Part- III Share Capital , Regiatration of Unlimited Company as Limited and Unlimited Liability of Directors 31. Certificate of shares or stock. A certificate under the common seal of the company specifying any shares or stock held by any member shall be prima facie evidence of the title of the member to the shares or stock therein specified. 32. Definition of Member. (1) Every subscriber of th
PART-II Constitution and incorporation 4. Prohibition of partnership exceeding certain number: (1) Nor company, association or partnership consisting of more than ten persons shall be formed or a the purpose of carrying on the business of banking unless it is registered as a company under this Act or is formed by or under any other Act of Parliament. (2) No company association or partnership co
PART-I PRELIMINARY 1.Short title and commencement (1) This Act may be called the Companies Act, 1994. (2) It shall come into force on such rate as the Government may, by notification in the Official, Gazette, appoint. 2. Definitions (1) In this Act, unless there is anything repugnant in the subject or context,- (a) “articles” means the articles of association of a company includi
THE REGISTRATION ACT, 1908 (ACT NO. XVI OF 1908). [18th December, 1908] 1An Act to Consolidate the enactments relating to the Registration of Documents.WHEREAS it is expedient to consolidate the enactments relating to the registration of documents; It is hereby enacted as follows:- PART IPRELIMINARY 1. Short title, extent and commencement.- (1) This Act may be called the Registration Act, 19
দানকর আইন, ১৯৯১(১৯৯০ সনের ৪৪ নং আইন) দানের উপর কর ধার্যকরণকল্পে প্রণীত আইন।যেহেতু দানের উপর কর ধার্যকরণ সমীচীন ও প্রয়োজনীয়,সেহেতু এতদ্বারা নিম্নরুপ আই
ভ্রমণ কর আইন, ২০০৩ (২০০৩ সনের ৫ নং আইন) বাংলাদেশ হইতে আকাশ, স্থল কিংবা জল পথে অন্য কোন দেশে যে কোন যাত্রীর গমনের ক্ষেত্রে ভ্রমণ কর আরোপ ও আদায় করিবার লক্ষ
THE STAMP ACT, 1899 (ACT NO. II OF 1899). [27th January, 1899]1An Act to consolidate and amend the law relating to stamps. WHEREAS it is expedient to consolidate and amend the law relating to stamps; It is hereby enacted as follows:- CHAPTER I PRELIMINARY 1. Short title, extent and commencement: (1) This Act may be called the Stamp Act, 1899. (2) It extends to the whole of Bangladesh. (3)
[CHAPTER XIATransfer Pricing 107A. Definitions.- 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) which do not differ from the conditions that would have prevailed in a comparable uncontrolled transactions between independent entiti
61. Form of tax clearance and exemption certificate, etc.— (1) Every application for a tax clearance certificate or an exemption certificate shall be made in the following form:— Application for a certificate under section 107 of the Income Tax Ordinance, 1984 ToThe Deputy Commissioner of Taxes…………………………&h
51. Repayment of withdrawals, etc.— (1) Where a withdrawal is allowed for a purpose specified in clause (d) or clause (e) of sub-rule (1) of rule 50, the amount withdrawn need not be repaid. (2) Where a withdrawal is allowed for a purpose other than that referred to in sub-rule (1), the amount withdrawn shall be repaid in not more than twenty-four equal monthly installments and shall bear
41. Particulars for depreciation allowance.— Forthe purpose of paragraph 2(3)(a) of the Third Schedule to the Ordinance, the particulars to be furnished, shall be in the following form :— Particulars for depreciation allowance Section A. SI. No. Description of buildings, machinery, plant or furniture. Written down valueas at thebeginning of the accounting peri
Income Tax Manual Part-II – Contents 31. Computation of income derived from the sale of tea.— Income derived from the sale of tea grown and manufactured by the seller in Bangladesh shall be computed as if 40% of such income was derived from business and 60% of such income was derived from agriculture: Provided that in computing, such income from business, an allowance shall be
Income Tax Manual Part-II – Contents 21. Statement of deduction of tax under the head “Salaries [(1)Where a deduction is made under section 50 from an empoyee, not being a deduction by or on behalf of the Govermment, a monthly statement, in the proforma given below, shall be sent by the person making the deduction to the authorities mentioned in sub-rule (3) by the twentiet
Income Tax Manual Part-II – Contents [11]Deleted F.A. 2016 11A. Form of certificate under section 53(A) of the Ordinance.- The certificate under section 53A (3) of the Ordinance shall be issued by the Deputy Commissioner of Taxes in the following form:- Certificate under section 53A (3) of the Income Tax Ordinance, 1984 (XXXVI of 1984) To…………&he
[Published in the Bangladesh Gazette, Extraordinary dated the 14th January,1985.] GOVERNMENT OF THE PEOPLE’S REPUBLIC OF BANGLADESH NATIONAL BOARD OF REVENUEDhaka, the 14th January, 1985 No. S.R.O. 39-L/85.—In exercise of the powers conferred by section 185 of the Income Tax Ordinance, 1984 (XXXVI of 1984), read with sub-section (4) of that section, the National Board of Revenue is
Amended up-to July, 2016. (if any mistake be found please inform us) Rule 1. Short title Rule 2. Definition Rule 3. Time limit for registration of firms Rule 4. Form of application for registration of firms Rule 5. Order regarding registration of firms Rule 6. Form of declaration of partners of a firm for renewal of registration Role 7. Firms to maintain accounts, etc. Rule 8. Maintenance
[Chapter XVIIIB]Alternative Dispute Resolution 152F. Alternative Dispute Resolution.- (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 ru
THE EIGHTH SCHEDULE Deductions or Collections of tax at source
THE SEVENTH SCHEDULECOMPUTATION OF RELIEF FROM INCOME TAX BY WAY OFCREDIT IN RESPECT OF FOREIGN TAX[See section 144 (4)] 1. Definitions.- (1) In this Schedule,- (a) “Bangladesh tax” means income tax charged in accordance with the provisions of the Income Tax Ordinance,1984 ; (b) “foreign tax” means, in relation to any country an agreement with the Government of whic
THE SIXTH SCHEDULEPART BEXEMPTIONS AND ALLOWANCES FOR ASSESSEES BEING RESIDENT AND NONRESIDENT BANGLADESHI[See section 44 (2)] 1. Any sum paid by an assessee, being an individual, to effect an insurance, or a contract for deferred annuity, on the life of the assessee or on the life of a wife or husband or a minor child of the assessee, subject to the limit of such payment, in the case of insuranc
THE SIXTH SCHEDULEPART AEXCLUSIONS FROM TOTAL INCOME[See section 44(1)] 1. (1) Any income derived from house property held under trust or other legal obligation wholly for religious or charitable purposes, and in the case of house property so held in part only for such purposes, the income applied, or finally set apart for application, thereto. Explanation.- The provisions of this paragr
THE FIFTH SCHEDULE PART B COMPUTATION OF PROFITS AND GAINS FROM THE EXPLORATION AND EXTRACTION OF MINERAL DEPOSITS (OTHER THAN OIL AND OIL GAS) IN BANGLADESH [See section 28(2) (c)] 1. Profits from exploration and extraction of mineral deposits to be computed separately.– Where any person carries on the business of the exploration or extraction of mineral deposits of a wasting natu
THE FIFTH SCHEDULEPART ACOMPUTATION OF THE PROFITS OR GAINS FROM THE EXPLORATION ANDPRODUCTION OF PETROLEUM AND THE DETERMINATION OF THE TAX THEREON[See section 28 (2)(b)] 1. Profits from exploration and production of petroleum to be computed separately.– Where any person carries on or is deemed under an agreement with the Government to be carrying on any business which consist of or inc
THE FOURTH SCHEDULE COMPUTATION OF THE PROFITS AND GAINS OF INSURANCE BUSINESS [See section 28(2)(a)] 1. Profits of life insurance to be computed separately.- In the case of any person who carries on, or at any time in the income year carried on, life insurance business, the profits and gains of such person from that business shall be computed separately from his income, profits or gains from
THE THIRD SCHEDULE[COMPUTATION OF DEPRECIATION ASSOWANCE AND AMORTIZATION]Subs F. A. 2013[See section 27 and 29] 1. Depreciation allowance on assets used for agricultural purposes.– For the purpose of section 27(1)(f), depreciation allowance at the rates specified in the Table below shall be made in respect of depreciation of any irrigation or protective work or other capital assets:
THE SECOND SCHEDULERATES OF INCOME TAX IN CERTAIN SPECIAL CASES[See section 16(3)] 1. Where a person, not being a company, is a non-resident in Bangladesh, except a Bangladeshi non-resident tax shall be payable by him or on his behalf, on his total income, at the maximum rate. 2. Where the total income of an assessee includes any income chargeable under the head “Capital gains” (he
HE FIRST SCHEDULEPART CAPPROVED GRATUITY FUND[See section 2(5A)] 1. Definitions.– In this Part, unless the context otherwise requires, the expression “contribution”, “employee”, “employer”, “regulations of a fund” and “salary” have, in relation to gratuity funds, the meaning assigned to those expressions in paragraph 1 of Part B
THE FIRST SCHEDULEPART BRECOGNISED PROVIDENT FUNDS[See section 2(52)] 1. Definition.- For the purposes of this Part,- (a) “accumulated balance due” to an employee means the balance to his credit, or such portion thereof as may be claimable by him under the regulations of the fund, on the day he ceases to be an employee of the employer maintaining the fund; (b) “annu
THE FIRST SCHEDULEPART AAPPROVED SUPERANNUATION FUND OR PENSION FUND[See section 2(6)] 1. Definitions.- For the purposes of this Part,- (a) “employer”, “employee”, “contribution” and “salary” have, in relation to Superannuation fund or Pension Fund, the same meanings assigned to those expressions in paragraph 1 of Part B in relation to provident
CHAPTER XXIIIRULES AND REPEAL 185. Power To Make Rules. 185A. Power to issue circular, clarification, etc.- 186. Repeal And Savings. 187. Removal Of Difficulties. 185. Power to make rules.- (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 o