Section 5Allowance to be made for development surcharge for purposes of income-tax

s. 5

5. Allowance to be made for development surcharge for purposes of income-tax Notwithstanding anything contained in any other law, the amount of the development surcharge paid by a company under section 3 shall be an expenditure for which allowance is to be made in computing profits or gains under [Chapter V and Chapter VI of the Income-tax Ordinance, 1984 (Ord. No. XXXVI of 1984)].

1. 5. The words, figures, comma and brackets “Chapter V and Chapter VI of the Income-tax Ordinance, 1984 (Ord. No. XXXVI of 1984)” were substituted for the words, brackets, figures, and comma “sub-section (2) of section 10 of the Income-tax Act, 1922 (XI of 1922)” by section 3 and the Second Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)