53FF. Collection of tax from persons engaged in real estate or land development business.-

¹[53FF.  Collection  of  tax  from  persons  engaged  in  real  estate  or  land development business.-

Any person responsible for registering any document for  transfer  of  any  land  or  building  or  apartment,  under  the  provision  of Registration Act 1908 (XVI of 1908), shall not register the  document unless tax is paid at the following rate by the transferer who is engaged in real estate or land development business,-

²[(a) in case of building or apartment ³[, constructed for residential purposes,] situated-

⁴[(i)  at  Gulshan  Model  Town,  Banani,  Baridhara,  Motijeel Commercial  Area  and  Dilkusha  Commercial  Area  of  Dhaka,  taka ⁵[one thousand and six hundred] per square metre;
(ii)  at  Dhanmondi  Residential  Area,  Defense  Officers  Housing Society  (DOHS),  Mahakhali,  Lalmatia  Housing  Society,  Uttara Model  Town,  Bashundhara  Residential  Area,  Dhaka  Cantonment Area,  Karwan  Bazar  Commercial  Area  of  Dhaka  and  Panchlaish Residential Area, Khulshi Resindential Area, Agrabad and Nasirabad of  Chittagong,  taka ⁶[one  thousand  and  five  hundred]  per  square metre;
⁷[(iii)  in areas other than the areas mentioned in sub-clauses (i) and(ii)-

A. if the area is within Dhaka South City Corporation, Dhaka North City Corporation and Chittagong City Corporation, taka one thousand per square metre;
B. if the area is within any other city corporation, taka seven hundred per square metre;

C, any other area, taka three bundred per square metre:

Provided that the rate of source tax under clause (a) in respect of a residential apartment shall be twenty percent (20%) lower if the size of the apartment, including common space, is not more than seventy square metre, and forty percent(40%) lower if the size of the apartment, including common space, is not more than sixty square metre.] ^{Subs F. A. 2016}

⁸[(aa) in case of building or apartment or any space thereof, constructed not for the residential purposes, situated-

(i) in areas mentioned under sub-clause (i) of clause (a), taka ⁹[six thousand and five hundred] per square metre;
(ii) in areas mentioned under sub-clause (ii) of clause (a), taka ¹⁰[five thousand] per square metre;
¹¹[(iii) in areas other than the areas mentioned in sub-clauses (i) and(ii)-

A. if the area is within Dhaka South City Corporation, Dhaka North City Corporation and Chittagong City Corporation, taka three thousand and five hundred per square metre;
B. if the area is within any other city corporation, taka two thousand and five hundred per square metre;
C. any other area, taka one thousand and two hundred per square metre.]

¹²[(b) in case of land to which the document relates and on which stamp duty is chargeable under the Stamp Act, 1899 (Act No. II of 1899) at the rate of-

(i)  five  percent  for  Dhaka,  Gazipur,  Narayanganj,  Munshiganj, Manikganj, Narsingdi and Chittagong districts;
(ii) three percent for any other district.]

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

¹Ins. by F.A. 2005
²Subs. by F.A. 2010
³Ins. by F.A. 2011
⁴Subs. for "sub-clause (i) and (ii)" by F.A. 2011
⁵omitted "two thousand" by F.A. 2013 and Ins. "one thousand and six hundred" by F.A. 2013
⁶Subs. for "one thousand and eight hundred" by F.A. 2013.
⁷Subs. by F.A. 2016

⁸Ins. by F.A. 2011
⁹Subs. for "six thousand" by F.A. 2013
¹⁰Subs. for "six thousand " by F.A. 2013.
¹¹Subs. by F.A. 2016
¹²Subs. by F.A. 2009 and re-subs. by F.A. 2012

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