THE SECOND SCHEDULE

THE SECOND SCHEDULE
RATES OF INCOME TAX IN CERTAIN SPECIAL CASES
[See section 16(3)]

1.    Where  a  person,  not  being  a  company,  is  a  non-resident  in  Bangladesh, ¹[except  a  Bangladeshi  non-resident]  tax  shall  be  payable  by  him  or  on  his behalf, on his total income, at the maximum rate.

²[2.  Where  the  total  income  of  an  assessee  includes  any  income  chargeable under  the  head  "Capital  gains"  (hereinafter  referred  to  as  the  "said income"), the tax payable by him on his total income shall be-

(a) in the case of a company-

(i) tax payable on the total income as reduced by the said income had such reduced income been the total income; plus
(ii) tax at the rate of fifteen per cent on the whole amount of the said income;

(b) in the case of a person other than a company-

(i)  where  the  said  income  arises  as  a  result  of  disposal  by  the assessee of  his capital assets after not more than five years from the  date  of  their  acquisition  by  him,  tax  payable  on  the  total income including the said income; and
(ii)  where  the  said  income  arises  as  a  result  of  disposal  by  the assessee of his capital assets after five years from the date of their acquisition  by  him,  tax  payable  on  the  capital  gains  at  the  rate applicable to his total income including the said capital gains, or tax  at  the  rate  of  fifteen  per  cent  on  the  amount  of  the  capital gains whichever is the lower.]

³[3.  Where the total income of an assessee includes any income from "winnings" referred to in section 19(13) chargeable under the head "Income from other sources" (hereinafter referred to as the "said income"), the tax payable by him on the said income shall be at the rate applicable to his total income including the said income or at the rate of twenty per cent., whichever is the lower.]

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

 
¹ Ins. by F. A. 1997

² Subs. by F. A. 2002

³ Ins. by F.A. 1997²Subs. by F.A. 2002 ³Subs. by F.A. 1994
 

About Author

Golden Bangladesh

Golden Bangladesh is a point of access to information.We present information from diverse sources in a unified way. It is the leading web portal, e-Directory and business guide in Bangladesh.