31. Capital gains .-

31. Capital gains .-

Tax shall be payable by an assessee under the head "Capital gains" in respect of any profits and gains arising from the transfer of a capital asset and such profits and gains shall be deemed to be the income of the income year in which the transfer took place ¹[.

²[Provided that no tax shall be payable by an assessee, being a non-resident, in respect of any profits and gains arising from the transfer of stocks or shares of a public company as defined in ³[†Kv¤úvbx AvBb, 1994 (1994 m‡bi 18bs AvBb)] subject to the condition that such assessee is entitled to similar exemption in the country in which he is a resident.]

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

¹Subs. full stop for "colon" and omitted proviso by F.A. 2011
²Omitted. by F.A. 2011

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.