Print View

[Section Index]

The Finance Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 77 Of 1972 )

Amendment of the East Pakistan Urban Immovable Property Tax Act, 1957 (XI or 1957)
20. In the East Pakistan Urban Immovable Property Tax Act, 1957 (XI of 1957)-
 
 
(1) Sub-section (2) of section 3 of the East Pakistan Urban Immovable Property Tax Act, 1957 (XI of 1957), shall be deleted and sub-section (1) of that section shall be renumbered as section 3.
 
 
(2) in section 6, after clause (e), the following shall be inserted as clause (f), namely:-
 
 
“(f) Power houses and lands on which they are situate vesting in or belonging to the Bangladesh Water and Power Development Authority;”
 
 
(3) the existing clauses “(f)” and “(g)” shall be renumbered as clauses “(g)” and “(h)” respectively;
 
 
(4) in section 6, in clause (h) as so renumbered for the word and figures “Rs. 1,000” the word and figures “Taka 1,500” shall be substituted;
 
 
(5) After section 6, the following new section 6A shall be inserted, namely:-
 
 
“6A. General Power of Exemption-The Government may, by notification in the official Gazette, exempt, either wholly or in part, from the payment of any tax imposed under the Act, any person or class of persons or any property or class of property”; and
 
 
(6) For the Schedule to the Act, the following shall be substituted, namely:-

“THE SCHEDULE
[Vide Section 3]

 
   

 

Rate of tax

(a)     On the first Taka 1,000 of the annual value.

Nil.

(b)     On the next Taka 2,000 of the annual value.

3 per centum.

(c)     On the next Taka 2,000 of the annual value.

5 per centum.

(d)     On the next Taka 3,000 of the annual value.

7½ per centum.

(e)     On the balance of the total annual value.

10 per centum.”

 


Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs