16C. Charge Or Excess Profit Tax.

16C. Charge Or Excess Profit Tax.-

 

 

Where a banking company operating under ব্যাংক কোম্পানী আইন, 1991 (1991 সনের 14 নং আইন) shows profit in its return of income for an income year at an amount exceeding fifty per cent of its capital as defined under the said Act together with reserve, the company, in addition to tax payable under the Ordinance, shall pay an excess profit tax for that year at the rate of fifteen per cent on so much of profit as it exceeds fifty per cent of the aggregate sum of the capital and reserve as aforesaid.

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Deleted by F. A. 2016

 

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Mijan Niloy

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