Section 61 - Other Factors in Computation of Capital Gains
(l) If the fair market value of any asset is more than 15% (fifteen percent) of the full value of the goods declared by the taxpayer, the Deputy Commissioner of Taxes, with the prior approval of the Inspecting Additional Commissioner, determine the fair market value of the asset.
(2) If the fair market value of any asset is more than 25% (twenty five percent) of the acquisition value declared by the taxpayer„ the Commissioner of Taxes may, in the manner prescribed by the Board, offer to purchase the asset at the declared acquisition value.
(3) Capital gains arising from the transfer of all the assets of a partnership firm to a new company incorporated under the Companies Act, 1994 (Act No. 18 of 1994) shall be exempted from tax if the consideration of the transfer of all the assets is invested in the equity of the new company.
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.