First ScheduleRate of tax

First Schedule, item 21

21. Amendment of the East Pakistan Finance Act, 1966 (III of.— In the East Pakistan Finance Act, 1966 (III of 1966), in section 5, for sub-section (3), the following shall be substituted, namely:- “(3) 1966).— The tax shall be levied according to the scale specified below:- Amount of capital gain. Rate of tax. For the first Taka 3,000 ... ... Nil For the next Taka 2,000 ... ... 5% For the next Taka 5,000 ... ... 7% For the next Taka 10,000 ... ... 9% For the next Taka 10,000 ... ... 12% For the next Taka 20,000 ... ... 15% For the next Taka 20,000 ... ... 20% For the balance ... ... ... 30%

First Schedule, item 22

22. Penalty.— If a person, on whom a tax is levied or who is responsible for the collection and payment of any tax or toll under this Order, fails to pay the tax or toll or fails to collect and pay the tax or the toll as provided in this Order and the rules made thereunder he shall be liable to a penalty not exceeding the amount of the tax or toll payable.

First Schedule, item 23

23. Public Demand.— A tax or toll leviable under any provision of this Order or any penalty imposed thereunder shall be recoverable as a public demand under the Bengal Public Demands Recovery Act, 1913 (III of 1913).

First Schedule, item 24

24. Bar of suits in Civil Courts.— No suit shall lie in any Civil Court to set aside or modify any assessment of tax or toll made under this Order and the rules made thereunder.

First Schedule, item 25

25. Indemnity.— No suit, prosecution or legal proceeding shall lie against any person for anything in good faith done or intended to be done under this Order or the rules made thereunder.

First Schedule, item 26

26. Repeal and savings.— (1) Section 6 of the East Pakistan Finance Act, 1966 (III of 1966), providing for levy of tax on hotels, in hereby repealed. (2) Notwithstanding such repeal, any direction issued or action taken or order passed or proceeding commenced or right accrued or liability incurred under any provision of the said section shall continue in force.

First Schedule, item 27

27. Repeal and savings.— (1) Articles 12, 13, 15, 16, 17, 19, 20, 21, 22, and 23 of the Finance (1971-72) Order, 1972 (President’s Order No. 52 of 1972), are hereby repealed. (2) Notwithstanding such repeal, any direction issued or action taken or order passed or proceeding commenced or right accrued or liability incurred under any provision of the said Order shall continue in force and shall be deemed to have been issued, taken, passed, commenced, accrued or incurred, as the case may be, under the corresponding provision of this Order.