52N. Collection of tax on account of rental power. -

¹[52N.  Collection  of  tax  on  account  of  rental  power.  - 

Notwithstanding anything contained in this Ordinance, Bangladesh Power Development Board , at the time of payment to any rental power company  on account of purchase of rental power from that company, shall collect , deduct or pay tax on the said payment ²[,for a term not exceeding three years from the date of its operation in Bangladesh] at the rate of  ³[six per cent] ⁴[which shall be treated as final discharge of tax liability of the rental power company regarding the sale of such rental power.]

........................................................................................................

¹ Ins. by Income Tax(Amendment) Act, 2009 (Act No. 11 of 2009). Dated: 24/02/2009
² Omitted by F.A. 2011
³ Subs for “four per cent” by F.A.2014
⁴ Omitted by F.A. 2012

About Author

Golden Bangladesh

Golden Bangladesh is a point of access to information.We present information from diverse sources in a unified way. It is the leading web portal, e-Directory and business guide in Bangladesh.