such bond
or securities;]
117
The "Explanation" was substituted by section 58(a) of the Finance Act, 2011 (Act No.
XII of 2011) .
118
The words “document conversion, imaging and archiving including digital archiving
of physical records” were substituted for the words and comma “E-commerce and
Online Shopping, document conversion, imaging and archiving” by section 65(c)(ii)
of অথ আইন, ২০১৬ (২০১৬ সেনর ২৮ নং আইন).
119
The words and comma “production of pelleted poultry feed,” were omitted by section
68 of the Finance Act,2010(Act No.XXXIII of 2010).
120
Sub-paragraph (a) was substituted by section 55(h) of the Finance Act, 2014 (Act No.
IV of 2014) (with effect from 1st July, 2014).
The Income-tax Ordinance, 1984
121
The colon was substituted for the full-stop at the end of clause (c) and thereafter a
proviso was added by section 68 of the Finance Act,2010(Act No.XXXIII of 2010).
122
The figure “2019” was substituted for the figure “2015” by section 64(g) of অথ আইন,
২০১৫ (২০১৫ সেনর ১০ নং আইন).(with effect from 1st July 2015). (with effect from 1st July
2015).
123
Paragraph 38 was substituted by section 42 of the Finance Act,2009(Act No.XXXVI
of 2009)(with effect from 1st July 2009).
The Income-tax Ordinance, 1984
124
The words “thirty six lakh” were substituted for the words “thirty lakh” by section
65(d) of অথ আইন, ২০১৬ (২০১৬ সেনর ২৮ নং আইন).
125
Paragraph 41 was omitted by section 68 of the Finance Act,2010(Act No.XXXIII of
2010).
126
Paragraph 42 was added by section 58(a) of the Finance Act, 2011 (Act No. XII of
2011) .
127
The number “2015” was substituted for the number “2013” by section 34(a)(iv) of the
Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
The Income-tax Ordinance, 1984
128
[44. An amount of income derived from cinema hall or
Cineplex which starts commercial exhibition between the first
day of July, 2012 and thirtieth day of June, 129[2019] for the
period, and at the rate specified below:
if it is set-up in-
128
Paragraphs 44, 45, 46 and 47 were added by section 56(a)(iv) of the Finance Act,
2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
129
The figure “2019” was substituted for the figure “2015” by section 55(I) of the
Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
130
Sub-paragraph (ii) was substituted by section 55(I) of the Finance Act, 2014 (Act No.
IV of 2014) (with effect from 1st July, 2014).
The Income-tax Ordinance, 1984
131
The figure “2019” was substituted for the figure “2015” by section 55(J) of the
Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
132
Sub-paragraph (i) and sub-paragraph (ii) were substituted by section 55(k) of the
Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
The Income-tax Ordinance, 1984
133
Paragraphs 48, 49, 50, 51 and 52 were added by section 55(L) of the Finance Act,
2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
The Income-tax Ordinance, 1984
137[
52. Any income, not being interest or dividend
classifiable under the head “Income from other sources”,
received by any educational institution, if it –
134
The words “or bank transfer” were inserted after the words “crossed cheque” by
section 64(h) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং আইন).(with effect from 1st July 2015).
(with effect from 1st July 2015).
135
The words “or bank transfer” were inserted after the words “crossed cheque” by
section 64(i) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং আইন).(with effect from 1st July 2015).
(with effect from 1st July 2015).
136
The words “or bank transfer” were inserted after the words “crossed cheque” by
section 64(j) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং আইন).(with effect from 1st July 2015).
(with effect from 1st July 2015).
137
Paragraphs 52 and 53 were added by section 64(k) of অথ আইন, ২০১৫ (২০১৫ সেনর ১০ নং
আইন).(with effect from 1st July 2015). (with effect from 1st July 2015).
The Income-tax Ordinance, 1984
PART B
138
The words “FOR ASSESSEES BEING RESIDENT AND NON-RESIDENT
BANGLADESHI” were substituted for the words “FOR ASSESSEES BEING
RESIDENT” by section 56 of the Finance Act,2009(Act No.IX of 2009)(with effect
from 1st July 2007).
The Income-tax Ordinance, 1984
139
Paragraph (8) and Paragraph (9) were omitted by section 58(b) of the Finance Act,
2011 (Act No. XII of 2011) .
The Income-tax Ordinance, 1984
140
The words, the comma and the figure “and as are purchased not later than the thirtieth
day of June, 1994” were omitted by section 5 of অথ আইন, ১৯৯৭ (১৯৯৭ সেনর ১৫ নং আইন).
141
The words “and mutual fund certificate” were inserted by section of the Finance Act,
1985 (Act No. XXXII of 1985).
142
The words “any financial institution or” were inserted after the words “certificates
issued by” by section 34(b) of the Finance Act, 2013 (Act No. XXV of 2013) (with
effect from 1st July, 2013).
143
The words “Investment Corporation of Bangladesh and its subsidiaries” were
substituted for the words “Investment Corporation of Bangladesh” by section 42 of
অথ আইন, ২০০৪ (২০০৪ সেনর ১৬ নং আইন).
The Income-tax Ordinance, 1984
144
Sub-paragraph (2) was substituted by section 6 of অথ আইন, ১৯৯৮ (১৯৯৮ সেনর ১৪ নং আইন).
145
Paragraphs (11) was substituted by section 58(b) of the Finance Act, 2011 (Act No.
XII of 2011) .
146
The words “or a financial institution” were added after the words “schedule bank”
by section 56(b)(i) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect
from 1st July, 2012).
147
Paragraphs (11A) and (11B) were inserted by section 83 of অথ আইন, ২০০০ (২০০০ সেনর
১৫ নং আইন).
148
The words “one year” were substituted for the words “three years” by section 70 of
অথ আইন, ২০০২ (২০০২ সেনর ১৪ নং আইন).
The Income-tax Ordinance, 1984
16. Any sum being the share or portion of the share of the
assessee in the income of 150[a firm] if tax of such income has
already been paid by the firm:
149
The words “one year” were substituted for the words “three years” by section 70 of
অথ আইন, ২০০২ (২০০২ সেনর ১৪ নং আইন).
150
The words “a firm” were substituted for the words “an unregistered firm” by section 6
of অথ আইন, ১৯৯৫ (১৯৯৫ সেনর ১২ নং আইন).
The Income-tax Ordinance, 1984
151
Paragraph (21) was added by section 7 of অথ আইন, ১৯৯৩ (১৯৯৩ সেনর ১৮ নং আইন).
152
Paragraph (22) was inserted by section 34 of অথ আইন, ২০০৫ (২০০৫ সেনর ১৬ নং আইন).
153
Paragraph 23 was added by section 43 of the Finance Act,2009(Act No.XXXVI of
2009)(with effect from 1st July 2009).
154
Paragraphs 24, 25, 26, 27 and 28 were added by section 58(b) of the Finance Act,
2011 (Act No. XII of 2011) .
155
Paragraph 26 was omitted by section 56(b)(ii) of the Finance Act, 2012 (Act No.
XXVI of 2012) (with effect from 1st July, 2012).
The Income-tax Ordinance, 1984
Credit 3. Credit shall not be allowed against income tax for any
admissible to year of assessment unless the persons in respect of whose
residents
income the tax is chargeable is resident for the period on the
basis of which income is assessed.
Effect on 5. (1) Where the income includes a dividend and, under the
computation of agreement, foreign tax, whether chargeable directly or by
income on
allowance of deduction in respect of the dividend or not, is to be taken into
credit account in considering whether any, and if so, how much, credit
is to be allowed against the Bangladesh tax in respect of the
dividend, the amount of the income shall be treated as increased
by the amount of the foreign tax appropriate to the dividend
which falls to be taken into account in computing the amount of
the credit.
The Income-tax Ordinance, 1984
156
[***]
156
The “EIGHTH SCHEDULE” was omitted by section 58(b) of the Finance Act, 2011
(Act No. XII of 2011) .