Income Tax Act 2023
The First Schedule - Special Tax Rate [ See Section 24 ]
Part 1 - Special tax treatment in respect of investment
(as updated till Finance Act 2024)
(1) Special tax treatment in respect of investment in building or apartment.
(1) source of any sum invested by any natural person, in the construction or purchase of any building or apartment shall be deemed to have been explained if the assessee pays, before the assessment for the relevant assessment year in which the investment is completed, tax at the rate mentioned in the following table:
Table
| Sl No. | Description of Property | Tax rate |
| (1) | (2) | (3) |
| 1. | Building or apartment the plinth area of which does not exceed 200 (two hundred) square meters for areas of Gulshan Model Town, Banani, Baridhara, Motijheel Commercial Area and Dilkusha Commercial Area of Dhaka. | Taka 4000 (four thousand) per square meter |
| 2. | Building or apartment the plinth area of which exceeds 200 (two hundred) square meters for areas of Gulshan Model Town, Banani, Baridhara, Motijheel Commercial Area and Dilkusha Commercial Area of Dhaka. | Taka 6000 (Six thousand) per square meter |
| 3. | Building or apartment the plinth area of which does not exceed 200 (two hundred) square meter for areas of Dhanmondi Residential Area, Defence Officers Housing Society (DOHS), Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment, Kawran Bazar, Bijaynagar, Segunbagicha, Nikunja of Dhaka, and Panchlaish, Khulshi, Agrabad and Nasirabad Area of Chattogram. | Taka 3000 (three thousand) per square meter |
| 4. | Building or apartment the plinth area of which exceed 200 (two hundred) square meter for areas of Dhanmondi Residential Area, Defence Officers Housing Society (DOHS), Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment, Shiddheshwari, Kawran Bazar, Banasree, Bijaynagar, Segunbagicha, Nikunja of Dhaka, and Panchlaish, Khulshi, Agrabad and Nasirabad Area of Chattogram. | Taka 3000 (three thousand) and 500 (five hundred) per square meter |
| 5. | Building or apartment the plinth area of which does not exceed 120 (one hundred and twenty) square meters for areas of City corporation other than the area mentioned in Sl No. 1, 2, 3, 4 | Taka 800 (eight hundred) per square meter |
| 6. | Building or apartment the plinth area of which exceeds one hundred and twenty square meters but does not exceed 200 (two hundred) square meters for areas of City corporation other than the area mentioned in Sl no. 1,2,3,4 | Taka 1000 (one thousand) per square meter |
| 7. | Building or apartment the plinth area of which exceeds 220 (two hundred and twenty) square meters for areas of City corporation other than the area mentioned in Sl No. 1, 2, 3 and 4 | Taka 1500 (one thousand and five hundred) per square meter |
| 8. | Building or apartment the plinth area of which does not exceed 120 (one hundred and twenty) square meters for areas of a Pourasabha of any district headquarters. | Taka 300 (three hundred) per square meter |
| 9. | Building or apartment the plinth area of which exceeds 120 (one hundred and twenty) square meters but does not exceed 200 (two hundred) square meters for areas of a Pourasabha of any district headquarters. | Taka 500 (five hundred) per square meter |
| 10. | Building or apartment the plinth area of which exceeds 200 (two hundred) square meters for areas of a Pourasabha of any district headquarters. | Taka 800 (eight hundred) per square meter |
| 11. | Building or apartment the plinth area of which does not exceed 120 (one hundred and twenty) square meters for areas other than the area mentioned in Sl No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 | Taka 200 (two hundred) per square meter |
| 12. | For building or apartment the plinth area of which exceeds 120 (one hundred and twenty) square meters but does not exceed 200 (two hundred) square meters for areas other than the area mentioned in Sl No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 | Taka 300 (three hundred) per square meter |
| 13. | Building or apartment the plinth area of which exceeds 200 (two hundred) square meters for areas other than the area mentioned in Sl No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 | Taka 500 (five hundred) per square meter |
(2) The rate of tax mentioned in sub-paragraph (1) shall be 20% (twenty percent) higher in case where the assessee already owns a building or an apartment in any City Corporation before such investment is completed, or the assessee makes such investment in two or more buildings or apartments.
1[(2A) The rate of tax mentioned in sub-section (1) shall be 100% (one hundred percent) higher in case where the building, house or floor space has been constructed for commercial purpose.]
(3) The rate of tax mentioned in sub-paragraph (1) shall be 2[150% (one hundred fifty percent)] higher in case, where—
(a) a notice under section 212 has been issued before submission of such return of income for the reason that any income, asset or expenditure has been concealed or any income or a part thereof has escaped payment of tax;
(b) a notice under section 3[172] has been issued before submission of such return of income;
(c) any proceeding under sections 311-313 has been initiated before submission of such return of income 4[;
(d) any proceeding under section 200 of this Act has been initiated and is in progress; or
(e) any proceeding relating to tax evasion under this Act is in progress. ]
(4) The provisions in this part shall not apply where the source of such investment, made by the assessee for the construction or purchase of such building or apartment, is—
(a) derived from any criminal activities under any other law for the time being in force; or
(b) not derived from any legitimate source.
(2) 5[***]
1 Sub-paragraph (2a) was inserted by section 82(a)(i) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
2 The figures, marks, brackets and words “150% (one hundred fifty percent)” were substituted for the figure, marks, brackets and words “100% (one hundred percent)” by section 82(a)(ii)(1) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
3 The figure “172” was substituted for the figure “171” by section 82(a)(ii)(2) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
4 Semi-colon “;” was substituted for full-stop “.” and new clause (d) and (e) were inserted by section 82(a)(ii)(3) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
5 Paragraph 2 was omitted by section 82(b) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.