(1) Subject to the provisions of this Part, except as provided in sub-section (2), tax shall be payable by an assessee on his income during each financial year if the total income of the assesse for the latest income year exceeds Taka 6 (six) lakh and in such case, the payment shall be treated as “advance tax”.

(2) Nothing in sub-section (1) shall apply to an assessee, if—

(a) the assesse earns an amount not exceeding Taka 8 (eight) lakh only from cultivation of land;

(b) the total income referred to in sub-section (1) includes the following income, namely:-

(i) “capital gains”; or

(ii) any income in the nature of “one-time income” which is not expected to be earned in the current financial year in which advance tax is payable under this Part.