16F. Charge of tax on stock dividend.

1[16F. Charge of tax on stock dividend.-

Nothwithstanding anything contained in this ordinance or any other law for the time being in force, if in an income year, the amount of stock dividend declared or distributed exceeds the amount of cash dividend declared or distributed or without declaration or distribution or distribution of any cash dividend by a company registered under কোম্পানি আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন) and listed to any stock exchange, tax shall be payble at the rate of ten per cent on the whole amount of stock dividend declared or distributed.

1 Ins. new section 16F and 16G by F.A. 2019

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