Charge of tax on difference of import, export or investment under Section 20

Charge of tax on difference of import, export or investment under Section 20 | Bangladesh Income Tax Act -2023

As per section-20(ITA-2023), 

Where, in any income year, it appears from the statements filed by an assessee

that the assesses—

(a) carries out any import or export, and a discrepancy is observed

between the actual transaction value and the declared amount paid

or received for the import or export by the assesses; or

(b) makes any investment, and the actual amount of money invested is

found to be different than the amount of investment declared by the

assesses,

In that case, without prejudice to other provisions of this Act, tax shall be payable

at the rate of 50% (fifty percent) on the difference mentioned in clause (a) or, as

The case may be, on the difference between the amount of money actually invested and the amount of investment declared as mentioned in clause (b).

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