Amendment of Act XI of 1957
8. The following amendments shall be made in the Urban Immovable Property Tax Act, 1957 (E.P. Act XI of 1957),
(1) for section 8 the following shall be substituted, namely:-
“8. Penalty for default in payment of tax- If any person, on being served with a notice of demand for the payment of the Urban Immovable Property Tax in the manner provided in section 7, wilfully fails to pay, within the period mentioned in the notice, the tax due, such tax and a sum, by way of penalty, not exceeding the tax remaining unpaid shall be recoverable from the assessee as a public demand.”.
(2) for the Schedule the following shall be substituted, namely:-
“THE SCHEDULE |
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(See section 3 ) |
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Rates of Tax |
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1. |
In all cases of holdings with annual value not exceeding Taka six thousand. |
Nil. |
2. |
In other cases- |
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(a) not being self-occupied holdings. |
4% of the annual value. |
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(b) self-occupied holdings. |
2% of the annual value. |
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Provided that in case the holding (not being a self-occupied holding) remains vacant for at least sixty days, the assessee shall be entitled to a remission to the extent of three-fourths of the amount due on account of such period.”. |
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Ministry of Law, Justice and Parliamentary Affairs