Print View

[Section Index]

The Income-tax Ordinance, 1984

( Ordinance NO. XXXVI OF 1984 )

[ 4th June, 1984 ]

Chapter VII

PAYMENT OF TAX BEFORE ASSESSMENT

Collection of tax from persons engaged in real estate or land development business
1[53FF. Any person responsible for registering any document for transfer of any land or building or apartment, under the provision of Registration Act 1908 (XVI of 1908), shall not register the document unless tax is paid at the following rate by the transferrer who is engaged in real estate or land development business,-
 
 
 
2[(a) in case of building or apartment3[,constructed for residential purposes,] situated-
 
4[(i) at Gulshan Model Town, Banani, Baridhara, Motijeel Commercial Area and Dilkusha Commercial Area of Dhaka, taka 5[one thousand and six hundred] per square metre;
 
(ii) at Dhanmondi Residential Area, Defense Officers Housing Society (DOHS), Mahakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment Area, Karwan Bazar Commercial Area of Dhaka and Panchlaish Residential Area, Khulshi Resindential Area, Agrabad and Nasirabad of Chittagong, taka 6[one thousand and five hundred] per square metre;
 
7[(iii) in areas other than the areas mentioned in sub-clauses (i) and (ii)-
 
A. if the area is within Dhaka South City Corporation, Dhaka North City Corporation and Chittagong City Corporation, taka one thousand per square metre;
 
B. if the area is within any other city corporation, taka seven hundred per square metre;
 
C. any other area, taka three hundred per square metre:
 
Provided that the rate of source tax under clause (a) in respect of a residential apartment shall be twenty percent (20%) lower if the size of the apartment, including common space, is not more than seventy square metre, and forty percent (40%) lower if the size of the apartment, including common space, is not more than sixty square metre.]
 
8[(aa) in case of building or apartment or any space thereof, constructed not for the residential purposes, situated-
 
(i) in areas mentioned under sub-clause (i) of clause (a), taka 9[six thousand and five hundred] per square metre;
 
(ii) in areas mentioned under sub-clause (ii) of clause (a), taka 10[five thousand] per square metre;
 
11[(iii) in areas other than the areas mentioned in sub-clauses (i) and (ii)-
 
A. if the area is within Dhaka South City Corporation, Dhaka North City Corporation and Chittagong City Corporation, taka three thousand and five hundred per square metre;
 
B. if the area is within any other city corporation, taka two thousand and five hundred per square metre;
 
C. any other area, taka one thousand and two hundred per square metre.]
 
12[(b) in case of land to which the document relates and on which stamp duty is chargeable under the Stamp Act, 1899 (Act No. II of 1899) at the rate of-
 
(i) five percent for Dhaka, Gazipur, Narayanganj, Munshiganj,Manikganj, Narsingdi and Chittagong districts;
 
(ii) three percent for any other district.]
 
  • 1
    Section 53FF was inserted by section 26 of অর্থ আইন, ২০০৫ (২০০৫ সনের ১৬ নং আইন)
  • 2
    Clause (a) was substituted by section 47 of the Finance Act,2010(Act No.XXXIII of 2010).
  • 3
    The words and commas ", constructed for residential purposes," were inserted after the words "in case of building or apartment" by section 36 (a) of the Finance Act, 2011 (Act No. XII of 2011).
  • 4
    Sub-clause (i), (ii) and (iii) were substituted for Sub-clause (i) and (ii) by section 36 (a) of the Finance Act, 2011 (Act No. XII of 2011).
  • 5
    The words ” one thousand and six hundred” were substituted for the words “two thousand” by section 23(a)(i) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
  • 6
    The words ” one thousand and five hundred” were substituted for the words “one thousand and eight hundred” by section 23(a)(ii) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
  • 7
    Sub-clause (iii) was substituted by section 38(a) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
  • 8
    Clause (aa) was added by section 36 (b) of the Finance Act, 2011 (Act No. XII of 2011) .
  • 9
    The words ”six thousand and five hundred” were substituted for the words “eight thousand” by section 23(b)(i) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
  • 10
    The words ”five thousand” were substituted for the words “six thousand” by section 23(b)(ii) of the Finance Act, 2013 (Act No. XXV of 2013) (with effect from 1st July, 2013).
  • 11
    Sub-clause (iii) was substituted by section 38 (b) of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন).
  • 12
    Clause (b) was substituted by section 35 of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs