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Where an Act of Parliament provides, income tax shall be charged for any
assessment year at any rate or rates, Income tax at that rate or those
rates shall be charged, levied, paid and collected in accordance with the
provision of Income Tax Ordinance 1984 in respect of the total income of
the income year of every person.
(1)
(3)
(2)
Where any income of a person has been included in his total income
on the basis that it has been accrued or arisen, or is deemed to have
accrued or arisen, to him any year, it shall not be included again in his
total income on the ground that it is received or deemed to be received
by him in Bangladesh in another year.
any income which falls under the head Salaries, wherever paid if(a) it is earned in Bangladesh; or
(b) it is paid by the government or a local authority in Bangladesh to a
citizen of Bangladesh in the service of such Government of authority;
(2)
Provided that in the case of a business all the operations of which are not carried out
in Bangladesh, only such part of the income as is reasonably attributable to the
operation carried out in Bangladesh shall be deemed to accrue or arise in
Bangladesh;
(3)
Continued
(b) by a person, who is a resident, except where the interest is payable in
respect of any debt incurred, or moneys borrowed and used, for the
purposes of a business or profession carried on by such person outside
Bangladesh or for the purpose of making or earning any income from any
source outside Bangladesh; or
(c) by a person who is a non-resident when the interest is in respect of
any debt incurred, or moneys borrowed and used for the purpose of a
business or profession carried on by such person in Bangladesh or for
the purpose of making or earning any income from any source in
Bangladesh;
(5)
Any income by way of fees for technical services payable(a) by the Government; or
(b) by a person, who is a resident, except where such fees are payable in
respect of services utilized in a business or profession carried on by any
such person outside Bangladesh or for the purposes of making or earning
any income from any source outside Bangladesh; or
(c) by a person who is a non-resident where such fees are payable in
respect of services utilized in a business or profession carried on by such
person in Bangladesh or for the purpose of making or earning any
income from any source in Bangladesh.
continued
(6)
COMPUTATION OF INCOME
Heads of income
(a)
(b)
(c)
(d)
(e)
(f)
(g)
For the purpose of charge of income tax and computation of total income,
all incomes shall be classified and computed under the following heads of
income:
Salaries.
Interest on securities.
Income from house property.
Agricultural income.
Income from business or profession.
Capital gains.
Income from other sources.