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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 rental value of 1[water body or] vacant land or plant or machinery.

2[53J.  (1) Where any payment is to be made by a specified person to a resident on account of renting 3[water body not being government property] or using any vacant land or plant or machinery, shall deduct tax at the rate of five per cent from the whole amount of the payment at the time of making such payment to the payee.

 (2) In this section-

(a) “specified person” shall have the same meaning as in clause (a) of sub-section (2) of section 52;

                       (b)  “payment” shall have the same meaning as in clause (d) of sub-section (2) of section 52.]

  • 1
    The words “water body or” were inserted after the words “rental value of” by section 30(a) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
  • 2
    Section 53J was substituted by section 32 of অর্থ আইন, ২০১৯ (২০১৯ সনের ১০ নং আইন).
  • 3
    The words “water body not being government property” were inserted after the words “on accounting of renting” by section 30(b) of অর্থ আইন, ২০২২ (২০২২ সনের ১৩ নং আইন) (With effect from 1st July 2022).
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