68B. (1) Every person owning a private motor car shall be deemed to have an income by which the motor car is maintained and shall pay advance income tax to be collected at the rate and in the manner as mentioned in sub-section (2).

(2) Subject to the provision of sub-section (3), the authority responsible for the registration and fitness renewal of motor car shall collect, on or before the date of registration or fitness renewal of the motor car, advance tax at the following rate-

¹[Table

Provided that the rate of tax shall be fifty percent (50%) higher for each additional motor car if the owner has two or more motor cars in his name or in joint names with other person or persons.

²[(2A) In case of registration or fitness renewal of motor car for more than one year, advance tax under sub-section (2) shall be collected on or before 30th June in every subsequent year or years following the year in which registration or fitness renewal of motor car has been done.

(2B) Where any person fails to pay advance tax in accordance with sub-section (2A), the amount of advance tax payable shall be calculated following A+B formula, where-

A = the amount of advance tax not paid in the previous year or years; and

B = the amount of advance tax payable under sub-section (2) for the year in which an assessee is making the payment.]

(3) Advance tax under sub-section (2) shall not be collected if the motor car is owned by-

(i) the government and the local government;

(ii) a project, programme or activity under the government and the local government;

(iii) a foreign diplomat, a diplomatic mission in Bangladesh, United Nations and its offices;

(iv) a development partner of Bangladesh and its affiliated office or offices;

(v) an educational institution under the Monthly Payment Order of the Government;

(vi) a public university;

(vii) any entity that is not a person as defined under clause (46) of section (2) of this Ordinance;

(viii) a gazetted war-wounded freedom fighter; or

(ix) an institution that has obtained a certificate from the Board that advance tax shall not be collected from it.

(4) Where a person pays advance tax under sub-section (2), and the income from regular sources of the person results in a tax liability less than the said advance tax, the income of such person shall be deemed to be the amount that results a tax liability equal to the said advance tax.

(5) The advance tax paid under sub-section (2) shall not be refundable.

(6) In this section-

³[a) “motor car” includes a jeep or a microbus but does not include a motor vehicle mentioned in section 53Q and a motor cycle.]

(b) income from regular sources means income from any source other than the sources mentioned in sub-section (2) of section 82C.]