58E.Treatment of consideration in lieu of assignment, etc. of beneficial interest

58E.Treatment of consideration in lieu of assignment, etc. of beneficial interest.----      

If an employee assigns or creates a charge upon his beneficial interest in an approved gratuity fund, the Deputy Commissioner of Taxes shall, on the fact of the assignment or charge coming to his knowledge, give notice to the employee that if he does not secure the cancellation on the receipt of the notice, the consideration received for such assignment or charge shall be deemed to be the income received by him in year in which the fact became known to the Deputy Commissioner of Taxes and shall be assessed accordingly.]

About Author

Golden Bangladesh

Golden Bangladesh is a point of access to information.We present information from diverse sources in a unified way. It is the leading web portal, e-Directory and business guide in Bangladesh.