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Avoidance of Tax under Chapter-XI of ITO section 104: Avoidance of Tax through transactions with nonresidents. Section 106: Avoidance by transactions in securities. Section 107: tax clearance certificate required for persons leaving Bangladesh.
Avoidance of Tax under Chapter-XI of ITO section 104: Avoidance of Tax through transactions with nonresidents. Section 106: Avoidance by transactions in securities. Section 107: tax clearance certificate required for persons leaving Bangladesh.
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Avoidance of Tax under Chapter-XI of ITO section 104: Avoidance of Tax through transactions with nonresidents. Section 106: Avoidance by transactions in securities. Section 107: tax clearance certificate required for persons leaving Bangladesh.
Hak Cipta:
Attribution Non-Commercial (BY-NC)
Format Tersedia
Unduh sebagai DOC, PDF, TXT atau baca online dari Scribd
Special Provisions Relating to Avoidance of Tax under Chapter-XI of ITO
• Section 104: Avoidance of tax through transactions with non- residents [Where any business is carried on between a resident and a non- resident and it appears to the DCT that, owing to the close connection between them, the course of business is so arranged that the business transacted between them produces to the resident either no profits or profits less than the ordinary profits which might be expected to yield in that business, the DCT shall determine the amount of income which may reasonably be considered to have accrued to the resident from such business and include such amount in the total income of the resident.]
• Section 105: Avoidance of tax through transfer of assets [Any
income which becomes payable to a non-resident by virtue, or in consequence, of any transfer of assets, whether alone or in conjunction with associated operations, shall be deemed to be the income of the person who (a) has acquired, by means of such transfer or associated operations, any right by virtue, or in consequence, of which he has power to enjoy, whether forthwith or in future, the income which becomes so payable to the non-resident, or (b) has received or is entitled to receive at any time, for reasons attributable to such transactions or associated operations, any sum paid or payable by way of loan or repayment of loan or any other sum, not being a sum paid or payable as income or for full consideration of money or money’s worth; subject to other conditions of section 105.]
• Section 106: Avoidance of tax by transactions in securities
[Where the owner of any securities sells or transfers those securities and buys them back or reacquires them, or buys or acquires similar securities, and the result of the transactions is that any interest becoming payable in respect of the original securities sold or transferred by the owner is not receivable by the owner, the interest payable as aforesaid shall be deemed to be the income of such owner and not of any other person; subject to other conditions of section 106.]
• Section 107: Tax clearance certificate required for persons
leaving Bangladesh [Subject to such exceptions as the NBR may make in this behalf, a person who is not domiciled in Bangladesh, or a person who being domiciled in Bangladesh at the time of his departure is not, in the opinion of an income tax authority likely to return to Bangladesh, shall not
DCCI 1 September 11, 2007
leave Bangladesh without obtaining from the DCT authorised in this behalf by the NBR (a) a tax clearance certificate, or (b) if he has the intention of returning to Bangladesh, an exemption certificate which shall be issued only if the DCT is satisfied that such person has such intention; and such exemption certificate may be either for a single journey or for all journeys within the period specified in the certificate; subject to other conditions of section 107.]