Tax regulations in Bangladesh

for
FY 2021-22
19AAAA. Special Tax Treatment in
respect of investment in Securities
(1) Notwithstanding anything contained in this Ordinance or any other law for the time being in force, no
question as to the source of any sum invested in securities by an individual assessee during the period between
the first day of July, 2021 and the thirtieth day of June, 2022 (both days inclusive) shall be raised by any
authority if the assessee pays tax at the rate of twenty five persent (25%) on such investment within thirty days
from the date of such investment. (2) Along with the tax paid under sub-section (1), an amount of penalty of
five percent (5%) shall be payable on the computed tax under subsection (1). (3) In respect of such investment,
tax shall only be payable by pay order or automated challan, as the case may be, and a declaration in the
prescribed form shall be made and submitted to the respective Deputy Commissioner of Taxes. (4) Where any
such sum invested is withdrawn from the capital market within one year from the day of such investment, an
additional amount of penalty at the rate of ten percent (10%) on such withdrawn amount shall be payable by
him at the time of assessment. (5) The Provisions of this section shall not apply to cases where any proceeding
under any provision of this Ordinance or any other law has been drawn on or before the day of making such
investment. Explanation. For the purpose of this section securities mean stocks, shares, mutual fund units,
bonds, debentures and other securities of the companies listed in and approved by the Bangladesh Securities
and Exchange Commission and all other government securities and bonds tradable in the capital market.
19AAAA. Special Tax Treatment in
respect of investment in Securities
(1) Notwithstanding anything contained in this Ordinance or any other law for the time being in force, no
question as to the source of any sum invested in securities by an individual assessee during the period between
the first day of July, 2021 and the thirtieth day of June, 2022 (both days inclusive) shall be raised by any
authority if the assessee pays tax at the rate of twenty five persent (25%) on such investment within thirty days
from the date of such investment. (2) Along with the tax paid under sub-section (1), an amount of penalty of
five percent (5%) shall be payable on the computed tax under subsection (1). (3) In respect of such investment,
tax shall only be payable by pay order or automated challan, as the case may be, and a declaration in the
prescribed form shall be made and submitted to the respective Deputy Commissioner of Taxes. (4) Where any
such sum invested is withdrawn from the capital market within one year from the day of such investment, an
additional amount of penalty at the rate of ten percent (10%) on such withdrawn amount shall be payable by
him at the time of assessment. (5) The Provisions of this section shall not apply to cases where any proceeding
under any provision of this Ordinance or any other law has been drawn on or before the day of making such
investment. Explanation. For the purpose of this section securities mean stocks, shares, mutual fund units,
bonds, debentures and other securities of the companies listed in and approved by the Bangladesh Securities
and Exchange Commission and all other government securities and bonds tradable in the capital market.