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1[53O. Deduction of tax from gains of securities traded in the Stock Exchanges.-
(1) The Principal Officer of a company holding Trading Right Entitlement Certificate (TREC) under ―এক্সচেচেস ডিডিউচ্যুয়ালাইচেশন আইন, ২০১৩, (২০১৩ সচনর ১৫ নং আইন)‖ of any stock exchange dealing in shares or securities listed with such stock exchange or a bank or merchant bank or financial institution maintaining account of any investor of shares or securities shall deduct tax at the rate of ten percent of the realised gains derived by any company, as defined in clause (20) of section 2 of this Ordinance, or firm before closing of a financial year.
(2) For the purpose of calculation of the realised gain of a share or security under sub-section (1), proportionate average cost of such share or security including all commissions, fees or interest of any loan or advance paid or charged in relation to the transfer of share or security shall be deducted from the sale value of such shares or securities.]
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1 Omitted by F. A.2015
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