53HH. Collection of tax from lease of property

¹[53HH. Collection of tax from lease of property,-

Any  registering  officer responsible for registering under the Registration Act, 1908 (XVI of 1908) any  document  in  relation  to  any  lease  of  immovable  property  for  not  less than ten years from any authority formed or established under any law ²[ or from any other person being an individual, a firm, an association of persons, a Hindu undivided family, a company or any artificial juridical person] shall not register such document unless tax is paid at a rate of four per cent by the lessor on the lease amount of such property.

Explanation.-  For the purpose of this section, "any authority" shall mean Rajdhani  Unnayan  Kartripakkha  (RAJUK),  Chittagong  Development Authority  (CDA),  Rajshahi  Development  Authority  (RDA),  Khulna Development Authority (KDA) or National Housing Authority].

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¹Ins. new section by F.A. 2014

² Ins. by F. A. 2015

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Mijan Niloy