19BBB. Special tax treatment regarding investment in motor vehicles:--

^1[19BBB.] Special tax treatment regarding investment in motor vehicles:--

Notwithstanding anything contained in this Ordinance, no question as to the source of any sum invested by any person in purchasing of motor vehicle, not plying for hire, shall be raised if the assessee pays tax at the following rate, at the time of registration of the motor vehicle or before the assessment is completed for the relevant year:

(a)  ² [fifteen per cent] of the purchase value where the car or jeep exceed 1500c.c;

(b) ³ [ten percent] of the purchase value where the car or jeep does not exceed 1500c.c  ⁴[:

Provided that the provisions of this section shall apply in the case of first time registration of the said motor vehicle in Bangladesh.]] 

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¹  Section 19BB inserted by F.A. 2004 and subsequently omitted by F.O. 2007

² Subs for “seven and five and half per cent“ by F . A . 2006

³ Subs for “ five half per cent“ by F . A . 2006

⁴ Omitted by A.F. 2006

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