The First Schedule - Special Tax Rate [ See Section 24 ]
Part 3 - Disclosure of undisclosed asset
(as updated till Finance Act 2024)
1[ Special treatment in respect of disclosure of undisclosed asset
(1) Notwithstanding anything contained in the Income-tax Act, 2023 or any other law, no statutory government authority including the income-tax authority shall raise any question as to the source of acquisition of any asset by a person, if such person shows in between July 1, 2024 and June 30, 2025 (both days inclusive) the undisclosed asset in the return of assessment year 2024-2025 with the payment of tax at the rates specified in the following tables before the submission of return or revised return of assessment year 2024-2025, namely:
Table
| Serial No. | Location | Tax rate of building, house, flat, apartment or floor space | Tax rate of land |
| (1) | (2) | (3) | (4) |
| 1. | All moujas under Gulshan thana, Banani thana, Motijheel thana, Tejgaon thana, Dhanmondi thana, Wari thana, Tejgaon industrial area thana, Shahbag thana, Ramna thana, Paltan thana, Kafrul thana, New Market thana and Kalabagan thana of Dhaka district | Taka 6000 (six thousand) per square metre | Taka 15000 (fifteen thousand) per square metre |
| 2. | All moujas under Bangshal thana, Mohammadpur thana, Sutrapur thana, Jatrabari thana, Uttara model thana, Cantonment thana, Chawkbazar thana, Kotwali thana, Lalbag thana, Khilgaon, Shyampur thana, Shahjahanpur thana, Mirpur model thana, Darus Salam thana, Dakshinkhan thana, Uttarkhan thana, Turag thana, Shah Ali thana, Sabujbag thana, Kadamtali thana, Kamrangir char thana, Hazaribag thana, Demra thana, Adabor thana, Gendaria thana, Khilkhet thana, Bimanbandar thana, Uttara west thana, Mugda thana, Rupnagar thana, Bhashantek thana, Badda thana, Pallabi thana and Vatara thana of Dhaka district; all moujas under Khulshi thana, Panchlaish thana, Pahartoli thana, Halishahar thana and Kotwali thana of Chattogram district; all moujas under Sadar thana, Sonargaon thana, Fatulla thana, Siddhirganj thana and Bandar thana of Narayanganj District, and all moujas under Sadar thana of Gazipur District | Taka 3500 (three thousand and five hundred) per square metre | Taka 10000 (ten thousand) per square metre |
| 3. | All moujas under Dohar, Nababganj, Keraniganj, Savar and Dhamrai upazilla of Dhaka district; all moujas under Akbar Shah thana, EPZ thana, Karnaphuli thana, Chawkbazar thana, Chandgaon thana, Doublemooring thana, Patenga thana, Bandar thana, Bakalia thana, Bayezid Bostami thana and Sadarghat thana of Chattogram district; all moujas under Joydebpur thana, Kaliganj thana, Bason thana, Konabari thana, Gacha thana, Tongi East thana and Tongi West thana of Gazipur district, and all moujas under Rupganj thana and Araihajar upazila of Narayanganj district | Taka 1500 (one thousand and five hundred) per square metre | Taka 3000 (three thousand) per square metre |
| 4. | Not belonging to serial no. 1 to 3 but all moujas under city corporations other than Dhaka South City Corporation, Dhaka North City Corporation, Chattogram City Corporation, Narayanganj City Corporation and Gazipur City Corporation, and any other development authorities and all pouroshavas of district sadar | Taka 1000 (one thousand) per square metre | Taka 2000 (two thousand) per square metre |
| 5. | All moujas under any other pouroshavas not belonging to serial no. 1 to 4 | Taka 850 (eight hundred and fifty) per square metre | Taka 1000 (one thousand) per square metre |
| 6. | All moujas under any other areas not belonging to serial no. 1-5 | Taka 500 (five hundred) per square metre | Taka 300 (three hundred) per square metre ] |
2[***]
(2) In respect of payment of tax under this paragraph–
(a) undisclosed asset in respect of income year 2022-23 and income years preceding to it could be disclosed;
(b) the asset shall be disclosed in the wealth statement of return or, in applicable case, in the statement of assets and liabilities or balance sheet furnished with the return filed for the assessment year 2024-25;
(c) the tax rate mentioned in column (3) of table-1 shall be 100% (one hundred) percent higher if such building, house or floor space is constructed for commercial purpose;
(d) tax paid under this paragraph shall be deducted, in applicable cases, from the net wealth in the assessment year 2025-2026;
(e) applicable tax shall be paid separately for building and land in case of building, house, flat or apartment;
(f) tax payable shall be paid only through a-challan;
(g) no penalty or surcharge or any other amount or tax computed under section 174 shall not be payable other than the tax computed in accordance with table-1 3[***] against the disclosed asset;
(h) any subsequent depreciation or amortization under the third schedule of this Act shall not be claimed against the asset if such asset under table-1 of clause (1) is disclosed.
(3) No tax shall be payable under this paragraph in the following cases, namely:-
(a) any proceedings relating to tax evasion under this Act is in progress; or
(b) any proceeding under section 200 of this Act has been initiated and is in progress; or
(b) any criminal proceeding under any Act including this Act is in progress. ]
1 Part 3 were inserted by section 82(c) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
2 Table 2 was omitted by S.R.O. No. 303-Law/Income-tax-46/2024, Dated September 02, 2024.
3 The word, mark and figure were omitted by S.R.O. No. 303-Law/Income-tax-46/2024, Dated September 02, 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.