52JJ. Collection of tax from travel agent.-

¹[52JJ. Collection of tax from travel agent.-

(1) Notwithstanding anything contained in any other Provisions of this Ordinance, any person responsible for making any payment to a resident any sum by way of commission or discount or any other benefits, called by whatever name, convertible into money for selling passenger tickets or air cargo carriage shall deduct or collect advance tax at the rate of zero point three zero percent (0.30%) of the total value of the tickets or any charge for carrying cargo by air at the time of payment to such resident.
(2) Where any incentive bonus, performance bonus or any other benefits, called by whatever name, is to be paid in relation to such sale of tickets or bill for carrying cargo by air in addition to the amount mentioned in sub-section(1),person responsible for making such payment shall deduct an amount equal to (A/B)x C, where-

“A” is the amount of incentive bonus, performance bonus or any other benefits as mentioned in sub-section (2),
“B” is the amount of commission or discount or any other benefits as mentioned in sub-section (1),and
“C” is the amount of source tax on commission or discount or any other benefits as mentioned in sub-section (1).

(3)For the purpose of computation of value of tickets or charge, any payment made in respect of any embarkation fees, travel tax, flight safety insurance, security tax and airport tax shall not be included in such value or charge.

[Explanation.- In this section, “payment” includes a transfer, a credit or an adjustment of payment.]

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¹ Subs. by F. A. 2016

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Mijan Niloy