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In forceACT NO. XXI OF 1947 · 11th April, 1947

The Business Profits Tax Act, 1947

ব্যবসায় মুনাফা কর আইন, 1947

An Act to impose a special tax on a certain class of income.♣♠

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Contents

  1. PreamblePreamble
  2. Section 1Short title, extent and commencement
  3. Section 2Interpretation
  4. Section 3Tax authorities
  5. Section 4Charge of tax
  6. Section 5Application of Act
  7. Section 6Relief on occurrence of deficiency of profits
  8. Section 7Change in persons carrying on business
  9. Section 8Interconnected companies
  10. Section 9Aggregation of profits in certain cases
  11. Section 10Allowance of business profits tax in computing income for income-tax purposes
  12. Section 11Issue of notice for assessment
  13. Section 12Assessments
  14. Section 13Power to make provisional assessments
  15. Section 14[Omitted]Repealed
  16. Section 15Penalties
  17. Section 16Appeals to Appellate Assistant Commissioner of Income-tax
  18. Section 17Appeal to Appellate Tribunal
  19. Section 17APower of revision by the Commissioner
  20. Section 18A[Omitted].Repealed
  21. Section 18Rectification of mistakes
  22. Section 19Application of the provisions of Act XI of 1922
  23. Section 20Income-tax papers to be available for the purposes of this Act
  24. Section 21Failure to deliver returns or statements
  25. Section 22False statements
  26. Section 23Institution of proceedings and composition of offences
  27. Section 24Power to make rules

Schedules

  1. First ScheduleRULES FOR THE COMPUTATION OF PROFITS FOR PURPOSES5 entries
  2. Second ScheduleRULES FOR COMPUTING THE CAPITAL OF A COMPANY FOR5 entries