Case study

Mr. Ashraf is serving in a Multinational company. From July 2010 to June 2011 he has the following income.

Salary income:
Basic salary: Tk. 40,000/- per month. House rent: Tk. 25,000/- per month. (or you can think here he has got a furnished apartment for which he has to pay a concessional rent TK. 15.000/- whose actual rent is TK.30,000/- Guess what happened ) Conveyance allowance: TK. 4,000/- per month. (or you can think here that company gave him a whole time car. There is a loan arrangement of twenty lacs between Mr. Ashraf and the company that every month he pays TK. 10,000/- as loan refund and when loan is fully paid he would be the owner of the car. Beside this, Mr. Ashraf got the salary of the driver, fuel & maintenance as needed from the company. Guess what happened?).Only for discussion. Medical allowance; TK.48,000/- Actual Expense TK.40,000/- per annum Entertainment allowance: TK. 2000/- per month (or you can think he has got lunch allowance tk.2,000/- per month. Guess what happened). Bonus: TK. 80,000/- per year Incentive bonus TK. 80,000 per year Leave Encashment-one month salary Deposited to Provident fund by him: TK. 48,000/- per year and also by employer: TK.48,000/- per year. He has a maid servant whose salary TK. 3000/- per month is bore by the company Tax deduction at source from salary 8,000/- per month.

Income from House property:

Mr. Ashraf has a flat from which he has following income and expenses. Rent received: TK 25,000/- per month. Municipal tax: TK. 8,000/- per year Land revenue: TK. 500/- per year. Installment of HBFC loan: Principal-TK.80,000/- and interest TK. 60,000/- per year.

Business Income:
He has a pharmacy from which he has a net income of TK. 2,50,000/- per year. He has also income from capital gain of selling share TK.5,00,000/-

Agricultural Income:
He has 7.5 bighas of agricultural land.

Income from other sources:

He has TK. 15,00,000/- three monthly saving certificates from which he got interest income 45,000/- per quarter and tax deducted at source at a rate of 10%. He has a savings account from which he got TK. 50,000/- interest and deduction at source TK.5000/-. He has paid an amount of 95,000/- as advance tax. He has also paid TK.8000/- as advance tax in time of renewal of fitness of his car Foreign Income: He went to USA for a training for 3 months and saved US$ 5,500 and declared in the custom authority at ZIA on arrival , cashed at a money exchange and got TK.3,82,250/-

Investment for tax rebate:

He has life insurance in his name with ALICO, premium paid TK.12,000/- (Face value of the insurance is TK.1,00,000/-) He has an education insurance policy in his sons name, premium paid TK.5,000/He has purchased Bangladesh Sanchaypatra at an amount of TK. 2,00,000/-. He has purchased Primary share and mutual fund at an amount of TK. 3,00,000/-. He has purchased secondary share at an amount of TK. 2,00,000/-. Please calculate Total income of Mr. Ashraf and tax payable by him.
1

Mr Ashrafs last year IT 10B was as follows: 1(a).Business capital2.Non- agricultural property4(a). Shares4(b). Sanchaypatra5. Motor vehicle
9. Cash asset Outside Business: (a) Cash in hand (b) Cash at bank (c) Other deposits Total gross wealth Total liability Total net wealth as on 30 June 2010 Assume family expenditure during the year is 10,50,000/Please calculate total net wealth as on 30 June 2011.
Solution:

10,50,000/40,00,000/18,00,000/15,00,000/-------------------------------------------------33,00,000/15,00,000/Tk. 48,25,000/Tk. 2,25,525/Tk. ............................. 50,50,525 1,49,00,525/20,00,000/1,29,00,525/-

Salary income:
Salary Income
Basic salary House rent (25,000/- 12) Conveyance allowance (4,00012) Medical allowance (4,00012) Entertainment Allowance Bonus Incentive bonus Leave encashment Servant salary Employers contribution to provident fund Salary Income House property Income Annual rent received(25,000/- 12month) Repair & maintenance (3,00,000/4) Municipal tax Land revenue Interest on HBFC loan Total allowable expenditure Income from house property Business Income Agricultural Income 7.5 bigas 15 mond paddy market price (TK. 900/-) Less production (1,01,250/-60%) Agricultural Income
2

40,000/- 12 month 3,00,000-1,80,000 48,000-24000 48,000-40,000 2,000/- 12 month 80,000 80,000 40,000 3,000/-x 12 month 48,000/-

4,80,000/1,20,000/24,000/8,000/24,000/80,000/80,000/40,000/36,000/48,000/9,40,000/-

3,00,000/75,000/8,000/500/60,000/(1,43,500/-) 1,56,500/2,50,000/1,01,250/60,750/40,500/-

Income from other source Profit from 3 monthly savings certificate Interest Income from savings account Income from other source Capital Gain from sale of share Foreign income
Total Income Calculation of Tax:

45,000/- 4=1,80,000/50,000/5,00,000/3,82,250 2,30,000/Tax free Tax free

16,17,000/-

(i) First 1,80,000/0 0 (ii) Next 3,00,000/10% 30,000/(iii) Next 4,00,000/15% 60,000/(iv) Next 3,00,000/20% 60,000/(v) Rest 4,37,000/25% 1,09,250 Total tax 2,59,250/Tax Rebate: Investment/gift: Life insurance TK. fit for rebate 10% of face value (1,00,000*10%) Education policy for son Investment to saving certificate (Sanchaypatra)

48,000/48,000/6,11,000/20% of total Income excluding employers contribution to provident fund (16,17,000-48,000/-) X 20% =3,13,800/- or

Investment to primary share & mutual fund Purchase of secondary share TK. 2,00,000/Employees contribution to provident fund Employers contribution to provident fund Total Investment/gift

10,000/5,000/2,00,000/3,00,000/Not fit 4 rebate

Actual Investment =6,11,000/- or 10,00,000/--whichever is less, would qualify for tax rebate at a rate of 10%. Tax rebate would be (3,13,800 10%) 31,380/Total tax after rebate (2,59,250-31,380) 2,27,870/Less advance payment of tax/deduction at source: (i) Advance payment of tax for salary (8,000/- 12) =96,000/(ii) Deduction at source on interest of sanchaypatra (1,80,000/- 10%) = 18,000/(iii) Deduction at source for bank Interest = 5,000/(iv) Advance payment of tax =95,000/(v) Advance tax for car = 8,000/Total tax paid in Advance 2,22,000/Net tax payable with return (2,27,870-2,22,000) 5,870 /Total fund available: Return income: 16,17,000/Tax free share income5,00,000/Tax free foreign income- 3,82,250/Tax free house allowance 1,80,000/Tax free conveyance allow. 24,000/Medical allowance 40,000/---------------------------------------------------------Total tax free/tax exempted income --------------------11,26,250/Total available fund----------------------------------------------------------------TK.27,43,250/-

IT-10B Statement of assets and liabilities (as on .........................................) Name of the Assessee: ..................................................... 1. (a) Business Capital (Closing balance) (b) Directors Shareholdings in Limited Companies ( at cost) Name of Companies Number of shares TIN -

Tk .10,50,000/Tk. ..........................

2. 3.

Non-Agricultural Property (at cost with legal expenses ) : Land/House property (Description & location of property) Agricultural Property (at cost with legal expenses ) : Land (Total land and location of land property) Investments: (a) Shares/Debentures (b) Saving Certificate/Unit Certificate/Bond (c) Prize bond/Savings Scheme (d) Loans given to wife (e) Other Investment

Tk. .40,00,000/Tk..........

4.

Tk. 18,00,000/- +3,00,000+2,00,000/Tk. 15,00,000/-+2,00,000/-

Tk. ............................. Tk. 10,00,000/Tk. ............................. Total = Tk. 50,00,000/Tk. 15,00,000/-

5.

Motor Vehicles (at cost) : Type of motor vehicle and Registration number

6. 7. 8. 9.

Jewellery (quantity and cost) : Furniture (at cost) : Electronic Equipment (at cost) : Cash asset Outside Business: (a) Cash in hand (b) Cash at bank (c) Other deposits

Tk. .......................... Tk. .......................... Tk. ..........................

Tk. Tk. Tk. ............................47,41,775/Total = B/F = Tk. 1,62,91,775/Tk. 1,62,91,775/Tk. Total assets Tk. 1,62,91,775/-

10. Any other assets

(Give details)

11. Less Liabilities: (a) Mortgages secured on property or land (b) Unsecured loans (c) Bank loan (d) Others

Tk. ...20,00,000/--80,000/-

Tk. ............................. Tk. ............................. Tk. ............................. Total liabilities Tk.19,20,000/Tk 1,43,71,775/-

12. Net wealth as on last date of this income year (difference between total assets & total liabilities)

13. Net wealth as on last date of previous income year 14. Accretion in wealth (difference between serial no. 12 & 13) 15. (a) Family Expenditure : (Total expenditure as per Form IT 10 BB) tax paid (b) Number of dependant children of the family: Adult Child

Tk. 1,29,00525/Tk. 14,71,250/Tk. 10,50,000/2,22,000/-

16. Total accretion of wealth (total of serial 14 & 15)

Tk. 27,43,250/-

17. Sources of Fund : (i) Shown Return Income Tk. 16,17,000/Tk.

(ii) Tax exempted/Tax free Income Tk. 11,26,250/(iii) Other receipts

Total source of Fund = 8. Difference (between serial 16 & 17) Tk.

Tk. 27,43,250/Nil

I solemnly declare that to the best of my knowledge and belief the information given in the IT-10B is correct and complete. Name & signature of the Assessee Date .................... Assets and liabilities of self, spouse (if she/he is not an assessee), minor children and dependant(s) to be shown in the above statements. If needed, please use separate sheet.

Case study-2 (Company Assessment)

The profit & loss account of Care Pharmaceuticals for the year ended on June 30, 2010 reports net income of Taka10,00,000. DCT s scrutiny of submitted accounts & supporting documents revealed the following facts: (a) Salary of Taka 5,00,000 and rent of Taka 3,00,000 were paid without deduction at source. (b) Annual perquisites enjoyed by MD, Chairman and 5 members of board of directors amounts of Taka 20,00,000. (c) Payments of brokerage and commission of Taka 1,00,000 made to a non resident without TDS. (d) Sum of Taka 1,20,000 paid to an institution of scientific research which is not approved by NBR. (e) Sum of taka 5,00,000 were expended for establishing a hospital for the benefit of employees without any charge, the company has not claim any other deduction or allowance. (f) Expenditure on foreign travels for holidaying and recreation of the employees and their dependents to the extent of amount equivalent to here months basic salary of taka 3,60,000; actual expenditure being taka 4,00,000 and that the travel was not oftener than once in two years. (g) The company recovered taka 50,000 from bad debt that was written off earlier and was allowed. There is no entry for this transaction. (h) The company had taka 1,00,000 interest due to BSRS in the year 2004 and such interest was shown as allowable deduction in that year. But allowed interest still remains unpaid. (i) The company has a trading liability with one overseas company of taka 2,00,000 which has been totally waived by the overseas company under special agreements during this year (j) During the year, the company sold one equipment for taka 1,80,000 which was purchased at a total cost of taka 1,30,000 and had a written down value (WDV) of taka 90,000 on the date of sale. The company reports taka 90,000 as gain on sale of equipment in the credit side of profit & loss account. (k) Value of the free sample distributed was taka 2,50,000. Annual turnover during the year was taka 1,00,00,000. 5

(l) Sum of taka 1,00,000 was spent to train employees (Bangladeshi citizen) in connection with a scheme approved by the NBR. (m) The company spent a sum of taka 2,00,000 for visit abroad as a member of trade delegation sponsored by the government. (n) Annual membership fee of taka 1,00,000 is paid to Bangladesh pharmaceutical society which is a professional institution recognized by the NBR. (o) Accounting depreciation charged to the account is taka 2,50,000 but tax depreciation amounts to taka 3,00,000 excluding the amount of accelerated depreciation on machinery. (p) The company claimed investment allowance for new machinery installed during the year costing taka 10,00,000 which is entitled to accelerated depreciation. (q) Claimed entertainment expenditure taka 2,00,000. Determine Income of the company for assessment year 2010-11. Care Pharmaceuticals ltd. co Assessment year 2010-11 Particulars Income from business or profession Add for the time being but would be considered later as allowable expenditure according to sec: Accounting depreciation Entertainment Sample expenses Taka Taka 10,00,000

2,50,000 2,00,000 2,50,000 7,00,000

Add: Salary and rent paid without TDS Excess perquisite (20,00,000-2,50,000 X 7) Brokerage & commission paid to nonresident without TDS Amount paid for scientific research, not approved by NBR Excess amount in holidaying & recreation (360,000-4,00,000 x 0.75) Bad debt recovered Interest due to BSRS Waiver of trading liability Revenue gain of sale of equipment

17,00,000 8,00,000 2,50,000 1,00,000 1,20,000 60,000 50,000 1,00,000 2,00,000 40,000 17,20,000 34,20,000

Less: Depreciation Accelerated depreciation (10,00,000 X 80%) Allowable Sample expenses (1,00,00,000 X 2%) Gain on sale of equipment (it would be considered later)

3,00,000 8,00,000 2,00,000 90,000

13,90,000 20,30,000 (60,600) 19,69,400 50,000 20,19,400

Less Entertainment expenses (10,00,000 x 4% +10,30,000 x 2%) Non business Income: Capital Gain Total income

Note-1:
Capital gain and revenue gain of equipment: Sale proceed of Equipment: TK 1,80,000 Purchase cost of Equipment: TK. 1,30,000 Capital Gain: (1,80,000-1,30,000)= TK. 50,000/WDV of Equipment=90,000 So total Gain= (1,80,000-90,000)= TK. 90,000/ -Revenue Gain= 90,000-50,000= TK. 40,000/6

To make TDS user friendly 8th schedule (which is deleted by Finance Act 2012) is given below:

No. Heads

With holding authority

Rate

Chalan in the name of

Respective Zone LTU

Salaries [S-50]

S-50B:Member of perliament Discount on the real value of Bangladesh Bank Bills [S-50 Maximum rate A] 3 Interest on securities [51] Any person responsible for issuing any security 4 Supply of goods and execution of contracts and sub-contracts [s-52, rule-16] Any person responsible for making such payment 2

Any person responsible for making such payment.

deduction at average rate

maximum rate 10% nil up to 2 lac, 2-5 lacs (1%), 5-15 lacs (2.5%), 15-25 lacs 3.5%, 25300 lacs(4%) and above 300 lacs (5%) In case of oil by Oil marketing co upto TK 2,00,000 Nil if payment exceeds 2,00,000 0.75% On indenting commission- 7.5% On Shipping agency commission ----5% 10% LTU Zone-2 (Partly) & LTU

The principal officer of a Zone-8 company or the chief executive of any NGO or trust responsible for making such payment. 7 Royalty, Fees for professional The government or any other Zone-8 or technical services [Sauthority, corporation or body 52A(2)] or any company or any banking company or any 10% of the fees insurance company or any cooperative bank or any NGO responsible for making such payment 8 Fees for professional or Do 10% Zone-8 technical service, (---any other services applying professional knowledge) [section-52A(3)] 9 Stevedoring agency & Private The government or any other Ctg. Zone-2 Security service or any services authority, corporation or body other than services specified in or any company or any this chapter [52AA] banking company or any insurance company or any co10% operative bank or any NGO responsible for paying any commission to a stevedoring agency or making any payment to a private security service. 10 C & F agency Zone-2 Commissioner of customs 10% commission[52AAA] 11 Cigarettes manufacturing Any person responsible for 6% of the value of the banderols Respective [section 52B] selling banderols to any Zone manufacturer of cigarettes. 12 Compensation against Any person responsible for (a). 2% of the amount of such Zone-2 acquisition of property [section payment of such compensation compensation against the 52C] immovable property situated within 7

Indenting commission / Shipping agency commission [S-52, rule-17] 6. Fees for Doctors [section52A(1)]

Any person responsible for making such payment

Zone-2

13 Interest on saving instruments [section 52D] 14 Brick Manufacturer [section 52F]

Any person responsible for making such payment Any person responsible for issuing any permission or renewal of permission for manufacture of bricks.

City Corporation, Paurashava or Cantonment Board (b). 1% of the amount of such compensation against the immovable property situated outside the jurisdiction of City Corporation, Paurashava or Cantonment Board 5% (previously it was 10%) Tk.30,000/- for one section brick field. Tk. 45,000/- for two section brick field. Tk. 60,000/- for three section brick field. 5% Tk. 500/- for each trade license.

Zone-2 Respective Zone

15 Commission of letter of credit [section 52I] 16 Renewal of trade license by City Corporation or Paurashava [section 52K] 17 Freight forward agency commission [section 52M] 18 Rental Power Company [section 52N]

Any person responsible for opening letter of credit. City Corporation or Paurashava. Any person responsible for making such payment. Bangladesh Power Development Board during payment to any power generation company against power purchase. Employer.

LTU Zone-3

15% 4%

19 Foreign technician serving in diamond cutting industries [section 52O] 20 For services from convention hall, conference centre etc. [section 52P]

5%

Respective Zone

Any person, being a 5% corporation, body or authority established by or under any law including any company or enterprise owned, controlled or managed by it, or a company registered under Kvvbx AvBb, 1994 (1994 mbi 18bs AvBb), any Nongovernment Organization registered with N.G.O Affairs Bureau or any university or medical college or dental college or engineering college 21 Deduction of tax from resident Paying or crediting authority 10% for any income in connection (Bank/Financial with any service provided to institution/Money .gram etc any foreign person [section 52Q] 22 Importer [section 53] The Commissioner of 5% Customs. 23 House property [section 53A] The Government or any Up to Tk. 20,000/[rule 17B] authority, corporation or body per month [p. m] ---- Nil or any company or any banking company or any co- From Tk 20,000/- to Tk. 40,000/operative bank or any NGO p.m. -------3% run or supported by any

Zone-2 Zone-2 Dha & Other outside Zone

foreign donation or any university or medical college or dental college or engineering college as tenant. 24 Shipping business of a resident Commissioner of Customs or [section 53AA] any other authority duly authorised.

More than Tk 40,000/- p.m. ---------------- 5%

5% of total freight received or receivable in or out of Bangladesh.

Zone-2,ctg

25

26

27 28

29

30

31

3% of total freight received or receivable from services rendered between two or more foreign countries. Export of manpower [section The Director General, Bureau 10% 53B, rule-17C] of Manpower, Employment and Training. Export of Knit-wear and woven Bank. 0.6% of the total export proceeds. garments, terry towel, jute goods, frozen food, vegetables, leather goods, packed food [section 53BB] Member of Stock Exchanges The Chief Executive Officer of 0.10% [section 53BBB] stock exchange. Export or any goods except Bank. 0.7% of the total export proceeds. knit-wear and woven garments, terry towel, jute goods , frozen food, vegetables, leather goods, packed food [section 53BBBB] Goods or property sold by Any person making sale. 5% of sale price. public auction [section53C] [rule 17D] Courier business of a nonAny person being a company 15% on the amount of service resident [section 53CC] working as local agent of a charge accrued. non-resident courier company. Payment to actors and actresses The person responsible for 10% or purchase of film drama, any making payment. kind of television or radio program [section 53D]

Zone-2, dhk & ctg Zone-5

Zone-7 Zone-5

Zone-2

Zone-6

Zone-2

32 Commission, discount or fees Any person being a 10% [section 53E] "manufactured by corporation, body including a it" deleted company making such payment. 33 Commission or remuneration Bank. 7.5% paid to agent of foreign buyer [section 53EE]

Zone-2 & LTU

34 Interest on saving deposits and Any person responsible for fixed deposits making such payment. [section 53F]

10% (not apply on the amount of interest or share of profit arising out of any deposit pension scheme sponsored by the government or by a schedule bank with prior approval of the Government.) 35 Real estate or land development Any person responsible for (i) Tk. 2,000 per square meter for business registering any document for building or apartment for [section 53FF] transfer or any land or building residential purpose situated at or apartment. Gulshan Model Town, Banani, Baridhara, Motijeel commercial area and dilkusa commercial area of

Dhk.Zone-6, Ctg.Zone-3 and Zone of Respective Division Zone-1

Zone-5

Dhaka and TK 8,000 per sq meter building for commercial purpose.TK. 1800 per SQ meter for residential building situated at Defense Officers Housing Society (DOHS), Dhanmondi Residential Area, Lalmatia Housing Society, Uttara Model Town, Bashundhara Residential Area, Dhaka Cantonment Area, Karwan Bazar Commercial Area of Dhaka and Khulshi Resindential Area, Panchlaish Residential Area and Agrabad of Chittagong; and TK6,000 per SQ meter building used for commercial purpose. (ii) Tk. 800 per square meter for residential building or apartment is situated in areas other than areas mentioned in sub-clause (i) and TK.2,000 per SQ meter for commercial building 2% of deed value from September 1, 2009 in case of property situated in any city corporation, paurashava or cantonment board. 1% of deed value from September 1, 2009 in case of property situated in places other than any city corporation, paurashava or cantonment board. 5%

36 Insurance commission [section 53G] 37 Fees of surveyors of general insurance company [section 53GG]

Any person responsible for paying such commission to a resident. Any person responsible for paying such fees to resident

LTU

38 Transfer of property [section 53H]

39 Interest on deposit of post office & saving bank account [section 53I] 40 Rental value of vacant land or plant or machinery

Dhk.Zone-2, Ctg.Zone-3 and Zone of Respective Division Any person responsible for (a)Within jurisdiction of Dhaka, Survey Zone registering any document of a Gazipur and Narayanganj districts, person. CDA, KDA, RDA, other city corporations, Paurashava, Cantonment Board irrespective of agricultural & nonagricultural land---2% (b)In any area other than the areas mentioned in clause (a) for other than agricultural land--1%. Any person responsible for 10% (not apply if the total amount Zone-2 making such payment. of interest is paid to such payee or class of payees as specified by the Board) The Government or any Up to Tk. 15,000/- per month -----Zone-2 authority, corporation or body ---------Nil.

15%

10

[section 53J] [rule 17BB]

41

42

43.

44

including its units, the activities or any NGO, any university or medical college, dental college, engineering college responsible for making such payment. Advertisement of newspaper or The Government or any other magazine or private television authority, corporation or body channel or any company or any [section 53K] banking company or any insurance company or any cooperative bank or any NGO or any university or medical college or dental college or engineering college responsible for making such payment. Collection of tax from sale of Securities & Exchange share at a premium over face Commission value [section 53L] Collection of tax from transfer Securities & Exchange of shares by the sponsor Commission shareholders of a company listed on stock exchange [section 53M] Dividends The principal officer of a [section 54] company.

From Tk 15,001/- to Tk 30,000/per month 3% More than Tk. 30,000/- per month ---------5% 3%.

Zone-5

3%

Zone-3?

5%

Zone-3?

Resident/ non-resident Bangladeshi company --------------------------20% Resident/ non-resident Bangladeshi person other than company ----10% Non-resident (other than Bangladeshi non-resident) person other than a company---25%. 20% Non resident company at the rate applicable to a company Non-resident non-Bangladeshi person other than a company --25% Non-resident Bangladeshi person at the rate applicable to a resident.]

LTU (only LTUs files) all others Zone-2

45 Income from lottery [section 55] 46 Income of non residents [section 56]

Any person responsible for making such payment. Any person responsible for making such payment.

Zone-2 Zone-6

24A. Return of withholding tax.-The return of withholding tax required to be filed, by the assessee, being a company, under section 75A of the Ordinance shall be in the following form and shall be verified in the manner indicated therein:
Form of return of withholding tax under the Income-tax Ordinance, 1984 (Ord. XXXVI OF 1984) (Return under section 75A)

FOR COMPANY TAXPAYERS ONLY

1. Name of the Company: ................................................................................

11

2. 3. 4. 5.

TIN/UTIN: TCAN:

(a) Circle: .................................. (b) Taxes Zone: ............................................. Deduction/Collection Period: (a) 1st quarter (July-September), (b) 2nd quarter (October-December), (c) 3rd quarter (January-March), (d) 4th quarter (April-June), (a) Address: Year ........ ; Year ........ ; Year ........ ; Year ........ ;

6.

......................................................................................... ......................................................................................... ......................................................................................... (b Phone:........................................................................................................... (c) Fax No.: ....................................................................................................... (d) e-mail:........................................................................................................... (e) web address: http://www....................................................................... (a) (b) (c) (d) (e) Name:....................................................................... Designation:.............................................................. Telephone: ................................................................ Mobile: ................................................................. e-mail: .......................................................................

7.

Contact person:

8.

Particulars of tax deducted or collected: SL. Type of payment Section of Payment I.T.O, during the 1984 quarter (3) 50 52 52 52 52A(1) 52A(2) 52A(3) 52AA 52AA 52AA 52I 52M 52O (4) Rate of Amount of deduction/ tax collection deduction/ collection (5) (6)

(1) (2) 1. Salary 2. a. Payment to contractors/ suppliers b. Indenting commission Shipping agency commission 3. a. Service of doctor b. Royalty or technical know-how fee c. Fees for professional & technical services a. Payment for private security service b. Payment to Stevedoring agencies c. Any other service L/C commission Freight forward agency commission Payment to foreign technician serving in diamond cutting industry c.

4.

5. 6. 7.

12

8. Payment for services 52P from convention hall etc. 9. Payment to resident 52Q. person against services provided to foreign person 10. House/office rent 53A 11. Collection of tax from 53AA shipping business of a resident 12. Receipt from export of 53B manpower 13. Collection of tax from 53BB export of knit-wear and woven garments 14. Collection of tax from 53BBB member of stock exchanges 15. Collection of tax from 53BBBB export of any good except certain items 16. Receipt from public 53C auction 17. Courier business of a 53CC non-resident 18. Payment to actor/actress 53D 19. Payment as commission 53E or discount for distribution of goods 20. Payment to foreign 53EE buyer's agent 21. Interest on savings and 53F fixed deposit 22. Insurance commission 53G 23. Payment to surveyor of 53GG general insurance 24. Rental value of vacant 53J land, plant or machinery 25. Advertising bill of 53K newspaper or magazine 26. Sale of share at a 53L premium 27. Transfer of securities by 53M sponsor shareholders 28. Dividends 54 29. Lottery 55 30. Payment to non-resident 56

Verification I, .........................................................................................., designation ........................................................................................ solemnly declare that to the best of my knowledge and belief the information given in this return is correct and complete. Place: ............................. Date : ............................ Signature and seal
NB: 1. The return shall be accompanied by a statement of deduction or collection of tax copy of treasury challans or payment orders. 2. Tax shall be deposited to respective account code according to the following table: 13 along with

Name of the Zone

Taxes Zone-1, Dhaka Taxes Zone-2, Dhaka Taxes Zone-3, Dhaka Taxes Zone-4, Dhaka Taxes Zone-5, Dhaka Taxes Zone-6, Dhaka Taxes Zone-7, Dhaka Taxes Zone-8, Dhaka Taxes Zone-1, Chittagong Taxes Zone-2, Chittagong Taxes Zone-3, Chittagong Taxes Zone-Khulna Taxes Zone-Rajshahi Taxes Zone-Rangpur Taxes Zone-Sylhet Taxes Zone-Barisal Large Taxpayer Unit Central Survey Zone

Income tax-Companies
1-1141-0001-0101 1-1141-0005-0101 1-1141-0010-0101 1-1141-0015-0101 1-1141-0020-0101 1-1141-0025-0101 1-1141-0030-0101 1-1141-0035-0101 1-1141-0040-0101 1-1141-0045-0101 1-1141-0050-0101 1-1141-0055-0101 1-1141-0060-0101 1-1141-0065-0101 1-1141-0070-0101 1-1141-0075-0101 1-1145-0010-0101 1-1145-0005-0101

Income tax-other than Company

1-1141-0001-0111 1-1141-0005-0111 1-1141-0010-0111 1-1141-0015-0111 1-1141-0020-0111 1-1141-0025-0111 1-1141-0030-0111 1-1141-0035-0111 1-1141-0040-0111 1-1141-0045-0111 1-1141-0050-0111 1-1141-0055-0111 1-1141-0060-0111 1-1141-0065-0111 1-1141-0070-0111 1-1141-0075-0111 1-1145-0010-0111 1-1145-0005-0111

Form of application for Alternative Dispute Resolution. Form for drawing up of application and verification thereof under section 152H (4) shall be as follows:

FORM OF APPLICATION FOR THE ALTERNATIVE DISPUTE RESOLUTION Office where application is to be submitted in (please tick) 1. Appellate Joint Commissioner of Taxes, Appeal Range ........., Appeal Zone ............... 2. Appellate Additional Commissioner of Taxes, Appeal Range................., Appeal Zone............... 3. Commissioner of Taxes (Appeal), Appeal Zone ............... 4. Registrar/Deputy Registrar, Taxes Appellate Tribunal, Dhaka/ Chittagong/ Khulna.

Circle of Assessment Name of the Applicant and TINAssessment year (s) Deputy Commissioner of Taxes passing the order Section under which the Deputy Commissioner of Taxes passed the order Income tax demanded Date of service of the order under dispute Address to which the notice(s) may be sent to the applicant Grounds for resolution of dispute Grounds of Dispute Resolution1.
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2. 3. 4.

Signature (Applicant) Name in block letters................................... TIN.................................................. Verification.

I, ................................................................................, the applicant, do hereby declare that what is stated above is true to the best of my information and belief.

Signature......................................................... Name in block letters...................................... TIN................................................................. Notes: (1) The application shall be filed in triplicate. (2) The application shall be accompanied by the notice of demand or the copy of the order under dispute. (3) The form of application and verification thereof shall be signed(a) in the case of an individual, by the individual himself; (b) in the case of a company or local authority, by the principal officer; (c) in the case of a firm, by a partner." | SRO related to investment in share market:

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(K) cvewjK wjwgUW Kvvbx eZxZ Ab mKj kYxi Ki`vZvMYK D 10% nvi Ki c`vb mvc 15B RyjvB, 2012 ZvwiLi ga mswk Dc Ki Kwgkbvii wbKU wbwjwLZ QK Ki AbvivwcZ Avq Gi NvlYv c`vb KwiZ nBe; (L) `dv (K) Gi Aaxb NvwlZ Ki AbvivwcZ Avqi Drm mK Kvb ck Dvcb Kiv nBe bv; (M) `dv (K) Gi Aaxb NvlYvci mv_ 10% nvi Ki cwikvai mg_b c-AWvi Gi Kwc, wewbqvMi mg_b cvU dvwjI UgU I ewbwdwkqvix Ibvm (weI) GvKvDU Gi jRvii Kwc mshvRb KwiZ nBe; (N) wewbqvMKZ A_ AvMvgx 30/06/2013 ZvwiLi ga Dvjb ev Ab vbv@i Kiv hvBe bv Ges wewbqvMKZ A_ ev Zvnvi Ask Dvjb ev vbv@i Kwij Dvjb ev vbv@ii eQi vbv@iKZ H A_ NvlYvKvixi Avq wnme MY nBe; (O) GB myweavi AvIZvq cwikvwaZ Kii Drm evLvwqZ ewjqv weewPZ nBe; Ges (P) 30k Ryb, 2011 ZvwiLi ga Ki duvwK D`&NvwUZ nBj Ges D Ordinance Gi section 93 Abyhvqx Kvhg MnxZ nBj GB cvcbi myweav chvR nBe bvt QK Ki AbvivwcZ Avq wewbqvMi NvlYvc T T T t (AsK) (K_vq) ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... Ki Aji bvg t ... . ..... ..... ..... ..... ..... ..... ..... ..... ..... .....

(1) Ki`vZvi bvg I wVKvbv (2) wUAvBGb (3) mvKji bvg .. ... ... ... ... (4) wewbqvMi cwigvY (wewbqvMi ^c cvU dvwjI UgU I ewbwdwkqvix Ibvm (weI) GvKvDU Gi jRvii Kwc mshy KwiZ nBe) (5) cwikvwaZ AvqKi (K) cwigvY

(L) c-AWvi bs

T t (AsK) t (K_vq) T evsK t kvLvt

..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... .... .... ... .... , .... .... . ZvwiLt .... ..... Ki`vZvi bvg I ^vi

ZvwiL t

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cvw ^xKvic iwRvii wgK bs ------------------------- ZvwiLt ------------bvgt -----------------------------------wVKvbvt ------------------------------------wU.AvB.Gbt Gi wbKU nBZ wbavwiZ QK Gm. Avi. I bs ----AvBb/AvqKi/2011 ZvwiL --/07/2011 Bs Abymvi ----------- UvKv Ki AbvivwcZ Avq wewbqvMi NvlYvc I Dnvi Rb -------------- UvKv AvqKi cwikva msv c-AWvi bs --------- ZvwiLt -------, evsKi bvg I kvLvt ---------eywSqv cvBjvg| Dc Ki Kwgkbvi mvKjt ---------Ki Ajt --------ivcwZi Av`kg, (Avwgbyi ingvb) AwZwi mwPe (c`vwaKviej)

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SRO related to CSR Activities:

MYcRvZx evsjv`k miKvi A_ gYvjq Af@ixY m` wefvM (AvqKi) cvcb ZvwiLt 20 Avlvp, 1418 ev/4 RyjvB, 2011 wLv| Gm,Avi, I 229-AvBb/AvqKi/2011|-Income-tax Ordinance, 1984 (Ord. XXXVI of 1984) Gi section 44 Gi sub-section (4) Gi clause (b) Z c` gZvej, miKvi, 17 Avlvp, 1417 ev gvZveK 1 RyjvB, 2010 wLv ZvwiL RvixKZ cvcb GmAviI bs 270AvBb/AvqKi/2010 iwnZg, wbewYZ Zdwmj-K Z Dwj-wLZ kZvejx mvc, wbewYZ Zdwmj-L Z Dwj-wLZ KcviU mvgvwRK `vwqZ cvjbi , Kvb KvvbxK ZrKZK wewbqvwRZ cKZ A_i ev LiPi 10% nvi AvqKi iqvZ c`vb Kwij, h_v:Zdwmj-K (AvqKi iqvZi kZvejx) (1) Kvvbxi gvU Avqi 20% ev 8 (AvU) KvwU UvKv Gi ga hwU Kg mB AsKi AwaK ewqZ A_i GB AvqKi iqvZ chvR nBe bv|

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(2) h mKj Kvvbx KcviU cwZvb wnmve mvgvwRK `vwqZ cvjbi gvag Ki iqvZ MnY KwiZ AvMnx ev Drmvnx nBe, mB mKj cwZvb(K) DnvZ KgiZ KgKZv-KgPvix`iK wbqwgZ eZbfvZv cwikva KwiZ nBe Ges D cwZvb KZK cwiPvwjZ Kj-KviLvbvq weklZt wkRvZ cY Drcv`b Kiv nBj eR eevcbv c-vU (waste treatment plant) Gi eev _vwKZ nBe; (L) KZK wbqwgZfve AvqKi, fvU I Ges cvwZvwbK FY cwikva KwiZ nBe; (M) Kejgv miKvi KZK Abygvw`Z cwZvbK Corporate Social Responsibility (CSR) Gi AvIZvq Aby`vb ev A_ c`vb KwiZ cvwie; Ges (N) evsjv`k kg AvBb, 2006 G we`gvb mKj weavb cwicvjb Kwie| (3) Kvb Kvvbx KZK mvgvwRK `vwqZ cvjbi ewqZ A_ ev LiPK Dnvi Drcv`b wnmve, evwYwRK wnmve A_ev jvf-wZ wnmve Abygv`bhvM LiP gg weePbv Kiv hvBe bv| (4) Kvb Kvvbx KZK mvgvwRK `vwqZ cvjbi `vexKZ A_ cKZc LiP nBqvQ wKbv ZrmK mswk- Dc-Ki Kwgkbvi Gi wbKU cqvRbxq Z_ cgvYvw` `vwLj KwiZ nBe| (5) Kvb Kvvbx KZK MnxZ CSR Kg-cwiKbv RvZxq ivR^ evWK wjwLZfve AewnZKiYceK GZ`&mswk- AvqKi iqvZ mb` MnY KwiZ nBe| Zdwmj-L (KcviU mvgvwRK `vwqZ cvjbi mgn) (1) cvKwZK `yhvM hgb-NywYSo, fwgK, RjvQvm I c-veb Gi dj wZM@ GjvKvi Rb `yfvM jvNei Dk miKvix Kvb cwZvbi gvag c` Aby`vb; e wbevm (old home) cwZv I cwiPvjbv Kvhg wbqvwRZ cwZvb c` Aby`vb; gvbwmK ev kvixwiK cwZex`i KjvY wbqvwRZ Kvb mvgvwRK msvK c` Aby`vb; wQbgj wk`i wkvi Dk cwiPvwjZ wkv cwZvbK c` Aby`vb; ew@evmx`i Avevmb cK wbqvwRZ cwZvb c` Aby`vb; bvix AwaKvi I hZzK weivax cPviYvq wbqvwRZ mvgvwRK cwZvb c` Aby`vb; GwZg I wQbgj wk`i fiYcvlY I cbevmb wbqvwRZ cwZvb c` Aby`vb; gywhy welqK MelYv, gywhyi PZbv cybivi I cmvi wbqvwRZ Ges gywhvv`i mvbRbK RxebaviY wbqvwRZ cwZvb c` Aby`vb; cveZ PMvg, Pivj, b`xfvb GjvKvq ^vmZ cqtwbvkb KvR wbqvwRZ cwZvb c` Aby`vb;
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(2) (3) (4) (5) (6)

(7)

(8)

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(10) VuvU KvUv, Qvwb cov, Kvvi I Kz ivM wbivgq wbqvwRZ cwZvb c` Aby`vb; (11) GwmW Avv@`i wPwKrmv mevq wbqvwRZ ew I cwZvb c` Aby`vb; (12) Mixe ivMx`i webvgj wPwKrmv myweav c`vb I wPwKrmvi gvb Dbqbi Rb weklvwqZ nvmcvZvj hgb- Kvvi, wjfvi, wKWbx, _vjvmwgqv, Pz I KvwWI, G c` Aby`vb; (13) cvewjK wekwe`vjq c` Aby`vb; (14) KvwiMwi ev ewgjK (technical or vocational) wkv c`vbi j gavmb `wi` Qv-Qvxmn `wi` gywhvvi m@vb`i wkv ew ev Avw_K Aby`vb c`vbi Dk miKvi KZK ^xKZ Kvb wkv cwZvb c` Aby`vb; (15) KwDUvi ev Z_ chyw cwkY c`vbv_ jve vcb ev BsiwR wkv Kgm Px ev@evqb miKvix ev GgwcIfy emiKvix wkv cwZvb c` Aby`vb; (16) Rbkw ivbxi Rb A` I Avav-` kwgKK KvwiMix ev ewgjK cwkY (technical or vocational training) c`vbKvix cwZvb c` Aby`vb; (17) RvZxq chvq Ljvajvi AeKvVvgv Dbqb ev cwkY c`vb wbqvwRZ cwZvb c` Aby`vb; (18) gywhyi wZ iv_ wbwgZ ev wbwgZe RvZxq chvqi Rv`yNi c` Aby`vb; (19) RvwZi RbKi wZ iv_ wbqvwRZ RvZxq chvqi Kvb cwZvb c` Aby`vb; Ges (20) cavbgxi DP wkv dv-G c` Aby`vb| ivcwZi Av`kg, (Avwgbyi ingvb) AwZwi mwPe (c`vwaKviej MYcRvZx evsjv`k miKvi A_ gYvjq Af@ixY m` wefvM (AvqKi) cvcb ZvwiLt 22 Avlvp, 1418 ev/6 RyjvB, 2011 wLv| Gm,Avi,I bs 238-AvBb-AvqKi/2011|- Income-tax Ordinance, 1984 (Ord. XXXVI of 1984) Gi section 44 Gi sub-section (4) Gi clause (b) Z c` gZvej miKvi, grm Lvgvi, pelleted poultry feed Drcv`b, exR Drcv`b, vbxqfve Drcvw`Z exR wecYb, Mevw` ci
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Lvgvi, `y Ges `yRvZ `ei Lvgvi, evO Drcv`b Lvgvi, D`vb Lvgvi cK (horticulture), ZuZ MvQi Pvl, ggvwQi Pvl cK, ikg wUcvKv cvjbi Lvgvi, QvK (mushroom) Drcv`b Lvgvi Ges dzj I jZvcvZvi Pvl (floriculture) nBZ 1 RyjvB, 2011 nBZ 30 Ryb, 2013 ch@ mgqKvji ga AwRZ Avqi Dci c`q AvqKii nvi nvm Kwiqv 5% G wbaviY Kwij| ivcwZi Av`kg, (Avwgbyi ingvb) AwZwi mwPe (c`vwaKviej)

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