53K. Deduction of tax from advertising bill of newspaper or magazine or private television channel.-

53K.  Deduction  of  tax  from  advertising  bill  of  newspaper  or  magazine  or private  television  channel  ¹[or  private  radio  station ²[,  etc.]- 

The Government  or  any  authority,  corporation  or  body,  including  its  units,  the activities  or  the  principal  activities  of  which  are  authorized  by  any  Act, Ordinance,  Order  or  any  other  Instrument  having  the  force  of  law  in Bangladesh  or any  company  as  defined  in  clause  (20)  of  section (2)  or  any banking  company  or  any  insurance  company  or  any  co-operative  bank established  by  or  under  any  law  for  the  time  being  in  force  or  any  non government  organization  registered  with  NGO  Affairs  Bureau  or  any university  or  medical  college  or  dental  college  or  engineering  college responsible  for  making  any  payment  to  newspaper  or  magazine  or  private television  channel  ³[or ⁴[private  radio  station  or  any  web  site ⁵[or any person on  account  of advertisement  or]  purchasing  airtime  of  private  television  channel  or  radio station  or  such  web  site]  shall  deduct  tax  in  advance  at  the  time  of  such payment at the rate of ⁶[four percent (4%)]

...........................................................................

¹Ins. by F.A. 2012
²Ins. by F.A. 2014
³Ins. by F.A. 2012

⁴ Subs. for "private  radio  station  on account  of advertisement or  purchasing  airtime  of  private  television  channel  or  radio station" by F. A. 2014

⁵ Subs. for "on  account  of advertisement  of" by F. A. 2015

⁶ Subs. for "three percent" by F. A. 2015

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