Print View

[Section Index]

The Finance Act, 1980

( ACT NO. XXIII OF 1980 )

Amendment of E.P. Act X1 of 1957
9. In the Urban Immovable Property Tax Act, 1957 (XI of 1957),-
(1) for sections 4 and 5 the following, shall be substituted-
“4. Annual value of holding. The Annual value of a holding shall mean, in municipal areas, gross annual rental at which the holding may reasonably be expected to let, and in areas notified under sub section (2) of section 1, the annual value of the holding as may be determined in the prescribed manner.
Explanation. In determining the gross annual rental at which a holding may be expected to let, regard may be had to the rents of holdings in the vicinity, of like size and amenities.
5. Revision or alteration of annual value of holding.- When the annual value of a holding in respect of areas, other than municipal areas, is revised or altered in the prescribed manner, the annual value of that holding shall be deemed to have been revised or altered under this Act accordingly, and the Urban Immovable Property Tax on such holding shall be imposed on the basis of the revised or altered annual value thereon.”
(2) in section 7, sub section (2) shall be omitted;
(3) for the Schedule the following shall be substituted, namely:-

(Vide section 3)



Rate of tax



1.   In all cases of holdings with annual value not exceeding Taka six thousand


2.   Other cases


(a)    not being self-occupied holdings.

5% of the annual value.

(b)    self-occupied holdings 3% of the annual value



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