19BBBBB. Special tax treatment in respect of investment in residential building and apartment.-

1[19BBBBB. Special tax treatment in respect of investment in residential building and apartment.-

(1) Notwithstanding anything contained in this Ordinance, source of any sum invested by any person, in the construction or purchase of any residential building or apartment, shall be deemed to have been explained if the assessee pays, before the assessment for the relevant assessment year in which the investment is completed, tax at the following rate-

(a) for building or apartment situated in the area of Gulshan Model Town, Banani, Baridhara, Motijheel Commercial Area and Dilkusha Commercial Area of Dhaka-

(i) taka five thousand per square meter in the case of building or apartment the plinth area of which does not exceed two hundred square meter;

(ii) taka seven thousand per square meter in the case of building or apartment the plinth area of which exceeds two hundred square meter;

(b) for building or apartment situated in the area of Dhanmandi Residential Area, Defence Officers Housing Society (DOHS), Mahakhali, Lalmatia
Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment, Kawarn Bazar, Bijaynagar, Segunbagicha, Nikunja of Dhaka, and Panchlaish, Khulshi, Agrabad and Nasirabad Area of Chittagong-

 

(i)Take for thousand per square meter in the case of a building or apartment the plinth area or which does not exceed two hundred square meter;”

(ii)Taka five thousand per square meter in the case of a building or apartment the plinth area of which exceeds two hundred square meter;

(c) for building or apartment situated in the area of any City Corporation other than areas mentioned in clauses (a) or (b)-

(i) taka two thousand per square meter in the case of a building or apartment the plinth area of which does not exceed two hundred square meter;

(ii) taka three thousand per square meter in the case of a building or apartment the plinth area of which exceeds two hundred square meter;

(d) for building or apartment situated in the area or a paurasabha of any district headquarters-

(i) 2[taka six hundred]  per square meter in the case of a building or apartment the plinth area of which does not exceed two hundred square meter;

(ii) 3[taka eight hundred] per square meter in the case of a building or apartment the plinth area of which exceeds two hundred square meter;

(e) for building or apartment situated in the area other than the areas mentioned in clauses (a) to (d)-

(i) 4[taka four hundred] per square meter in the case of a building or apartment the plinth area of which does not exceed two hundred square meter;

(ii) 5[taka six hundred]  per square meter in the case of a building or apartment the plinth area of which exceeds two hundred square meter.

 (2) The rate of tax mentioned in sub-section (1) shall be twenty per cent higher in case where the assessee already owns a building or apartment in any City Corporation before such investment is completed; or the assessee makes such investment in two or more buildings or apartments.

(3) The provision of this section shall not apply where the source of such investment, made by the assessee for the purchase or construction of such residential building or apartment, is-

(a) derived from any criminal activities under any other law for the time being in force; or

(b) not derived from any legitimate source.]

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1 Ins. new section 19BBBBB by F. S. 2013

2 Subs. for "taka one thiusend" by F. A. 2015

3 Subs. for "taka one thiusend and five hundred" by F. A. 2015

4 Subs. for "taka seven hundred" by F. A. 2015

5 Subs. for "taka one thiusend" by F. A. 2015

 

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