53C. Collection of tax on sale price of goods or property sold by public auction.-
Any person making sale, by 1[public auction through sealed tender or otherwise,] of any goods or property belonging to the Government or any authority, corporation or body, including its units, the activities or the principal activities of which are authorised by any Act, Ordinance, order or instrument having the force of law in Bangladesh or any company
2[other than a private limited company,] as defined in 3[4the Companies Act, 1913 (VII of 1913) or1or any banking company, কোম্পানী আইন, 1994 (1994 সনের ১৮ নং আইন), or any banking company, or any insurance company or any co-operative bank established by or under any law for the time being in force shall collect, before delivering the possession of the goods or the property, as advance tax on the income from the sale price of such goods or property from the auction purchaser at such rate, not exceeding seven and a half per cent. of the sale price, as may be prescribed.
Explanation.- For the purposes of this section, sale of any goods or property includes the awarding of any lease to any person, including a lease of the right to collect octroi duties, fees or other levies, by whatever name called, but does not include sale of a plot of land.
1Subs. for "public auction" by F.A. 1996
2 Omitted by F.A. 2011
3 Subs. for "the companies Act. 1913 (VII of 1913)" by F.A. 1995
4 Omitted by F.A. 2011
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