The Finance Ordinance, 1982

An Ordinance to give effect to the financial proposals of the Government and to amend certain laws. WHEREAS it is expedient to make provisions to give effect to the financial proposals of the Government and to amend certain laws for the purpose hereinafter appearing; NOW, THEREFORE, in pursuance of the Proclamation of the 24th March, 1982, and in exercise of all powers enabling him on that behalf, the Chief Martial Law Administrator is pleased to make and promulgate the following Ordinance:-

Section 1. Short title and commencement

(1) This Ordinance may be called the Finance Ordinance, 1982.

(2) Except as otherwise provided in this Ordinance, this section and sections 5, 11 and 13 shall come into force at once, and other sections shall come into force on the first day of July, 1982.

Section 2. Amendments of Act XI of 1922

The following amendments shall be made in the Income tax Act, 1922 (XI of 1922), namely:-

(1) in section 2, clause (6AA) shall be omitted;

(2) in section 4, in sub section (3), -

(3) in section 7, in sub section (1), in the third proviso, for the words “four thousand two hundred Taka”, “two thousand four hundred Taka” and one thousand eight hundred Taka” the words “six thousand Taka”, “three thousand two hundred Taka” and “two thousand four hundred Taka” shall, respectively, be substituted;

(4) in section 8, in the second proviso, the words “or super tax” shall be omitted;

(5) in section 9, in sub section (2), in the first proviso, in clause (b), for the words “the total income” the words “all other income excluding the notional income from the residential house” shall be substituted;

(6) in section 10, in sub section (2),-

“Provided further that any sum paid to an employee as festival bonus shall not be subjected to the conditions laid down in the first proviso;”;

(7) in section 12B, after sub section (6), the following new sub section (7) shall be added, namely:-

“(7) Notwithstanding anything contained in sub section (1) where a capital gain arises from the sale, exchange or transfer of a capital asset being buildings or lands which within a period of two years immediately following the date on which the sale, exchange or transfer took place, is invested in the acquisition of capital asset of a new industrial undertaking, then instead of the capital gain being charged to tax as income of the previous year in which the sale, exchange or transfer took place, it shall, if the assessee so elects in writing before the assessment is made, be dealt with in accordance with the following provisions of this sub section, that is to say,

Provided that where in respect of the acquisition of the capital asset of a new industrial undertaking, the assessee satisfies the Deputy Commissioner of Taxes that despite the exercise of due diligence it has not been possible to acquire the new asset within the period specified in this sub section, the Deputy Commissioner of Taxes may, with the prior approval of the Inspecting Joint Commissioner of Taxes, extend the said period to such date as he considers reasonable.”;

(8) in section 13A, in sub section (1), for the words “twenty lakhs” the words “ten lakhs” shall be substituted;

(9) in section 14, in sub section (3), in clause (b), in sub clause (ii), in the Explanation, in clause (b), for the words “ten thousand” the words “fifty thousand” shall be substituted;

(10) in section 14A,-

(11) in section 15, sub section (3A) shall be omitted;

(12) section 15A shall be omitted;

(13) in section 15D, in sub section (1), the proviso shall be omitted;

(14) after section 15D, the following new section 15DD shall be inserted, namely-

“15DD. Contribution to Zakat Fund, etc.-The tax shall not be payable by any person in respect of any sums paid by him as Zakat to the Zakat Fund or as donation or contribution to the charitable Fund established by or under the Zakat Fund Ordinance, 1982”;

(15) section 15E shall be omitted;

(16) in section 15G,-

“(3) Where no tax is payable by a company in respect of the year in which it makes such investment or where the amount of tax payable is less than the amount of credit, the amount of the credit or so much of it as has not been deducted, as the case may be, shall be carried forward and deducted from the tax payable by the company in the following year and so on”.;

(17) section 15H shall be omitted;

(18) in section 16, in sub section (1), for clause (a) the following shall be substituted, namely:-

“(a) any sums exempted under the first, third and fourth provisos to sub section (1) of section 7, the second proviso to section 8, sub-section (2) of section 14, section 15, section 15AA, section 15C, section 15CC, section 15D, section 15DD and section 15F shall be included;”;

(19) in section 17,-

“(ii) in the case of other assessees-

| (1) Where the capital gains arise as a result of disposal by the assessee of his capital assets after two years but within five years from the date of their acquisition. | Income‑tax payable on the capital gains at the rate applicable to his total income including the said capital gains, or in┬¡come‑tax at the rate of 25% on the amount of capital gains, whichever is the lower. | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (2) Where the capital gains arise as a result of disposal by the assessee of his capital assets after five years but within fifteen years from the date of their acquisition. | Income‑tax payable on the capital gains at the rate applicable to his total income including the said capital gains, or, income‑tax at the rate of┬á┬á 20% on the amount of the capital gains, whichever is the lower. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (3) Where the capital gains arise as a result of disposal by the assessee of his capital assets after fifteen years from the date of their acquisition. | Income‑tax payable on the capital gain at the rate applicable to his total income including the said capital gains,┬á┬á┬á┬á┬á┬á┬á or income‑tax at the rate of 15% on the amount of the capital gains, whichever is the lower.ÔÇØ; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (iii) the proviso at the end shall be omitted; ┬á ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (20) in section 18,-┬¡ ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (a)┬á┬á sub-section (3A) shall be omitted; ┬á (b)┬á┬á in sub‑section (3B), the words ÔÇ£and super‑taxÔÇØ and the words ÔÇ£and super‑tax at the rateÔÇØ shall be omitted; ┬á (c)┬á┬á sub‑section (3D) shall be omitted; | (iii) the proviso at the end shall be omitted; | ┬á | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (20) in section 18,-┬¡ | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á | (a)┬á┬á sub-section (3A) shall be omitted; | ┬á | (b)┬á┬á in sub‑section (3B), the words ÔÇ£and super‑taxÔÇØ and the words ÔÇ£and super‑tax at the rateÔÇØ shall be omitted; | ┬á | (c)┬á┬á sub‑section (3D) shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (iii) the proviso at the end shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (20) in section 18,-┬¡ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (a)┬á┬á sub-section (3A) shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (b)┬á┬á in sub‑section (3B), the words ÔÇ£and super‑taxÔÇØ and the words ÔÇ£and super‑tax at the rateÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (c)┬á┬á sub‑section (3D) shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (d)┬á┬á in sub‑section (5) the words ÔÇ£or super‑taxÔÇØ shall be omitted; ┬á (e)┬á┬á in sub‑section (9),┬¡- ┬á (i)┬á┬á┬á the words ÔÇ£or super‑taxÔÇØ occurring twice shall be omitted fromboth the places; and ┬á (ii)┬á┬á the brackets, figure, letter and comma ÔÇ£3A,ÔÇØ shall be omitted; ┬á ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (21) in section 18A- ┬á (a) ┬á in sub‑section (1)- ┬á (i) ┬á┬á the words ÔÇ£and super‑taxÔÇØ wherever occurring shall be omitted; ┬á (ii)┬á┬á for the words ÔÇ£twenty‑five thousand TakaÔÇØ the words ÔÇ£fifty thousand TakaÔÇØ shall be substituted; ┬á (iii)┬á the brackets, figure, letter and comma ÔÇ£(3A)ÔÇØ, shall be omitted; ┬á (b)┬á┬á in sub‑section (3), for the words ÔÇ£twenty‑five thousand TakaÔÇØ the words ÔÇ£fifty thousand TakaÔÇØ shall be substituted; ┬á (c) ┬á in sub‑section (5), forthe words ÔÇ£ten per centÔÇØ the words ÔÇ£thirteen and a half per centÔÇØ shall be substituted; ┬á (22) ┬á in section 21, in clause (c), the words ÔÇ£and super‑taxÔÇØ shall be omitted; ┬á (23) ┬á section 21A shall be omitted; ┬á (24) ┬á in section 22,- ┬á in sub‑section (1) in the second proviso, for the words ÔÇ£Taka twenty-five thousandÔÇØ the words ÔÇ£Taka fifty thousandÔÇØ shall be substituted; ┬á (25) ┬á┬á in section 23, sub‑section (3A) shall be omitted; ┬á (26) ┬á┬á in section 23B, in sub‑section (3), the words and comma ÔÇ£super‑tax, but notÔÇØ shall be omitted; ┬á (27) ┬á┬á in section 26A, in sub‑section (1), the words ÔÇ£or super‑taxÔÇØ shall be omitted; | (d)┬á┬á in sub‑section (5) the words ÔÇ£or super‑taxÔÇØ shall be omitted; | ┬á | (e)┬á┬á in sub‑section (9),┬¡- | ┬á | (i)┬á┬á┬á the words ÔÇ£or super‑taxÔÇØ occurring twice shall be omitted fromboth the places; and | ┬á | (ii)┬á┬á the brackets, figure, letter and comma ÔÇ£3A,ÔÇØ shall be omitted; | ┬á | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (21) in section 18A- | ┬á | (a) ┬á in sub‑section (1)- | ┬á | (i) ┬á┬á the words ÔÇ£and super‑taxÔÇØ wherever occurring shall be omitted; | ┬á | (ii)┬á┬á for the words ÔÇ£twenty‑five thousand TakaÔÇØ the words ÔÇ£fifty thousand TakaÔÇØ shall be substituted; | ┬á | (iii)┬á the brackets, figure, letter and comma ÔÇ£(3A)ÔÇØ, shall be omitted; | ┬á | (b)┬á┬á in sub‑section (3), for the words ÔÇ£twenty‑five thousand TakaÔÇØ the words ÔÇ£fifty thousand TakaÔÇØ shall be substituted; | ┬á | (c) ┬á in sub‑section (5), forthe words ÔÇ£ten per centÔÇØ the words ÔÇ£thirteen and a half per centÔÇØ shall be substituted; | ┬á | (22) ┬á in section 21, in clause (c), the words ÔÇ£and super‑taxÔÇØ shall be omitted; | ┬á | (23) ┬á section 21A shall be omitted; | ┬á | (24) ┬á in section 22,- | ┬á | in sub‑section (1) in the second proviso, for the words ÔÇ£Taka twenty-five thousandÔÇØ the words ÔÇ£Taka fifty thousandÔÇØ shall be substituted; | ┬á | (25) ┬á┬á in section 23, sub‑section (3A) shall be omitted; | ┬á | (26) ┬á┬á in section 23B, in sub‑section (3), the words and comma ÔÇ£super‑tax, but notÔÇØ shall be omitted; | ┬á | (27) ┬á┬á in section 26A, in sub‑section (1), the words ÔÇ£or super‑taxÔÇØ shall be omitted; | | | | | | (d)┬á┬á in sub‑section (5) the words ÔÇ£or super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (e)┬á┬á in sub‑section (9),┬¡- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (i)┬á┬á┬á the words ÔÇ£or super‑taxÔÇØ occurring twice shall be omitted fromboth the places; and | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (ii)┬á┬á the brackets, figure, letter and comma ÔÇ£3A,ÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (21) in section 18A- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (a) ┬á in sub‑section (1)- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (i) ┬á┬á the words ÔÇ£and super‑taxÔÇØ wherever occurring shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (ii)┬á┬á for the words ÔÇ£twenty‑five thousand TakaÔÇØ the words ÔÇ£fifty thousand TakaÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (iii)┬á the brackets, figure, letter and comma ÔÇ£(3A)ÔÇØ, shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (b)┬á┬á in sub‑section (3), for the words ÔÇ£twenty‑five thousand TakaÔÇØ the words ÔÇ£fifty thousand TakaÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (c) ┬á in sub‑section (5), forthe words ÔÇ£ten per centÔÇØ the words ÔÇ£thirteen and a half per centÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (22) ┬á in section 21, in clause (c), the words ÔÇ£and super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (23) ┬á section 21A shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (24) ┬á in section 22,- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | in sub‑section (1) in the second proviso, for the words ÔÇ£Taka twenty-five thousandÔÇØ the words ÔÇ£Taka fifty thousandÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (25) ┬á┬á in section 23, sub‑section (3A) shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (26) ┬á┬á in section 23B, in sub‑section (3), the words and comma ÔÇ£super‑tax, but notÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (27) ┬á┬á in section 26A, in sub‑section (1), the words ÔÇ£or super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (28) in section 28,┬¡- ┬á (a) ┬á in sub‑section (1A), the words ÔÇ£and super-taxÔÇØ shall be omitted; ┬á (b) ┬á in sub‑section (1B), for words ÔÇ£eighty per centÔÇØ occurring twice the words ÔÇ£seventy‑five per centÔÇØ shall be substituted inboth the places; ┬á (c) ┬á in sub‑section (2), the words ÔÇ£and super‑taxÔÇØ occurring twice shall be omitted in both the places; ┬á (d) ┬á in sub‑section (2A) for the words ÔÇ£eighty per centÔÇØ the words┬á ÔÇ£seventy‑five per centÔÇØ shall be substituted; ┬á (29) ┬á in section 34, in sub‑section (2D) for the word ÔÇ£whereÔÇØ at the beginning the words, brackets, figure and letter ÔÇ£Notwithstanding anything contained in sub‑section (1A) whereÔÇØ shall be substituted; ┬á (30) in section 44F, the words ÔÇ£or super‑taxÔÇØ wherever occurring shall be omitted; ┬á (31) in section 47A, in sub‑section (1), for the words ÔÇ£fifty thousand TakaÔÇØ the words ÔÇ£one lakh TakaÔÇØ shall be substituted; ┬á (32) in section 49AA, in sub‑section (2), the words ÔÇ£including super‑taxÔÇØ shall be omitted; ┬á (33) in section 49B, the brackets and words ÔÇ£(exclusive of super‑tax)ÔÇØ shall be omitted; ┬á (34) in section 49C, the brackets and words ÔÇ£(but not super‑tax)ÔÇØ occurring twice shall be omitted in both the┬á┬á places; ┬á (35) ┬á in section 49D, in sub‑section (1),- ┬á (a) ┬á in the first proviso,- ┬á (i)┬á┬á┬á brackets and words ÔÇ£(but not super‑tax)ÔÇØ shall be omitted; ┬á (ii) ┬á the comma and the words ÔÇ£, but as if for the reference to income‑tax therein there were submitted a reference to super‑taxÔÇØ shall be omitted; ┬á (b)┬á in the Explanation, in clauses (i) and (iii), the words ÔÇ£and super‑taxÔÇØ shall be omitted; ┬á ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (36)┬á in section 50, the words ÔÇ£or super‑taxÔÇØ shall be omitted; | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (28) in section 28,┬¡- | | ┬á | | (a) ┬á in sub‑section (1A), the words ÔÇ£and super-taxÔÇØ shall be omitted; | | ┬á | | (b) ┬á in sub‑section (1B), for words ÔÇ£eighty per centÔÇØ occurring twice the words ÔÇ£seventy‑five per centÔÇØ shall be substituted inboth the places; | | ┬á | | (c) ┬á in sub‑section (2), the words ÔÇ£and super‑taxÔÇØ occurring twice shall be omitted in both the places; | ┬á | (d) ┬á in sub‑section (2A) for the words ÔÇ£eighty per centÔÇØ the words┬á ÔÇ£seventy‑five per centÔÇØ shall be substituted; | ┬á | (29) ┬á in section 34, in sub‑section (2D) for the word ÔÇ£whereÔÇØ at the beginning the words, brackets, figure and letter ÔÇ£Notwithstanding anything contained in sub‑section (1A) whereÔÇØ shall be substituted; | ┬á | (30) in section 44F, the words ÔÇ£or super‑taxÔÇØ wherever occurring shall be omitted; | ┬á | (31) in section 47A, in sub‑section (1), for the words ÔÇ£fifty thousand TakaÔÇØ the words ÔÇ£one lakh TakaÔÇØ shall be substituted; | ┬á | (32) in section 49AA, in sub‑section (2), the words ÔÇ£including super‑taxÔÇØ shall be omitted; | ┬á | (33) in section 49B, the brackets and words ÔÇ£(exclusive of super‑tax)ÔÇØ shall be omitted; | ┬á | (34) in section 49C, the brackets and words ÔÇ£(but not super‑tax)ÔÇØ occurring twice shall be omitted in both the┬á┬á places; | ┬á | (35) ┬á in section 49D, in sub‑section (1),- | ┬á | (a) ┬á in the first proviso,- | ┬á | (i)┬á┬á┬á brackets and words ÔÇ£(but not super‑tax)ÔÇØ shall be omitted; | ┬á | (ii) ┬á the comma and the words ÔÇ£, but as if for the reference to income‑tax therein there were submitted a reference to super‑taxÔÇØ shall be omitted; | ┬á | (b)┬á in the Explanation, in clauses (i) and (iii), the words ÔÇ£and super‑taxÔÇØ shall be omitted; | ┬á | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (36)┬á in section 50, the words ÔÇ£or super‑taxÔÇØ shall be omitted; | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (28) in section 28,┬¡- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (a) ┬á in sub‑section (1A), the words ÔÇ£and super-taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (b) ┬á in sub‑section (1B), for words ÔÇ£eighty per centÔÇØ occurring twice the words ÔÇ£seventy‑five per centÔÇØ shall be substituted inboth the places; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (c) ┬á in sub‑section (2), the words ÔÇ£and super‑taxÔÇØ occurring twice shall be omitted in both the places; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (d) ┬á in sub‑section (2A) for the words ÔÇ£eighty per centÔÇØ the words┬á ÔÇ£seventy‑five per centÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (29) ┬á in section 34, in sub‑section (2D) for the word ÔÇ£whereÔÇØ at the beginning the words, brackets, figure and letter ÔÇ£Notwithstanding anything contained in sub‑section (1A) whereÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (30) in section 44F, the words ÔÇ£or super‑taxÔÇØ wherever occurring shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (31) in section 47A, in sub‑section (1), for the words ÔÇ£fifty thousand TakaÔÇØ the words ÔÇ£one lakh TakaÔÇØ shall be substituted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (32) in section 49AA, in sub‑section (2), the words ÔÇ£including super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (33) in section 49B, the brackets and words ÔÇ£(exclusive of super‑tax)ÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (34) in section 49C, the brackets and words ÔÇ£(but not super‑tax)ÔÇØ occurring twice shall be omitted in both the┬á┬á places; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (35) ┬á in section 49D, in sub‑section (1),- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (a) ┬á in the first proviso,- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (i)┬á┬á┬á brackets and words ÔÇ£(but not super‑tax)ÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (ii) ┬á the comma and the words ÔÇ£, but as if for the reference to income‑tax therein there were submitted a reference to super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (b)┬á in the Explanation, in clauses (i) and (iii), the words ÔÇ£and super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (36)┬á in section 50, the words ÔÇ£or super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (37)┬á in section 58G- ┬á (a)┬á sub‑section (i) shall be omitted; ┬á (b)┬á in sub‑section (3) , the words ÔÇ£and super‑taxÔÇØ occurring twice shall be omitted in both the places; ┬á (38) in section 58J, in sub‑section (2), in the second paragraph, the words ÔÇ£and super‑taxÔÇØ shall be omitted; ┬á (39) in section 58L, in sub‑section (2), in clause (d), the words ÔÇ£and super-taxÔÇØ shall be omitted; ┬á┬á┬á┬á┬á┬á┬á┬á | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (37)┬á in section 58G- | ┬á | (a)┬á sub‑section (i) shall be omitted; | ┬á | (b)┬á in sub‑section (3) , the words ÔÇ£and super‑taxÔÇØ occurring twice shall be omitted in both the places; | ┬á | (38) in section 58J, in sub‑section (2), in the second paragraph, the words ÔÇ£and super‑taxÔÇØ shall be omitted; | ┬á | (39) in section 58L, in sub‑section (2), in clause (d), the words ÔÇ£and super-taxÔÇØ shall be omitted; | ┬á┬á┬á┬á┬á┬á┬á┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á (37)┬á in section 58G- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (a)┬á sub‑section (i) shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (b)┬á in sub‑section (3) , the words ÔÇ£and super‑taxÔÇØ occurring twice shall be omitted in both the places; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (38) in section 58J, in sub‑section (2), in the second paragraph, the words ÔÇ£and super‑taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (39) in section 58L, in sub‑section (2), in clause (d), the words ÔÇ£and super-taxÔÇØ shall be omitted; | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ┬á┬á┬á┬á┬á┬á┬á┬á | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Section 3. Amendment of the First Schedule, Ben. Act I of 1932

In the Motor Vehicles Tax Act, 1932 (Ben. Act I of 1932), for the First Schedule the following shall be substituted, namely-