65B. Rate of allowances in respect of publicity and advertisement expenses

1[65B. Rate of allowances in respect of publicity and advertisement expenses.---      

(1)       For the purpose of section  30(f)  (iii) of the Ordinance, the rates in excess of which no deduction shall be admissible for expenditure in respect of publicity and advertisement are specified below:-
 

(i)         up to a turnover or receipt of taka 50 lakhs.  At the rate of 0.50%
(ii)        on the next taka 2 crores 50 lakhs.                    At the rate of 0.40%
(iii)       on the next taka 7 crores                                   At the rate of 0.30%
(iv)       on the next taka 10 crores                                 At the rate of 0.20%
(v)        on the next taka 20 crores                                 At the rate of 0.15%
(vi)       on the balance                                                  At the rate of 0.10%]

(2)        Notwithstanding  anything  contained  in  this  rule,  any  expenditure  on publicity and advertisement for which payment has been made in a sum exceeding taka 10,000 shall not be allowed as a deduction in computing the total income unless such payment is made by a crossed cheque drawn on a bank or by a crossed bank draft.

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1.Subs. S.R.O.No.318-L/85,dt. 04-07-1985 Subsequently omitted form the date of insertion vide

 S.R.O.No.32A-L/86,dt. 30-07-1986

 

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