Income Tax Act 2023 in English
Income Tax Act 2023 in English - Table of contents
| Part | Chaper | Section | Title of the Section |
|---|---|---|---|
| PART 1 – PRELIMINARY | 1 | Short title and commencement | |
| PART 1 – PRELIMINARY | 2 | Definitions | |
| PART 1 – PRELIMINARY | 3 | The Act to prevail | |
| PART 2 – TAXES ADMINISTRATION | 4 | Income-tax authorities | |
| PART 2 – TAXES ADMINISTRATION | 5 | Appointment of income-tax authorities | |
| PART 2 – TAXES ADMINISTRATION | 6 | Delegation of powers | |
| PART 2 – TAXES ADMINISTRATION | 7 | Subordination and control of income-tax authorities | |
| PART 2 – TAXES ADMINISTRATION | 8 | Jurisdiction of income-tax authorities | |
| PART 2 – TAXES ADMINISTRATION | 9 | Exercise of jurisdiction by successor | |
| PART 2 – TAXES ADMINISTRATION | 10 | Follow the instructions of the Board | |
| PART 2 – TAXES ADMINISTRATION | 11 | Guidance to the Deputy Commissioner of Taxes, etc. | |
| PART 2 – TAXES ADMINISTRATION | 12 | Exercise of assessment functions by the Inspecting Additional Commissioners | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 13 | Establishment of Appellate Tribunal | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 14 | Exercise of power of the Tribunal by Benches | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 15 | Decision of Bench | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 16 | Exercise of power by one member | |
| PART 3 – TAXES APPELLATE TRIBUNAL | 17 | Regulation of procedure | |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 18 | Charge of income-tax |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 19 | Charge of additional tax |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 20 | Charge of tax on the difference of import, export and investment |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 21 | Penalty for any offshore asset not disclosed in the return |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 22 | Charge of tax on retained earnings, reserves, surplus etc. |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 23 | Charge of tax on stock dividend |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 24 | Voluntary disclosure of investment or income, etc by paying special taxes |
| PART 4 – CHARGE OF INCOME TAX | Chapter One – Basis to charge of income tax | 25 | Special provisions for computation of income |
| PART 4 – CHARGE OF INCOME TAX | Chapter Two – Scope of income | 26 | Scope of the total income |
| PART 4 – CHARGE OF INCOME TAX | Chapter Two – Scope of income | 27 | Income deemed to accrue or arise in Bangladesh |
| PART 4 – CHARGE OF INCOME TAX | Chapter Two – Scope of income | 28 | Same income will not be included twice in the scope of total income |
| PART 5 – COMPUTATION OF INCOME | Chapter One – Total income | 29 | Computation of total income |
| PART 5 – COMPUTATION OF INCOME | Chapter One – Total income | 30 | Heads of income |
| PART 5 – COMPUTATION OF INCOME | Chapter One – Total income | 31 | Accumulation of income |
| PART 5 – COMPUTATION OF INCOME | Chapter Two – Income from salary | 32 | Income from salary |
| PART 5 – COMPUTATION OF INCOME | Chapter Two – Income from salary | 33 | Determination of financial value of perquisites, allowances and benefits |
| PART 5 – COMPUTATION OF INCOME | Chapter Two – Income from salary | 34 | Determination of income earned from employee share schemes |
| PART 5 – COMPUTATION OF INCOME | Chapter Three – Income from house property | 35 | Definitions |
| PART 5 – COMPUTATION OF INCOME | Chapter Three – Income from house property | 36 | Income from house property |
| PART 5 – COMPUTATION OF INCOME | Chapter Three – Income from house property | 37 | Computation of total rent value |
| PART 5 – COMPUTATION OF INCOME | Chapter Three – Income from house property | 38 | Allowable deductions in computing income from house property |
| PART 5 – COMPUTATION OF INCOME | Chapter Three – Income from house property | 39 | Limitation in allowing expenses |
| PART 5 – COMPUTATION OF INCOME | Chapter Four – Income from agriculture | 40 | Income from agriculture |
| PART 5 – COMPUTATION OF INCOME | Chapter Four – Income from agriculture | 41 | Special agricultural income |
| PART 5 – COMPUTATION OF INCOME | Chapter Four – Income from agriculture | 42 | Allowable general deductions in computing income from agriculture head |
| PART 5 – COMPUTATION OF INCOME | Chapter Four – Income from agriculture | 43 | Computation of special deductions in case of not maintaining books of accounts |
| PART 5 – COMPUTATION OF INCOME | Chapter Four – Income from agriculture | 44 | Deductions will not be allowed in certain cases |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 45 | Income from business |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 46 | Special areas of income from business |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 47 | Profit computation of some businesses |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 48 | Consideration of speculative business separately |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 49 | Allowable general deductions in computing income from business |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 50 | Allowable special deductions in computing income from business |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 51 | Approval of bad debt |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 52 | Computation of special deductions of interest or profit |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 53 | Computation of special deductions of interest or profit |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 54 | General conditions of allowable deductions |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 55 | Deduction not admissible in certain circumstances |
| PART 5 – COMPUTATION OF INCOME | Chapter Five – Income from business | 56 | Computation of special business income |
| PART 5 – COMPUTATION OF INCOME | Chapter Six – Capital gain | 57 | Capital gain |
| PART 5 – COMPUTATION OF INCOME | Chapter Six – Capital gain | 58 | Computation of capital gain |
| PART 5 – COMPUTATION OF INCOME | Chapter Six – Capital gain | 59 | Time of computation |
| PART 5 – COMPUTATION OF INCOME | Chapter Six – Capital gain | 60 | Limitation in allowing deductions |
| PART 5 – COMPUTATION OF INCOME | Chapter Six – Capital gain | 61 | Other factors in determining capital income |
| PART 5 – COMPUTATION OF INCOME | Chapter Seven – Income from financial assets | 62 | Income from financial assets |
| PART 5 – COMPUTATION OF INCOME | Chapter Seven – Income from financial assets | 63 | Time of computation of income |
| PART 5 – COMPUTATION OF INCOME | Chapter Seven – Income from financial assets | 64 | Allowable expenses in computing income from financial assets |
| PART 5 – COMPUTATION OF INCOME | Chapter Seven – Income from financial assets | 65 | Deduction not admissible in certain circumstances |
| PART 5 – COMPUTATION OF INCOME | Chapter Eight – Income from other sources | 66 | Income from other sources |
| PART 5 – COMPUTATION OF INCOME | Chapter Eight – Income from other sources | 67 | Special area of income from other sources |
| PART 5 – COMPUTATION OF INCOME | Chapter Eight – Income from other sources | 68 | Allowable deductions in computing income from other sources |
| PART 5 – COMPUTATION OF INCOME | Chapter Eight – Income from other sources | 69 | Deduction not admissible in certain circumstances |
| PART 5 – COMPUTATION OF INCOME | Chapter Nine – Set of losses and carry forward | 70 | Set of losses and carry forward |
| PART 5 – COMPUTATION OF INCOME | Chapter Nine – Set of losses and carry forward | 71 | Carry forward of depreciation allowance |
| PART 5 – COMPUTATION OF INCOME | Chapter Ten – Methods of accounting | 72 | Methods of accounting |
| PART 5 – COMPUTATION OF INCOME | Chapter Ten – Methods of accounting | 73 | Filing of audited financial reports by companies, etc |
| PART 5 – COMPUTATION OF INCOME | Chapter Ten – Methods of accounting | 74 | Methods of accounting in case of long term agreement |
| PART 5 – COMPUTATION OF INCOME | Chapter Ten – Methods of accounting | 75 | Incomplete or incorrect accounting, etc |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter One – Exemptions, reductions and exclusions | 76 | Tax exemption |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter One – Exemptions, reductions and exclusions | 77 | Deduction from total income |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter One – Exemptions, reductions and exclusions | 78 | General tax credit in case of certain investments and expenditures |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter One – Exemptions, reductions and exclusions | 79 | Exemption of certain income of co-operative societies |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter Two – Averaging | 80 | Averaging |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter Three – Tax holidays | 81 | Income of approved tax holiday entity |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter Three – Tax holidays | 82 | Approval of tax holiday entity by the Board |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter Three – Tax holidays | 83 | Transactions with associated entities |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter Three – Tax holidays | 84 | Computation of income of approved tax holiday entity |
| PART 6 – EXEMPTIONS, EXCLUSIONS AND TAX HOLIDAYS | Chapter Three – Tax holidays | 85 | Cancellation or disapproval of tax exemption |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 86 | Deduction at source from salary income |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 87 | Deduction of tax from payment of remuneration to Members of Parliament |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 88 | Deduction from payment to a beneficiary of workers’ participation fund |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 89 | Deduction from payment to contractors, etc. |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 90 | Deduction from the payment of services |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 91 | Deduction from payment for intangible property |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 92 | Deduction of tax from income of media advertising |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 93 | Deduction from payment to actors, actresses, producers, etc. |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 94 | Deduction or collection at source from commission, discount, fees, etc. |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 95 | Collection of tax from travel agent |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 96 | Deduction from the commission of letter of credit |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 97 | Deduction from the commission of local letter of credit |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 98 | Deduction from payment by cellular mobile phone operator. |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 99 | Deduction of tax from any payment in excess of premium paid on life insurance policy. |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 100 | Deduction at source from insurance commission |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 101 | Deduction at source from fees, etc. of Surveyors of general insurance company |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 102 | Deduction at source from interest on saving deposits and fixed deposits, etc |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 103 | Deduction at source from interest on deposit of Post Office Savings Bank Account |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 104 | Deduction at source from interest income of resident |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 105 | Deduction at source from interest on saving instruments |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 106 | Deduction at source from interest on securities |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 107 | Deduction at source from discount on the real value of Bangladesh Bank bills |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 108 | Deduction of tax from receipts in respect of international phone call |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 109 | Deduction at source from income from house property |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 110 | Deduction of tax for services from convention hall, conference centre, etc |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 111 | Deduction at source from compensation against acquisition of property |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 112 | Deduction of tax at source from export cash subsidy |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 113 | Deduction of tax from freight forward agency commission |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 114 | Deduction of tax on account of purchase of power |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 115 | Deduction of tax from any sum paid by real estate developer to land owner |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 116 | Deduction of tax from commission or remuneration paid to agent of foreign buyer |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 117 | Deduction of tax from dividends |
| PART 7 – PAYMENT OF TAX | Chapter One – Tax deduction from resident | 118 | Deduction from income from lottery, etc. |
| PART 7 – PAYMENT OF TAX | Chapter Two – Tax deduction from non-resident | 119 | Deduction from income of non-residents |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 120 | Collection of tax from importers |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 121 | Collection of tax from income derived on account of export of manpower |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 122 | Collection of tax from clearing and forwarding agents |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 123 | Collection of tax from export proceeds |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 124 | Deduction of Tax from any income remitted from abroad in connection with any service, revenue sharing, etc |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 125 | Collection of tax on transfer, etc. of property |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 126 | Collection of tax from persons engaged in real estate or land development business |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 127 | Collection of tax from the commission paid on government stamps, court fees, cartridge paper |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 128 | Collection of tax from lease of property |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 129 | Collection of tax from Cigarette manufacturers |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 130 | Collection of tax from brick manufacturers |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 131 | Collection of tax by City Corporation or Pourashava at the time of renewal of trade licence |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 132 | Collection of tax from shipping business of a resident |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 133 | Collection of tax from sales by public auction |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 134 | Collection of tax on transfer of shares |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 135 | Collection of tax on transfer of securities |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 136 | Collection of tax from transfer of share of shareholders of Stock Exchanges. |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 137 | Collection of tax from Member of Stock Exchanges |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 138 | Collection of Tax from motorvehicles plying commercially |
| PART 7 – PAYMENT OF TAX | Chapter Three – Tax collection at source | 139 | Collection of tax from operation of ships |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 140 | Definitions |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 141 | Deduction or collection of tax after gross-up in case of payment without tax |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 142 | General Provisions for deduction or collection of tax at source |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 143 | Consequences of failure to deduct, collect, etc |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 144 | Consequences of the issuance of certificate of tax deduction or collection without actual deduction, collection or payment |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 145 | Certificate of deduction, etc. of tax |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 146 | Payment to Government of tax deducted |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 147 | Confirmation and verification of tax deducted or collected at source |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 148 | Power to impose taxes without prejudice to other methods |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 149 | Relife from deduction or collection of tax at source |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 150 | Credit of tax deducted or collected at source |
| PART 7 – PAYMENT OF TAX | Chapter Four – General provisions | 151 | Payment of tax where no deduction is made |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 152 | Collection of advance tax from Cigarette manufacturers |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 153 | Collection of advance tax from the owners of private motor car |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 154 | Advance payment of tax |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 155 | Amount of advance tax and time of payment thereof |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 156 | Advance payment of tax by new assessees |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 157 | Failure to pay instalments of advance tax |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 158 | Credit of advance tax |
| PART 7 – PAYMENT OF TAX | Chapter Five – Advance payment of tax | 159 | Explanation |
| PART 7 – PAYMENT OF TAX | Chapter Six – Interest on advance tax | 160 | Imposition of interest for failure to pay advance tax |
| PART 7 – PAYMENT OF TAX | Chapter Six – Interest on advance tax | 161 | Interest payable by Government on excess payment of advance tax |
| PART 7 – PAYMENT OF TAX | Chapter Six – Interest on advance tax | 162 | Interest payable by the assessee on deficiency in payment of advance tax |
| PART 8 – MINIMUM TAX | 163 | Minimum tax | |
| PART 8 – MINIMUM TAX | 164 | Additional tax deducted or collected at source not being base of minimum tax | |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 165 | Return |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 166 | Filling of return |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 167 | Filling of statements of assets and liabilities |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 168 | Filling of statements of life style related expenses |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 169 | General rules for filing returns |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 170 | Obligation to file returns under self-assessment method |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 171 | Time of filling return |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 172 | Notice of filing return |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 173 | On payment of income tax and surcharge on or before the date of filing of return |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 174 | Computation of tax in case of return filing after tax day |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 175 | Filing of revised return in case of “Normal return” |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 176 | Consequences of filling incomplete return |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 177 | Return of withholding tax |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter One – Return and statement | 178 | Concurrent jurisdiction |
| PART 9 – RETURN, STATEMENT AND DOCUMENTS | Chapter Two – Production of documents for assessment | 179 | Production of accounts and documents, etc |
| PART 10 – ASSESSMENT AND AUDIT | 180 | Self Assessment | |
| PART 10 – ASSESSMENT AND AUDIT | 181 | Process of return | |
| PART 10 – ASSESSMENT AND AUDIT | 182 | Audit | |
| PART 10 – ASSESSMENT AND AUDIT | 183 | Assessment by the Deputy Commissioner of Taxes on the basis of return | |
| PART 10 – ASSESSMENT AND AUDIT | 184 | Best judgment assessment | |
| PART 10 – ASSESSMENT AND AUDIT | 185 | Provisional assessment | |
| PART 10 – ASSESSMENT AND AUDIT | 186 | Audit of the return of withholding tax | |
| PART 10 – ASSESSMENT AND AUDIT | 187 | Assessment of firms or association of persons | |
| PART 10 – ASSESSMENT AND AUDIT | 188 | Assessment in case of change in the constitution of a firm | |
| PART 10 – ASSESSMENT AND AUDIT | 189 | Assessment in case of constitution of new successor firm | |
| PART 10 – ASSESSMENT AND AUDIT | 190 | Assessment in case of succession to business otherwise than on death | |
| PART 10 – ASSESSMENT AND AUDIT | 191 | Assessment in case of discontinued business | |
| PART 10 – ASSESSMENT AND AUDIT | 192 | Assessment in case of partition of a Hindu undivided family | |
| PART 10 – ASSESSMENT AND AUDIT | 193 | Assessment in case of persons leaving Bangladesh | |
| PART 10 – ASSESSMENT AND AUDIT | 194 | Assessment in the case of income of a deceased person | |
| PART 10 – ASSESSMENT AND AUDIT | 195 | Spot Assessment | |
| PART 10 – ASSESSMENT AND AUDIT | 196 | Bar to question assessment | |
| PART 11 – TIME CONSTRAINTS | 197 | Time limitation for assessment | |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 198 | Definitions |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 199 | Application of rules in information collection |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 200 | Collection of information |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 201 | Automatic furnishing of information |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 202 | Inspection of business records |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 203 | Search sources of income |
| PART 12 – INFORMATION COLLECTION | Chapter One – Collection of information by taxes authority | 204 | Search and investigation |
| PART 12 – INFORMATION COLLECTION | Chapter Two – Survey, search and seizure | 205 | Power of survey |
| PART 12 – INFORMATION COLLECTION | Chapter Two – Survey, search and seizure | 206 | Power of search and seizure |
| PART 12 – INFORMATION COLLECTION | Chapter Two – Survey, search and seizure | 207 | Transfer of records relating to seized income to the Deputy Commissioner of Taxes |
| PART 12 – INFORMATION COLLECTION | Chapter Two – Survey, search and seizure | 208 | Period of retention of records relating to seized income |
| PART 12 – INFORMATION COLLECTION | Chapter Two – Survey, search and seizure | 209 | Provision of seized assets |
| PART 12 – INFORMATION COLLECTION | Chapter Two – Survey, search and seizure | 210 | Provision of acquired assets |
| PART 12 – INFORMATION COLLECTION | Chapter Three – Notice for hearing | 211 | Power to take evidence on oath, etc. |
| PART 13 – RECOVERY OF REVENUE EVASION | 212 | Tax, etc. escaping payment | |
| PART 13 – RECOVERY OF REVENUE EVASION | 213 | Power of Inspecting Additional Commissioner of Taxes to revise the erroneous order | |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 214 | Notice of demand |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 215 | Direct collection and refund |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 216 | Certificate for recovery of tax |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 217 | Method of recovery by Tax Recovery Officer |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 218 | Power of withdrawal of certificate and stay of proceeding |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 219 | Validity of certificate for recovery not open to dispute |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 220 | Recovery of tax through Collector of District |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 221 | Other modes of recovery |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter One – Collection of tax dues | 222 | Taking simultaneous action in tax collection |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Two – Interim freeze or seizure | 223 | Interim freeze or seizure of assets |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Three – Refunds and adjustment | 224 | Entitlement to refund |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Three – Refunds and adjustment | 225 | Claim adjustment and refund |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Three – Refunds and adjustment | 226 | Claim of refund |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Three – Refunds and adjustment | 227 | Claim of refund for deceased or disabled persons |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Three – Refunds and adjustment | 228 | Correctness of assessment, etc., not to be questioned |
| PART 14 – COLLECTION OF DUES, REFUNDS AND ADJUSTMENT | Chapter Three – Refunds and adjustment | 229 | Refund on the basis of orders in appeal |
| PART 15 – AVOIDANCE OF TAX | Chapter One – General provisions relating to avoidance of tax | 230 | Definitions |
| PART 15 – AVOIDANCE OF TAX | Chapter One – General provisions relating to avoidance of tax | 231 | Adjustment of tax benefits |
| PART 15 – AVOIDANCE OF TAX | Chapter One – General provisions relating to avoidance of tax | 232 | Methods of adjustment |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 233 | Definitions |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 234 | Determination of income from international transaction having regard to arm’s length price |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 235 | Computation of arm’s length price. |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 236 | Reference to Transfer Pricing Officer |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 237 | Maintenance and keeping of information, documents and records |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 238 | Statement of international transactions to be submitted |
| PART 15 – AVOIDANCE OF TAX | Chapter Two – Transfer pricing | 239 | Report from an accountant to be furnished |
| PART 15 – AVOIDANCE OF TAX | Chapter Three – Other provisions relating to avoidance of tax | 240 | Avoidance of tax through transactions with non-residents |
| PART 15 – AVOIDANCE OF TAX | Chapter Three – Other provisions relating to avoidance of tax | 241 | Avoidance of tax through transfer of assets |
| PART 15 – AVOIDANCE OF TAX | Chapter Three – Other provisions relating to avoidance of tax | 242 | Avoidance of tax by transactions in securities |
| PART 15 – AVOIDANCE OF TAX | Chapter Three – Other provisions relating to avoidance of tax | 243 | Tax clearance certificate required for persons leaving Bangladesh |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter One – Tax agreement | 244 | Tax agreement |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 245 | Definitions |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 246 | Exemption for income earned outside Bangladesh |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 247 | Foreign Tax Credit |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 248 | Effectiveness of computation of income on the approval of foreign tax adjustments |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 249 | Limitation on claim of foreign tax credit |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 250 | Appeal |
| PART 16 – INTERNATIONAL AGREEMENT MANAGEMENT | Chapter Two – Exemption and foreign tax credit | 251 | Provisions of tax deduction at source where Double Taxation Agreement is in place |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 252 | Liability of representative in certain cases | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 253 | Persons to be treated as agent | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 254 | Right of representative to recover tax paid | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 255 | Liability of firm or association for unrecoverable tax due from partners or members | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 256 | Liability of partners, etc., for discontinued business of a firm, etc. | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 257 | Liability of directors for unrecoverable tax of private companies | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 258 | Liability of liquidator for tax of private companies under liquidation | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 259 | Liability to tax in case of shipping business of non-residents | |
| PART 17 – AGENCY, REPRESENTATION AND RELATED MATTERS | 260 | Liability to tax in case of air transport business of non-residents | |
| PART 18 – TAXPAYER REGISTRATION | 261 | Registration of taxpayer | |
| PART 18 – TAXPAYER REGISTRATION | 262 | Cancellation of registration of taxpayer | |
| PART 18 – TAXPAYER REGISTRATION | 263 | Withholder Identification Number (WIN) | |
| PART 18 – TAXPAYER REGISTRATION | 264 | Obligation to file proof of submission of return | |
| PART 18 – TAXPAYER REGISTRATION | 265 | Displaying proof of submission of return | |
| PART 19 – PENALTY | 266 | Penalty for failure to file return, etc. | |
| PART 19 – PENALTY | 267 | Penalty for not maintaining accounts in the prescribed manner | |
| PART 19 – PENALTY | 268 | Penalty for using fake Tax-payer’s Identification Number | |
| PART 19 – PENALTY | 269 | Failure to pay advance tax, etc. | |
| PART 19 – PENALTY | 270 | Penalty for non-compliance with notice | |
| PART 19 – PENALTY | 271 | Failure to pay tax on the basis of return | |
| PART 19 – PENALTY | 272 | Penalty for concealment of income | |
| PART 19 – PENALTY | 273 | Penalty for incorrect or false audit report by chartered accountant | |
| PART 19 – PENALTY | 274 | Penalty for furnishing fake audit report | |
| PART 19 – PENALTY | 275 | Penalty for default in payment of tax | |
| PART 19 – PENALTY | 276 | Penalty for failure to comply with the provisions of section 235 | |
| PART 19 – PENALTY | 277 | Penalty for failure to comply with the provisions of section 237 | |
| PART 19 – PENALTY | 278 | Penalty for failure to comply with the provisions of section 238 | |
| PART 19 – PENALTY | 279 | Penalty for failure to comply with the provisions of section 239 | |
| PART 19 – PENALTY | 280 | Bar to imposition of penalty without hearing | |
| PART 19 – PENALTY | 281 | Previous approval of Inspecting Additional Commissioner for imposing penalty | |
| PART 19 – PENALTY | 282 | Orders of penalty to be sent to Deputy Commissioner of Taxes | |
| PART 19 – PENALTY | 283 | Penalty to be without prejudice to other liability | |
| PART 19 – PENALTY | 284 | Revision of penalty based on the revised amount of income | |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter One – Revision | 285 | Revisional power of Commissioner |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 286 | Appeal to appellate income tax authority |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 287 | Form, procedure and timelimit of filling appeal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 288 | Procedure to be followed in disposal of appeal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 289 | Decision of appeal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 290 | Appeal against order of Tax Recovery Officer |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 291 | Appeal to the Appellate Tribunal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 292 | Disposal of appeal by the Appellate Tribunal |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 293 | Reference to the High Court Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 294 | Decision of the High Court Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Two – Appeal and reference | 295 | Appeal to the Appellate Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 296 | Definitions |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 297 | Alternative Dispute Resolution. |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 298 | Application of Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 299 | Representative of Commissioner |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 300 | Facilitator in alternative dispute resolution process |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 301 | Rights and duties of the assessee for Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 302 | Procedures of disposal of tax dispute by the Alternative Dispute Resolution. |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 303 | Stay of proceeding in case of pending appeal or reference at Appellate Tribunal or High Court Division |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 304 | Decision of the Alternative Dispute Resolution |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 305 | Effect of agreement |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 306 | Limitation for appeal where agreement is not concluded |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 307 | Post verification of the agreement |
| PART 20 – REVISION, APPEAL AND REFERENCE | Chapter Three – Alternative dispute resolution | 308 | Bar on suit or prosecution |
| PART 21 – PROTECTION OF INFORMATION | 309 | Statement, returns, etc., to be confidential | |
| PART 22 – OFFENCES AND PROSECUTION | 310 | The provisions of this Part shall be consistent with other provisions | |
| PART 22 – OFFENCES AND PROSECUTION | 311 | Punishment for failure to furnish information and failure to perform certain duties | |
| PART 22 – OFFENCES AND PROSECUTION | 312 | Punishment to attempt avoidance of tax | |
| PART 22 – OFFENCES AND PROSECUTION | 313 | Punishment for false statement in verifications | |
| PART 22 – OFFENCES AND PROSECUTION | 314 | Punishment for false certificate | |
| PART 22 – OFFENCES AND PROSECUTION | 315 | Punishment for failure of tax deduction or collection at source or for failure to deposit the same in government exchequer | |
| PART 22 – OFFENCES AND PROSECUTION | 316 | Punishment for furnishing fake audit report subject to verfication | |
| PART 22 – OFFENCES AND PROSECUTION | 317 | Punishment for improper use of Tax-payer’s Identification Number | |
| PART 22 – OFFENCES AND PROSECUTION | 318 | Punishment for obstructing an income tax authority | |
| PART 22 – OFFENCES AND PROSECUTION | 319 | Punishment for disposal of property to prevent attachment | |
| PART 22 – OFFENCES AND PROSECUTION | 320 | Penalty for non-compliance with sub-section (7) of section 211 | |
| PART 22 – OFFENCES AND PROSECUTION | 321 | Penalty for persuasion | |
| PART 22 – OFFENCES AND PROSECUTION | 322 | Punishment for disclosure of protected information | |
| PART 22 – OFFENCES AND PROSECUTION | 323 | Offenses committed by a company, firm or association of persons | |
| PART 22 – OFFENCES AND PROSECUTION | 324 | Sanction for prosecution | |
| PART 22 – OFFENCES AND PROSECUTION | 325 | Power to compound offences | |
| PART 22 – OFFENCES AND PROSECUTION | 326 | Trial by Special Judge | |
| PART 23 – AUTHORISED REPRESENTATIVE | 327 | Authorized representative for hearing | |
| PART 24 – ELECTRONIC TAX MANAGEMENT | 328 | Electronic Tax Management | |
| PART 25 – MISCELLANEOUS | 329 | Assistance to income tax authorities | |
| PART 25 – MISCELLANEOUS | 330 | Correction of errors | |
| PART 25 – MISCELLANEOUS | 331 | Tax to be calculated to nearest taka | |
| PART 25 – MISCELLANEOUS | 332 | Evidence to be given for money paid or recovered | |
| PART 25 – MISCELLANEOUS | 333 | Computation of the period of limitation | |
| PART 25 – MISCELLANEOUS | 334 | Power to condone or extend, etc | |
| PART 25 – MISCELLANEOUS | 335 | Service of notice | |
| PART 25 – MISCELLANEOUS | 336 | Certain errors not to vitiate assessment, etc. | |
| PART 25 – MISCELLANEOUS | 337 | Proceeding against companies under liquidation | |
| PART 25 – MISCELLANEOUS | 338 | Indemnity | |
| PART 25 – MISCELLANEOUS | 339 | Act to have effect pending legislative provision for charge of tax | |
| PART 25 – MISCELLANEOUS | 340 | Reward for officers and employees | |
| PART 25 – MISCELLANEOUS | 341 | Power to amend schedules | |
| PART 25 – MISCELLANEOUS | 342 | Removal of difficulties | |
| PART 25 – MISCELLANEOUS | 343 | Power to make rules | |
| PART 25 – MISCELLANEOUS | 344 | Repeal and savings | |
| PART 25 – MISCELLANEOUS | 345 | Publication of translated English text |
Note: Section-wise English version will be available soon.
Income Tax Act 2023 in English:
Note: In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 136(2) of the VAT & SD Act 2012 and Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali texts, the Bengali text shall prevail.