37. Recognition of association of accountants, registration of income tax practitioners, etc., by the Board

37. Recognition of association of accountants, registration of income tax practitioners, etc., by the Board.----
    
¹[(1)   The following bodies are recognised by the Board as association of accountants for the  purposes of section 174(2)(e) of the Ordinance:-

(a) Institute of Chartered Acountants of Bangladesh.

(b) Institute of Cost and Management Accountant of Bangladesh.]

(2)    For registration of a person as income tax practitioner by the Board under section 174(2)(f) of the Ordinance, the person seeking registration shall have any of the following qualifications, namely:-

(a) any person who has passed any of the following accountancy examinations:-
 

²[(i)Government  Diploma  in  accountancy  examination  conducted  by  the accountancy Diploma board,Bombay;]

(ii)   The First Examination conducted by the Government under the Auditor’s Certificate Rules, 1950;

³[(iii) Intermediate  Examination  conducted  by  the  Institute  of  Chartered Accountants  of  Pakistan constituted under the Chartered Accountants Ordinance, 1961]

(iv)  Intermediate  Examination  conducted  by  the  Institute  of  Chartered Accountants of Bangladesh constituted under the Bangladesh Chartered Accountants Order, 1973;

(v)     Examination  conducted  by  the  Institute  of  Cost  and  Management Accountants  of  Bangladesh  for  granting  membership  of  the  Institute constituted  under  the  Cost  and  Management  Accountants  Ordinance,1977;

(vi)  Final  Examination  conducted  by  the  Association  of  Certified  and Corporate    Accountants, London;

⁴[(vii)The Bombay Government diploma in Commerce, provided that the Diploma  holder  took  "  Accountancy"  as  his  optional  subject  for  the diploma course and has also passed the Matriculation Examination of a recognised University of an equivalent examination;(viii) The Diploma in Accountancy awarded by the Sydenham College of
Commerce and Economics, Bombay, provided that the diploma holder has passed the Matriculation Examination of a recognised University of an equivalent examination;

(viii) The Diploma in Accoutancy awarded by the Sydenham College of Commerce and Economics, Bomby, provided that the diploma holder has passed the Matriculation Examination of a recognised University of an equvalent examination;

(ix) Senior All-India Diploma in Commerce awarded by the All-India Board of Technical Studies in Commerce and Business Administration of the All-India Council for Technical Education, Government of India, provided  that  the  diploma  holder  took,  'Advanced  Accountancy  and Auditing' is his optional subject for the diploma course; or]
 

(b) any person has any of the following educational qualification, namely:-

A degree in Law,⁵ [in Taxation, in Commerce with Accounting as one of the subjects or part of a subject, in Banking including Higher Auditing, or a degree in any subject with a diploma in Taxation] in Banking  including  Higher  Auditing  conferred  by  any  of  the  following Universities, namely:-

(i)  any  University  incorporated  by  any  law for the time being in force in Bangladesh, Pakistan and India;

(ii)   other Foreign Universities, namely, ⁶[The University of Yangon (formerly Rangoon University)], the Universities of   Birmingham, Bristol, Cambridge, Durban, Leeds, Liverpool, London, Manchester, Oxford Reading, Sheffield, Wales, Aberdeen, Edinburgh, Glasgow, St, Andrews, Dublin (Trinity College) and Queen’s University, Belfast; and

[(c)     any person who has retired after putting in satisfactory service in the taxes Department and has for a period of not less than ⁷[seven years] served in a post or posts not inferior to that of Extra Assistant Commissioner of Taxes or has resigned from the services of the Taxes Department after putting in satisfactory services  for  not  less  seven  years  in  a  post  not  inferior  to  that  of  a  Extra Assistant Commissioner of Taxes and such resignation has been accepted by the Government.

(3) The following procedure shall be followed for registration of a person as an income tax practitioner under section 174(2)(f) of the Ordinance, namely:-
 

(a) the person shall make an application to the Board setting out the fact    or facts lay virtue of which he claims to be qualified under sub-rule(2) and, unless he is a person qualified as an ex-employee of the Taxes Department his application shall be accompanied by a fee of ⁸[taka three hundred  only;

(b) he shall furnish such particulars and such evidence as the Board may   require in  order to determine whether he is qualified as aforesaid

⁹[(c) the applicant, not being a person referred to in clause (c) of sub-rule (2),

(i)shall have  to  appear  at  a  written  examination  and  if  he  qualifies  in  the written  examination he shall be called to appear at a viva voce examination. Both the  examination shall be conducted by the Board.

(ii) Successful Applicant of the viva-voice examinations shall have to undergo a training programme conductted by the Board or any authority authorised by the board in this behalf;

¹⁰[(d)   if the Board is satisfied that the applicant is qualified as aforesaid, and has passed the written and the viva voce examination conducted under clause (c), it shall cause his name to be entered in the register maintained for the purpose in the Boards office and the fact of such entry shall be communicated to him, to the Commissioners and to the Taxes Appellate Tribunal.

¹¹[(4)  Notwithstanding  anything  contained  in  this  rule  a  legal  practitioner  entitled  to
practice in a Civil Court in Bangladesh shall be deemed to have been registered as income tax practitioner by the Board in accordance with the provisions under section 174 (2)(f) of the ordinance.]

---------------------------------------------------------------------------------------

¹ Subs. by S.R.O. No. 192-L/IT/2015, dt: 30-06-2015

².Omitted by S.R.O.No.170-L/2001,dt.28-06-2001

³.Omitted by S.R.O.No.170-L/2001,dt.28-06-2001

⁴.Omitted by S.R.O.No.170-L/2001,dt.28-06-2001

⁵এসআরও নং ২৬-আইন/আয়কর/২০১৭,তারিখ:০৫-০২-২০১৭ খ্রি: দ্বারা প্রতিস্থাপিত।

⁶এসআরও নং ২৬-আইন/আয়কর/২০১৭,তারিখ:০৫-০২-২০১৭ খ্রি: দ্বারা প্রতিস্থাপিত।

⁷.Subs.for “nine years” by S.R.O.No.216-L/IT/2014, dt: 18-08-2014

⁸.subs. for "taka one hundred and fifty" by S.R.O.No ২৩২-আয়কর /২০১১ তারখি ০৫/০৭/২০১১

⁹.subs.by S.R.O.No ২৩২-আয়কর /২০১১ তারখি ০৫/০৭/২০১১

¹⁰ Subs. by S.R.O. No. 232-L/IT/2011, dt: 05-07-2011

¹¹.Ins. by S.R.O.No. 40-L/97,dt.05/02/1997

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.