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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 of tax from advertising bill of newspaper or magazine or private television channel 1[or private radio station, 2[etc]].
3[53K.The Government or any authority, corporation or body, including its units, the activities or the principal activities of which are authorised by any Act, Ordinance, Order or any other Instrument having the force of law in Bangladesh or any company as defined in clause (20) of section (2) or any banking company or any insurance company or any co-operative bank established by or under any law for the time being in force or any non-government organization registered with NGO Affairs Bureau or any university or medical college or dental college or engineering college responsible for making any payment to newspaper or magazine or private television channel 4[or 5[private radio station or any web site 6[or any person on account of advertisement or] of purchasing airtime of private television channel or radio station or such web site], shall deduct tax in advance at the time of such payment at the rate of 7[four per cent (4%)].]
  • 1
    The words “or private radio station” were inserted after the words “private television channel” by section 38(a) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
  • 2
    The comma and word “, etc.” were inserted after the words “private radio station” by section 32(a) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
  • 3
    Section (53k) was inserted by section 20 of the Finance Act,2009(Act No.X of 2009)(with effect from 1st July 2008).
  • 4
    The words “or private radio station” were inserted after the words “private television channel” by section 38(b) of the Finance Act, 2012 (Act No. XXVI of 2012) (with effect from 1st July, 2012).
  • 5
    The words “private radio station or any web site on account of advertisement of purchasing airtime of private television channel or radio station or such web site” were substituted for the words “private radio station on account of advertisement of purchasing airtime of private television channel or radio station” by section 32(b) of the Finance Act, 2014 (Act No. IV of 2014) (with effect from 1st July, 2014).
  • 6
    The words “or any person on account of advertisement or” were substituted for the words “on account of advertisement of ” by section 41(a) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
  • 7
    The words, figure, symbol and brackets “ four per cent (4%)” were substituted for the words “ three per cent ” by section 41(b) of অর্থ আইন, ২০১৫ (২০১৫ সনের ১০ নং আইন) (with effect from 1st July 2015).
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