68A. Advance tax on certain income.-

¹[68A. Advance tax on certain income.-

(1) A manufacturer of cigarette shall pay advance tax at the rate of three percent (3%) on net sale price in every month.

(2) The advance tax paid under sub-section(1) shall be adjustable against the quarterly installments of advance tax payable under section 66.

Explanation.- In this section, “net sale” shall be A-B, where, A is the gross sale and B is the value added tax and the supplementary duty, if any, on such gross sale.

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¹Added by F.A. 2016

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Nowshad Amin Chowdhury