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The Bangladesh Small and Cottage Industries Corporation Act, 1957

( ACT NO. XVII OF 1957 )

Provision relating to income-tax and super-tax
43. For the purposes of the 1[Income-tax Ordinance, 1984 (XXXVI of 1984)], the Corporation shall be deemed to be a company within the meaning of that Act, and shall be liable to income-tax and super-tax accordingly on its income, profits and gains:
Provided that any sum paid by the Government under the guarantee given in pursuance of section 5 or under any guarantee given in pursuance of sub-section (2) of section 22 shall not be treated as part of the income, profits and gains of the Corporation, and any interest on debentures or bonds paid by the Corporation out of such sum shall not be treated as expenditure incurred by it.

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