Section 56 - Special Business Income
(1) Notwithstanding anything contained in any other provision of this Act, all expenditure disallowed under clauses other than those covered by clause (d) of section 55 shall be treated as special business income.
(2) No expenditure, adjustment of losses or carry forward and no allowance under the Third Schedule shall be allowed deemed to be income of special areas as “special business income” or “income from business” under this Chapter and such income shall be taxable at the ordinary rate,
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.