52N. Collection of tax on account of rental power. -

1[52N.  Collection  of  tax  on  account  of  rental  power.  - 

Notwithstanding anything contained in this Ordinance, Bangladesh Power Development Board , at the time of payment to any rental power company  on account of purchase of rental power from that company, shall collect , deduct or pay tax on the said payment 2[,for a term not exceeding three years from the date of its operation in Bangladesh] at the rate of  3[six per cent] 4[which shall be treated as final discharge of tax liability of the rental power company regarding the sale of such rental power.]

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1 Ins. by Income Tax(Amendment) Act, 2009 (Act No. 11 of 2009). Dated: 24/02/2009
2 Omitted by F.A. 2011
3 Subs for “four per cent” by F.A.2014
4 Omitted by F.A. 2012

 

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