17. Deduction of tax from indenting and shipping agency commission

¹[ ²[17. Deduction of tax from indenting and shipping agency commission.--

(1) The authority making any payment or the Bangladesh Bank or any scheduled bank through which remittance of indenting commission is received shall, for the purpose of  making  a  deduction  of  tax  under  section  52(1),  deduct  or  collect  an  amount calculated at the rate of ³[seven and a half per cent] on the total receipts of commission.

(2) The authority making any payment or the Bangladesh Bank or any scheduled bank through which remittance of shipping agency commission is received shall, for the purpose of making a deduction of tax under section  52(1), deduct or collect an amount calculated at the rate of five percent on the total receipts of commission.

(3) Any deduction or collection made by the authority making any payment or the
Bangladesh Bank or any scheduled bank receiving any commission under this rule shall be deemed to be an advance payment of tax made by the indentor or the shipping agent, as the case may be.

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¹ Omitted by S.R.O No. 192-L/IT/2015, dt: 30-06-2015

1.Subs.by S.R.O.No. ১৭৯-আয়কর /২০০২ তারিখ ০৩/০৭/২০০২

2. Subs.for "three and a half per cent" by S.R.O.No. ২৬২-আইন/আয়কর ২০১০.তাং ০১-০৭-২০১০

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