8A. Maintenance of accounts in a bank by the owner of house property

¹[8A. Maintenance of accounts in a bank by the owner of house property

(1) Subject to the provision of sub- rules (2) and (3), where any person having ownership or possession of any poperty, whether used for commercial or residential purpose. receives any sum or aggregate of sums exceeding taka 25,000/- (twenty five thousand) per month respect of any rent of such house property or its unit, such person shall maintain a bank account in any schedule bank for the purpose of depositing rent for the house property or its unit and deposit such rent or any advance received or receivable from such house property or its unit in such bank account.

(2) Where the person having ownership possession mention sub-rule (1) has one or more tenants and receive the sum or aggregate of sum exceeding taka 25,000/- (twenty five thousand) per month, he shall maintain a separate register and record regarding particulars of the tenant or tenants and the sum or sum received.

(3) Nothing contained in this rule shall prevent such person from recording any other particular in the register as specified in sub-rule (2).]

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¹ Ins. new rules 8A by এস. আর. ও নং 216-আইন/আয়কর/2014, তারিখঃ 18/08/2014

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