(4) As per column (2) of the table in sub-sections (2) and (3), if the difference between the proceeds of sale or, as the case may be, the amount received for insurance, salvage or compensation against the asset and the written down value is negative, the amount shall be deemed to have been spent under the head “income from business” and shall be included under the allowable general
deduction.

(5) In the table of sub-sections (2) and (3)—

A = Amounts received for insurance, salvage or compensation against assets ²[or sale proceeds],

B = Acquisition value of assets, and

C = The calculated written down value of the asset after allowing depreciation under the Third Schedule.

(6) Where during any income year any assessee, being an exporter, transfers the whole or any part of the export quota allocated in his favour by the Government to any other person, the proportionate export value of such transferred quota shall be deemed to be income classifiable under the head “Income from business” of the assessee in that income year.

(7) ³[***]

(8) If in computing income under this Chapter for any income year, any trading liability has been accounted for by the assessee is taken into account and—

(a) in any subsequent income year, the assessee receives any benefit in respect of the trading liability, the value of that benefit shall be deemed to be income from business of the assessee in the income year in which the benefit is received;

(b) if the trading liability or any part thereof remains unpaid within 3 (three) years after the end of the income year in which the said trading liability has been account for, then the said unpaid trading liability shall be classified as Income from Business of the assessee in the income year following the end of the said 3 (three) years:

     Provided that if any such trading liability, which has been treated as income, is paid in any subsequent year, such amount so paid shall be deducted in computing the income of the assessee in the income year in which the payment was made.

(9) If in any income year a loss, bad debt or any expense is allowed in computing income under this Chapter and if in any subsequent income year, the assessee receives any benefit in respect of such deducted loss, bad debt or expense, the value of that benefit shall be classified as income from business of the assessee in the income year in which the benefit is received.

(10) In the case of filing of return under section 180, any deficiency in the initial capital shown at any time within 5 (five) years after the year in which the return is filed shall be treated as income from business.

(11) In computing the income of a ⁴[finance company], interest or profit income on loans classified as bad debts or doubtful debts by Bangladesh Bank shall be classified as income from business ⁴[finance company] in the income year in which it is credited in profit and loss account or in the income year in which it is actually received, whichever is earlier between the two.

(12) For the purposes of this section,—

(a) the business in which the asset is used before the sale shall be deemed to have been carried on by the assessee in the income year to which the sale of asset relates;

(b) if an asset is exported or transferred outside Bangladesh after being used in the assessee’s business, the date of such export or transfer shall be deemed to be the date of sale of the asset and the purchase price of the asset shall be deemed to be its sale proceeds.