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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 from income from lottery, etc.
55. The person responsible for paying any amount on account of winnings referred to in section 19(13) shall, at the time of making such payment, deduct tax 1[payable on the amount at the rate of twenty per cent].
 
 
Explanation.-For the purpose of this section, the expression “any amount” means the value of any goods or assets where the payment on account of such winnings is made not in the form of cash but in the from of goods or other assets.
  • 1
    The words “payable on the amount at the rate of twenty-five per cent” were substituted for the words, figure, brackets and letter “payable on the amount at the rates specified in paragraph 3(b) of the Second Schedule” by section 6 of অর্থ আইন, ১৯৯৪ (১৯৯৪ সনের ১১ নং আইন)
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