Section 24 - Voluntary Disclosure of Investment or Income
(1) Where it is provided that the source of such investment shall be deemed to be explained in accordance with the provisions of this Act on payment of tax by any person at the rate and under the conditions prescribed in the First Schedule, the said investment shall be deemed to be so explained,
(2) Where a person has been given an opportunity to show any undisclosed income under the provisions of this Act, subject to the payment of tax and other applicable sums prescribed in the First Schedule and subject to the conditions specified in the Schedule, there shall be an opportunity to show such income.
Note: This is unofficial English translation. 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 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.