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1[17BB. Deduction of tax from rental value of vacant land or planr and/or machinary,-
For the purpose of making a deduction of tax under section 53J of the Ordinance, every person mentioned in that section who is responsible for making any payment to the owner of a vacant land or plant and/or machinery on account of rentel value of land or plant and/or machinery shall deduct an amount calculated on such payement at the rates laid down in the schedule below:
Sl No. |
Amount of payments |
Rate of Deduction of tax at the time of making payments. |
1 |
Where the monthly payment does not exceed taka 15,000 (fifteen thousand). |
Nil. |
2 |
Where the monthly payment exceeds taka 15,000 (fifteen thousand) but does not exceed taka 3,000 (thirty thousand). |
3% |
3 |
Where the monthly payment exceeds taka 30,000 (thirty thousand). |
5%] |
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1 Ins. by S.R.O No. 203-L/IT/2008, dt:30-06-2008. dt 30-06-2008 and omitted by S.R.O No. 251-L/It/2012, dt01-07-2012
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