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The Income-tax Ordinance, 1984

( Ordinance NO. XXXVI OF 1984 )

[ 4th June, 1984 ]

Chapter VII

PAYMENT OF TAX BEFORE ASSESSMENT

Deduction at source from compensation against acquisition of property

1[52C.- Any person, responsible for paying any amount of compensation against acquisition by the Government of any immovable property shall, at the time of paying such compensation deduct advance tax at the rate of,-

 

(a) 2[six] per cent of the amount of such compensation where the immovable property is situated in any city corporation, paurashava or cantonment board;

 

(b) 3[three] per cent of the amount of such compensation where the immovable property is situated outside any city corporation, paurashava or cantonment board.]

 
  • 1
    Sub-section 52C was substituted by section 37 of the Finance Act,2010(Act No.XXXIII of 2010).
  • 2
    The word “six” was substituted for the word “two” by section 31(a) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
  • 3
    The word “three” was substituted for the word “one” by section 31(b) of অর্থ আইন, ২০২০ (২০২০ সনের ৯ নং আইন)।
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