Income Tax Act 2023
(as updated till Finance Act 2024)
An Act to make a new law upon repealing the Income-tax Ordinance, 1984 by updating and in a time befitting manner
WHEREAS all the Ordinances promulgated by Martial Law Proclamation between the period from 24th March, 1982 to 11th November, 1986 have ceased to have effect due to omission of paragraph 19 of the Fourth Schedule to the Constitution of the People’s Republic of Bangladesh regarding ratification and confirmation of the said Ordinances by the Constitution (Fifteenth Amendment) Act, 2011 (Act No. XIV of 2011) and the Constitution (Seventh Amendment) Act, 1986 (Act No. 1 of 1986) validating the Martial Law being declared void in the judgment pronounced by the Appellate Division of the Supreme Court of Bangladesh declaring the Martial Law unconstitutional in civil petition for Leave to appeal No. 48/2011; and
WHEREAS some of those Ordinances are kept in force by the Act No. VII of 2013; and
WHEREAS the Government has decided to make new laws in Bangla by way of necessary amendment and modification of such Ordinances as may be considered necessary after reviewing the necessity and relevancy of such Ordinances and soliciting opinions thereon from all stakeholders and relevant Ministries or Divisions; and
WHEREAS it is necessary to make a new law by updating and in time befitting manner expanding the scope of taxation of income tax, advance income tax, tax at source, minimum tax, surcharge and any other form of taxation, establishing financial discipline and other ancillary matters; and
WHEREAS in the light of the above-mentioned decision of the Government, it is expedient and necessary to repeal and re-enact the Income-tax Ordinance, 1984 (Ordinance No. XXXVI of 1984) in a befitting manner;
THEREFORE, it is hereby enacted as follows: –
Table of Contents - Income Tax Act 2023 English
| Part | Chaper | Section | Title of the Section |
|---|---|---|---|
| PART I – PRELIMINARY | 1 | Short title and commencement | |
| PART I – PRELIMINARY | 2 | Definitions | |
| PART I – PRELIMINARY | 3 | Overriding effect of the Act | |
| PART 2 – TAX ADMINISTRATION | 4 | Income tax authorities | |
| PART 2 – TAX ADMINISTRATION | 5 | Appointment of income-tax authorities | |
| PART 2 – TAX ADMINISTRATION | 6 | Delegation of powers | |
| PART 2 – TAX ADMINISTRATION | 7 | Subordination and control of income-tax authorities | |
| PART 2 – TAX ADMINISTRATION | 8 | Duties and functions and jurisdiction of income-tax authorities | |
| PART 2 – TAX ADMINISTRATION | 9 | Exercise of jurisdiction by successor | |
| PART 2 – TAX ADMINISTRATION | 10 | Following the directions of the Board | |
| PART 2 – TAX ADMINISTRATION | 11 | Instructions to the Deputy Commissioner of Taxes | |
| PART 2 – TAX ADMINISTRATION | 12 | Exercise of assessment functions by the Inspecting Additional Commissioner of Taxes | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 13 | Establishment of Taxes Appellate Tribunal | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 14 | Exercise of power of the Tribunal by Benches | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 15 | Decisions of Bench | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 16 | Exercise of power by one member | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 17 | Regulation of procedure | |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 18 | Charge of income-tax |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 19 | Charge of additional tax |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 20 | Charge of tax on the difference of investment, import and export |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 21 | Penalty for any offshore asset not disclosed in the return |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 22 | Charge of tax on retained earnings, reserves, surplus etc. |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 23 | Charge of tax on stock dividend |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 24 | Voluntary disclosure of investment or income by paying special tax etc. |
| PART 4 – CHARGE OF INCOME TAX | Chapter I – Basis of charge of tax | 25 | Special provisions for computation of tax |
| PART 4 – CHARGE OF INCOME TAX | Chapter II – Scope of income | 26 | Scope of the total income |
| PART 4 – CHARGE OF INCOME TAX | Chapter II – Scope of income | 27 | Income deemed to accrue or arise in Bangladesh |
| PART 4 – CHARGE OF INCOME TAX | Chapter II – Scope of income | 28 | Income not to be included twice in the scope of total income |
| PART V – COMPUTATION OF INCOME | Chapter I – Total income | 29 | Computation of total income |
| PART V – COMPUTATION OF INCOME | Chapter I – Total income | 30 | Heads of income |
| PART V – COMPUTATION OF INCOME | Chapter I – Total income | 31 | Consolidation of income |
| PART V – COMPUTATION OF INCOME | Chapter II – Income from employment | 32 | Income from employment |
| PART V – COMPUTATION OF INCOME | Chapter II – Income from employment | 33 | Determination of monetary value of perquisites, allowances and benefits |
| PART V – COMPUTATION OF INCOME | Chapter II – Income from employment | 34 | Determination of income earned from employee share schemes |
| PART V – COMPUTATION OF INCOME | Chapter III – Income from rent | 35 | Definitions |
| PART V – COMPUTATION OF INCOME | Chapter III – Income from rent | 36 | Income from rent |
| PART V – COMPUTATION OF INCOME | Chapter III – Income from rent | 37 | Computation of gross rental value |
| PART V – COMPUTATION OF INCOME | Chapter III – Income from rent | 38 | Allowable deductions in computing rental income |
| PART V – COMPUTATION OF INCOME | Chapter III – Income from rent | 39 | Computation of special income from rent |
| PART V – COMPUTATION OF INCOME | Chapter IV – Income from agriculture | 40 | Income from agriculture |
| PART V – COMPUTATION OF INCOME | Chapter IV – Income from agriculture | 41 | Special agricultural income |
| PART V – COMPUTATION OF INCOME | Chapter IV – Income from agriculture | 42 | General deductions allowable in computation of income under the head income from agriculture |
| PART V – COMPUTATION OF INCOME | Chapter IV – Income from agriculture | 43 | Computation of special deductions in case of non-maintenance of books of accounts |
| PART V – COMPUTATION OF INCOME | Chapter IV – Income from agriculture | 44 | Deduction not admissible in certain cases |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 45 | Income from business |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 46 | Special areas of income from business |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 47 | Calculation of profit of certain businesses |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 48 | Separate consideration of speculation business |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 49 | General allowable deductions in computing income from business |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 50 | Special allowable deductions in computing income from business |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 51 | Approval of bad debt expense |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 52 | Special deduction computation for interest or profit |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 53 | Special limits on allowance of interest |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 54 | General conditions for allowing deductions |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 55 | Deduction not admissible in certain cases |
| PART V – COMPUTATION OF INCOME | Chapter V – Income from business | 56 | Computation of special business income |
| PART V – COMPUTATION OF INCOME | Chapter VI – Capital gains | 57 | Capital gains |
| PART V – COMPUTATION OF INCOME | Chapter VI – Capital gains | 58 | Computation of capital gains |
| PART V – COMPUTATION OF INCOME | Chapter VI – Capital gains | 59 | Time of computation |
| PART V – COMPUTATION OF INCOME | Chapter VI – Capital gains | 60 | Limitation on deduction admissibility |
| PART V – COMPUTATION OF INCOME | Chapter VI – Capital gains | 61 | Other matters in determination of capital gains |
| PART V – COMPUTATION OF INCOME | Chapter VII – Income from financial assets | 62 | Income from financial assets |
| PART V – COMPUTATION OF INCOME | Chapter VII – Income from financial assets | 63 | Income computation period |
| PART V – COMPUTATION OF INCOME | Chapter VII – Income from financial assets | 64 | Allowable expenses in computing income from financial assets |
| PART V – COMPUTATION OF INCOME | Chapter VII – Income from financial assets | 65 | Deductions not admissible in certain circumstances |
| PART V – COMPUTATION OF INCOME | Chapter VIII – Income from other sources | 66 | Income from other sources |
| PART V – COMPUTATION OF INCOME | Chapter VIII – Income from other sources | 67 | Special cases of Income from other sources |
| PART V – COMPUTATION OF INCOME | Chapter VIII – Income from other sources | 68 | Allowable deductions in computing income from other sources |
| PART V – COMPUTATION OF INCOME | Chapter VIII – Income from other sources | 69 | Disallowance of deduction in certain cases |
| PART V – COMPUTATION OF INCOME | Chapter IX – Set off and carry forward of losses | 70 | Set off and carry forward of losses |
| PART V – COMPUTATION OF INCOME | Chapter IX – Set off and carry forward of losses | 71 | Carry forward of depreciation allowance |
| PART V – COMPUTATION OF INCOME | Chapter X – Method of accounting | 72 | Method of accounting |
| PART V – COMPUTATION OF INCOME | Chapter X – Method of accounting | 73 | Filing of audited financial reports by companies, etc. |
| PART V – COMPUTATION OF INCOME | Chapter X – Method of accounting | 74 | Method of accounting for long-term contracts |
| PART V – COMPUTATION OF INCOME | Chapter X – Method of accounting | 75 | Incomplete or incorrect accounts, etc |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter I – Exemption, reduction and deduction | 76 | Tax exemptions |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter I – Exemption, reduction and deduction | 77 | Exclusion from total income |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter I – Exemption, reduction and deduction | 78 | General tax rebate in respect of certain investments and expenditure |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter I – Exemption, reduction and deduction | 79 | Exemption of income of co-operative societies |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter II – Averaging | 80 | Averaging |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter III – Tax holiday | 81 | Income of approved tax holiday entity |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter III – Tax holiday | 82 | Approval of tax holiday entity by the Board |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter III – Tax holiday | 83 | Transactions with associated entity |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter III – Tax holiday | 84 | Computation of income of approved tax holiday entity |
| PART 6 – EXEMPTION, DEDUCTION AND TAX HOLIDAYS | Chapter III – Tax holiday | 85 | Cancellation or disallowance of tax exemption |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 86 | Deduction of tax at source from “income from employment” |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 87 | Deduction of tax from honorarium of Members of Parliament |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 88 | Deduction at source from money paid to Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 89 | Deduction of tax from money paid to contractors, suppliers, etc |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 90 | Deduction from payment in respect of services |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 91 | Deduction from amount paid for intangible property |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 92 | Deduction of tax from advertisement income of media |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 93 | Deduction from payment to actors, actresses, producers, etc |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 94 | Deduction or collection of tax at source from commission, discount, fee, etc |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 95 | Collection of tax from travel agent |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 96 | Deduction from the commission of letter of credit |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 97 | Deduction from payment on account of local letter of credit, etc |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 98 | Deduction of tax on amount paid by cellular mobile phone operator |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 99 | Deduction of tax from any payment in excess of premium paid on life insurance policy |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 100 | Deduction from insurance commission amount |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 101 | Deduction of tax from surveyors’ fees, etc., of general insurance companies |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 102 | Deduction of tax on savings deposits and fixed deposits, etc |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 103 | Deduction at source from interest on deposit of Post Office Savings Bank Account |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 104 | Deduction of tax from interest income of resident |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 105 | Deduction of tax on profits of savings certificates |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 106 | Deduction at source from interest on securities |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 107 | Deduction at source from discount on the real value of Bangladesh Bank Bills |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 108 | Deduction of tax from receipts in respect of international phone call |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 109 | Deduction of tax at source from rent |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 110 | Deduction of tax for services from convention hall, conference centre, etc |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 111 | Deduction at source from compensation against acquisition of property |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 112 | Deduction of tax at source from export cash subsidy |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 113 | Deduction of tax from freight forward agency commission |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 114 | Collection of tax on account of purchase of power |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 115 | Deduction of tax from any sum paid by real estate developer to land owner |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 116 | Deduction of tax from commission or remuneration paid to agent of foreign buyer |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 117 | Deduction of tax from dividend |
| PART 7 – PAYMENT OF TAX | Chapter I – Deduction of tax from residents | 118 | Deduction of tax from income received from lotteries, etc |
| PART 7 – PAYMENT OF TAX | Chapter II – Deduction of tax from non-residents | 119 | Deduction or collection of tax from income of non-residents |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 120 | Collection of tax on account of import of goods |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 121 | Collection of tax from export of manpower |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 122 | Collection of tax from clearing and forwarding agents |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 123 | Collection of tax from export proceeds |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 124 | Deduction of tax from any income remitted from abroad in connection with any service, revenue sharing, etc. |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 125 | Collection of tax on transfer, etc. of property |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 126 | Collection of tax from developer or real estate developer |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 127 | Collection of tax from commission paid on government stamps, court fees, cartridge paper |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 128 | Collection of tax from lease of property |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 129 | Collection of tax from cigarette manufacturers |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 130 | Collection of tax from brick manufacturers |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 131 | Collection of tax at the time of issuance or renewal of trade licence |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 132 | Collection of tax from shipping business of a resident |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 133 | Collection of tax on sale through public auction |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 134 | Collection of tax from transfer of shares |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 135 | Collection of tax from transfer of securities |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 136 | Collection of tax from transfer of share of shareholders of Stock Exchanges |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 137 | Collection of tax from members of stock exchange |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 138 | Collection of tax from motor vehicles operated commercially |
| PART 7 – PAYMENT OF TAX | Chapter III – Collection of tax at source | 139 | Collection of tax from inland ships |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 140 | Definition |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 141 | Deduction or collection tax on grossed-up amount without tax |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 142 | General provisions for deduction or collection of tax at source |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 143 | Consequences of failure to deduct, collect, etc |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 144 | Consequences of the issuance of certificate of tax deduction, collection or payment without actual deduction, collection or payment |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 145 | Certificate of deduction, etc. of tax |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 146 | Deposit of tax deducted in favour of the Government |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 147 | Confirmation and verification of deduction or collection of tax at source |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 148 | Power to impose tax without prejudice to other methods |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 149 | Exemption in respect of deduction or collection of tax at source |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 150 | Grant of Credit of tax deducted or collected at source |
| PART 7 – PAYMENT OF TAX | Chapter IV – General matters | 151 | Payment of tax where no deduction is made |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 152 | Collection of advance tax from Cigarette manufacturers |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 153 | Collection of advance tax from 1[***] motor vehicle owners |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 154 | Advance tax payment |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 155 | Amount of advance tax and time of payment thereof |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 156 | Advance payment of tax by new assessee |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 157 | Failure to pay instalments of advance tax |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 158 | Credit of advance tax |
| PART 7 – PAYMENT OF TAX | Chapter V – Advance payment of tax | 159 | Explanation |
| PART 7 – PAYMENT OF TAX | Chapter VI – Interest on advance tax | 160 | Levy of interest for failure to pay advance tax |
| PART 7 – PAYMENT OF TAX | Chapter VI – Interest on advance tax | 161 | Interest payable by Government on excess payment of advance tax |
| PART 7 – PAYMENT OF TAX | Chapter VI – Interest on advance tax | 162 | Interest payable by the assessee on deficiency in payment of advance tax |
| PART 8 – MINIMUM TAX | 163 | Minimum tax | |
| PART 8 – MINIMUM TAX | 164 | 1[Excess or less] tax deducted or collected at source not being basis of minimum tax | |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 165 | Return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 166 | Submission of Return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 167 | Filing of statement of assets and liabilities |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 168 | Furnishing of statement of expenses relating to life style |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 169 | General provisions for filing return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 170 | Filing of return under self-assessment procedure |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 171 | Time for filing return and payment of income-tax |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 172 | Notice of filing return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 173 | Regarding payment of income tax and surcharge on or before the date of filing of return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 174 | Computation of tax in case of filing of return after tax day |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 175 | Special provisions relating to normal return and revised return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 176 | Consequences of filing incomplete return |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 177 | Return of withholding tax |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter I – Return and statement | 178 | Concurrent jurisdiction |
| PART 9 – RETURN, STATEMENT AND RECORDS | Chapter II – Producing information for the purpose of tax assessment | 179 | Production of accounts and documents, etc |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 180 | Self Assessment | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 181 | Return process | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 182 | Audit | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 183 | Assessment of tax by the Deputy Commissioner of Taxes | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 184 | Best judgment Assessment | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 185 | Provisional assessment | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 186 | Audit of the return of withholding tax | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 187 | Assessment of tax of any firm or association of persons | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 188 | Assessment of tax in case of change in the constitution of the firm | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 189 | Assessment in case of constitution of new successor firm | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 190 | Assessment in case of succession to business otherwise than on death | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 191 | Assessment in case of discontinued business | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 192 | Assessment in case of partition of a Hindu undivided family | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 193 | Assessment in the case of persons leaving Bangladesh | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 194 | Assessment in the case of income of a deceased person | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 195 | Spot Assessment | |
| PART 10 – ASSESSMENT OF TAX AND AUDIT | 196 | Bar to question assessment | |
| PART 11 – LIMITATION OF TIME | 197 | Limitation for assessment | |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 198 | Definition |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 199 | Application of the rules for the collection of Information |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 200 | Collection of information |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 201 | Automatic furnishing of information |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 202 | Inspection of business records |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 203 | Investigation of source of income |
| PART 12 – COLLECTION OF INFORMATION | Chapter I – Collection of information by income tax authority | 204 | Inquiry and investigation |
| PART 12 – COLLECTION OF INFORMATION | Chapter II – Survey, searching, and seizure | 205 | Power of Survey |
| PART 12 – COLLECTION OF INFORMATION | Chapter II – Survey, searching, and seizure | 206 | Power of search and seizure |
| PART 12 – COLLECTION OF INFORMATION | Chapter II – Survey, searching, and seizure | 207 | Transfer of records relating to confiscated income to Deputy Commissioner of Taxes |
| PART 12 – COLLECTION OF INFORMATION | Chapter II – Survey, searching, and seizure | 208 | Period of retention of records relating to seized income |
| PART 12 – COLLECTION OF INFORMATION | Chapter II – Survey, searching, and seizure | 209 | Provision of seized assets |
| PART 12 – COLLECTION OF INFORMATION | Chapter II – Survey, searching, and seizure | 210 | Application of Retained Assets |
| PART 12 – COLLECTION OF INFORMATION | Chapter III – Summons for hearing | 211 | Power to take evidence on oath, etc. |
| PART 13 – RECOVERY OF TAX EVASION | 212 | Escaping tax and other payments | |
| PART 13 – RECOVERY OF TAX EVASION | 213 | Power of Inspecting Additional Commissioner to revise the erroneous order | |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 214 | Notice of Demand |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 215 | Direct collection of tax and refund |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 216 | Certificate for recovery of tax |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 217 | Method of recovery by Tax Recovery Officer |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 218 | Power of withdrawal of certificate and stay of proceedings |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 219 | Validity of certificate for recovery not open to dispute |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 220 | Recovery of Tax through Collector of District |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 221 | Other modes of recovery |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter I – Recovery of tax | 222 | Simultaneous measures for tax collection |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter II – Interim attachment or seizure of property | 223 | Interim attachment or seizure of property |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter III – Refund and set off | 224 | Right of refund |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter III – Refund and set off | 225 | Adjustment of the claims and refund |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter III – Refund and set off | 226 | Claim of refund |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter III – Refund and set off | 227 | Claim of refund on behalf of deceased or incapacitated person |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter III – Refund and set off | 228 | No question to be raised as to correctness of assessment of tax, etc. |
| PART 14 – RECOVERY OF ARREAR TAX, SET OFF AND REFUND | Chapter III – Refund and set off | 229 | Refund on the basis of appeal order |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter One – General provisions relating to avoidance of tax | 230 | Definitions |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter I – General provisions relating to prevention of tax avoidance | 231 | Adjustment of tax benefits |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter I – General provisions relating to prevention of tax avoidance | 232 | Procedure for adjustment |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 233 | Definitions |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 234 | Determination of income from international transaction having regard to arm’s length price |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 235 | Computation of arm’s lengths Price |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 236 | Reference to Transfer Pricing Officer |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 237 | Maintenance and keeping of information, documents and records |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 238 | Statement of international transactions to be submitted |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter II – Transfer pricing | 239 | Report from an accountant to be furnished |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter III – Other provisions relating to avoidance of tax | 240 | Avoidance of tax through transactions with non-residents |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter III – Other provisions relating to avoidance of tax | 241 | Avoidance of tax through transfer of assets |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter III – Other provisions relating to avoidance of tax | 242 | Avoidance of tax by transactions in securities |
| PART 15 – PREVENTION OF TAX AVOIDANCE | Chapter III – Other provisions relating to avoidance of tax | 243 | Tax clearance certificate required for persons leaving Bangladesh |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter I – Tax agreement | 244 | Tax agreement |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 245 | Definition |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 246 | Relief in respect of income arising outside Bangladesh |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 247 | Foreign Tax Credit |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 248 | Effect of computation of income on approval of foreign tax adjustment |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 249 | Limitation of claim of foreign tax credit |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 250 | Appeal |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter II – Exemption and foreign tax credit | 251 | Provisions for deduction of tax at source in case of Double Taxation Agreement |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 252 | Liability of representatives in certain cases | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 253 | Persons to be treated as agent | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 254 | Right of representative to recover tax paid | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 255 | Liability of firm or association for unrecoverable tax due from partners or members | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 256 | Liability of partners, etc. for discontinued business of a firm, etc. | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 257 | Liability of directors for unrecoverable tax of private companies | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 258 | Liability of liquidator for tax of private companies under liquidation | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 259 | Liability to tax in case of shipping business of non-resident | |
| PART 17 – AGENCY, REPRESENTATIVE AND RELATED MATTERS | 260 | Liability to tax in case of air transport business of non-residents | |
| PART 18 – REGISTRATION OF ASSESSEE | 261 | Registration of assessee | |
| PART 18 – REGISTRATION OF ASSESSEE | 262 | Cancellation of registration of assessee | |
| PART 18 – REGISTRATION OF ASSESSEE | 263 | Withholder Identification Number (WIN) | |
| PART 18 – REGISTRATION OF ASSESSEE | 264 | Obligation to file proof of submission of return | |
| PART 18 – REGISTRATION OF ASSESSEE | 265 | Displaying proof of submission of return | |
| PART 19 – PENALTY | 266 | Penalty for failure to file return, etc. | |
| PART 19 – PENALTY | 267 | Penalty for not maintaining accounts in the prescribed manner | |
| PART 19 – PENALTY | 268 | Penalty for using fake Tax-payer’s Identification Number (TIN) | |
| PART 19 – PENALTY | 269 | Failure to pay advance tax, etc. | |
| PART 19 – PENALTY | 270 | Penalty for non-compliance with notice | |
| PART 19 – PENALTY | 271 | Failure to pay tax on the basis of return | |
| PART 19 – PENALTY | 272 | Penalty for concealment of income | |
| PART 19 – PENALTY | 273 | Penalty for incorrect or false audit report by chartered accountant | |
| PART 19 – PENALTY | 274 | Penalty for furnishing fake audit report | |
| PART 19 – PENALTY | 275 | Penalty for default in payment of tax | |
| PART 19 – PENALTY | 276 | Penalty for failure to comply with the provisions of section 235 | |
| PART 19 – PENALTY | 277 | Penalty for failure to comply with the provisions of section 236 | |
| PART 19 – PENALTY | 278 | Penalty for failure to comply with the provisions of section 237 | |
| PART 19 – PENALTY | 279 | Penalty for failure to comply with the provisions of section 238 | |
| PART 19 – PENALTY | 280 | Bar to imposition of penalty without hearing | |
| PART 19 – PENALTY | 281 | Previous approval of Inspecting Additional Commissioner of Taxes for imposing penalty | |
| PART 19 – PENALTY | 282 | Orders of penalty to be sent to Deputy Commissioner of Taxes | |
| PART 19 – PENALTY | 283 | Penalty to be without prejudice to other liability | |
| PART 19 – PENALTY | 284 | Revision of penalty based on the revised amount of income | |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter I – Revision | 285 | Revisional power of Commissioner |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 286 | Appeal to appellate income tax authority |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 287 | Form, procedure and time limit of filling appeal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 288 | Procedure to be followed in disposal of appeals |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 289 | Decision in appeal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 290 | Appeal against order of Tax Recovery Officer |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 291 | Appeal to the Appellate Tribunal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 292 | Disposal of appeal by the Appellate Tribunal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 293 | Reference to the High Court Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 294 | Decision of the High Court Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter II – Appeal and reference | 295 | Appeal to the Appellate Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 296 | Definition |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 297 | Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 298 | Application for Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 299 | Commissioner’s Representative |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 300 | Facilitator in Alternative Dispute Resolution process |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 301 | Rights and duties of the assessee for Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 302 | Procedures of disposal by the Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 303 | Stay of proceeding in case of pending appeal or reference at Appellate Tribunal or High Court Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 304 | Decision of the Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 305 | Effects of agreement |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 306 | Limitation for appeal where agreement is not concluded |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 307 | Post verification of the agreement |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter III – Alternative dispute resolution | 308 | Bar on suit or prosecution |
| PART 21 – PROTECTION OF INFORMATION | 309 | Statement, returns, etc., to be confidential | |
| PART 22 – OFFENCES AND PROSECUTION | 310 | The provisions of this Part shall be consistent with other provisions | |
| PART 22 – OFFENCES AND PROSECUTION | 311 | Punishment for not providing information and non-compliance of certain obligations | |
| PART 22 – OFFENCES AND PROSECUTION | 312 | Punishment for attempt to evade tax | |
| PART 22 – OFFENCES AND PROSECUTION | 313 | Penalty for false statement proved subject to verification | |
| PART 22 – OFFENCES AND PROSECUTION | 314 | Punishment for false certificate | |
| PART 22 – OFFENCES AND PROSECUTION | 315 | Penalty for failure to deduct or collect tax at source and deposit the same in the Government treasury | |
| PART 22 – OFFENCES AND PROSECUTION | 316 | Punishment for furnishing false audited statement subject to verification | |
| PART 22 – OFFENCES AND PROSECUTION | 317 | Punishment for improper use of Taxpayer’s Identification Number | |
| PART 22 – OFFENCES AND PROSECUTION | 318 | Punishment for obstructing an income tax authority | |
| PART 22 – OFFENCES AND PROSECUTION | 319 | Punishment for disposal of property to prevent attachment | |
| PART 22 – OFFENCES AND PROSECUTION | 320 | Penalty for non-compliance with sub-section (7) of section 211 | |
| PART 22 – OFFENCES AND PROSECUTION | 321 | Punishment for abetment | |
| PART 22 – OFFENCES AND PROSECUTION | 322 | Punishment for disclosure of protected information | |
| PART 22 – OFFENCES AND PROSECUTION | 323 | Commission of offence by any company, firm or association of persons | |
| PART 22 – OFFENCES AND PROSECUTION | 324 | Sanction for prosecution | |
| PART 22 – OFFENCES AND PROSECUTION | 325 | Power to compound offences | |
| PART 22 – OFFENCES AND PROSECUTION | 326 | Trial by Special Judge | |
| PART 23 – AUTHORISED REPRESENTATIVE | 327 | Authorized representative for appearance | |
| PART 24 – ELECTRONIC TAX MANAGEMENT | 328 | Electronic Tax Management | |
| PART 25 – MISCELLANEOUS | 329 | Assistance to income tax authorities | |
| PART 25 – MISCELLANEOUS | 330 | Correction of errors | |
| PART 25 – MISCELLANEOUS | 331 | Tax to be calculated to nearest Taka | |
| PART 25 – MISCELLANEOUS | 332 | Receipts to be given for money paid or recovered | |
| PART 25 – MISCELLANEOUS | 333 | Computation of the period of limitation | |
| PART 25 – MISCELLANEOUS | 334 | Power to extend period or condone limitation | |
| PART 25 – MISCELLANEOUS | 335 | Service of notice | |
| PART 25 – MISCELLANEOUS | 336 | Certain errors not to vitiate assessment, etc. | |
| PART 25 – MISCELLANEOUS | 337 | Proceeding against companies under liquidation | |
| PART 25 – MISCELLANEOUS | 338 | Indemnity | |
| PART 25 – MISCELLANEOUS | 339 | Implementation of pending legal provisions for taxation | |
| PART 25 – MISCELLANEOUS | 340 | Reward to officers and employees | |
| PART 25 – MISCELLANEOUS | 341 | Power to amend schedule | |
| PART 25 – MISCELLANEOUS | 342 | Removal of difficulty | |
| PART 25 – MISCELLANEOUS | 343 | Power to make rules | |
| PART 25 – MISCELLANEOUS | 344 | Repeal and saving | |
| PART 25 – MISCELLANEOUS | 345 | Publication of Text translated in English |
Income Tax Act 2023 English – Reference / Source:
- Govt. Gazette on Income Tax Act 2023 (Bangla Version);
- Govt. Gazette on Income Tax Act 2023 (English Version);
- Income Tax Schedules;