Income Tax

                             I.T. 88 (Large)

District/Circle

DEPARTMENT OF TAXES

T.I.N. 053-102-2903

1.	Taxes Year	:	2005-2006
2.	Name of the taxpayer (including the full address)	:	Mr. M.A. Khaleque Owner – Messrs Pacific Impex International House 270, Road 19, Lake Road, New DOHS, Mohakhali, Dhaka.
3.	Status *	:	Person
4.	Which one is applicable Resident and some times resident Resident and some times not resident Repatriate	:	Resident
5.	Process of Account	:	Account Books does not kept.
6.	Periods of Accounts( for different type of income, there would be mentioned in seperately)	:	01-07-2004 to 30-06-2005 AD
7.	In which section and sub-section tax has been fixed	:	83(2)/82 C

TAX FIXATION ORDER

The taxpayer company was shown the income about Tk.1,50,000/- in the consideration taxes year. According to the Income Tax Ordinance 83(1) and 79 section, there was  issued notice and was fixed about the date of hearing. In the hearing, the authorised representative of the taxpayer  Mr. Md. Abul Kalam Majumder, Tax Adviser  was appeared and was made explanation of the return. He was informed that the taxpayer in the considerable   taxes year income has been received from the buying house commission. There are none of other side of income and as was made demand. There was not preserved about the business account books and as such the representative was informed. The representative was informed more the taxpayer in the consideration taxes year was completed about his house construction  investment.  In support of the construction investment there was submitted about the necessary  documents. There has been made investigation of the case by the investigator working in this circle. Tax Inspector of his 23/02/2006 ad dated submitted investigation report is kept  in the tax file. There was accepted about the details hearing of the taxpayer representative and the submitted documents, file, past information and the investigation report of the tax inspector after made verification and in the following manner and in the consideration taxes year income tax case herewith made solve:

Source of Income : Income from Business ( Buying House Commission Receiving)

Buying House Commission Income:

The taxpayer in engaged in the buying house commission receiving income business. In the considerable taxes year and in the commission head income support, any kind of documents and prove evidences was not submitted. To the representative  there was asked about commission receiving through the bank and he was informed that the taxpayer does not operate any kind of bank account and as the business of the tax payer is small  and as such any commission did not bear by any cheque and the taxpayer was received commission by cash and does not bear commission by any cheque to this connection the taxpayer was submitted declaration on written basis  of which is kept in the file. During the hearing period present representative  was informed  that the tax payer did not kept any accounts book of the business. There has been made investigation by the investigator of this circle. The Tax Investigator of his submitted report on the dated 23/02/2006 AD.

provided about notice and in reply of the notice, the taxpayer company authorized representative Mr. Faruk Ahmed, Majumder, Company Accountant was appeared and was explained about the return. He was informed that the source of income of the company is livestock food and poultry food import and to supply of the and to sell. He was more informed  in the case of livestock and poultry feed import, as there was not applicable of the source of tax and in the import status,there was not deducted  of any source of tax. But in different organization through the supply and during the sale on the paid money Tk. 4,60,710/- in the source tax was deducted has been deposited to the govt. treasury. The representative was more informed that deducted tax in the source will be the final tax liability according to the Income Tax Ordinance 82C. In support of import was submitted about Bill of entry copy, sale description and bill voucher,  in the source of tax deposit to the govt. treasury. Submitted documents is herewith examined and taking the case, there was made  broad discussion and was solved as the following:

Source of Income : Livestock and Poultry supply income after imported.

The tax payer in the taxes year after imported livestock and poultry import in different organization has been supplied. In the said supply bill 4,60,710/- taka in the source of Tax and in the Govt. Treasury has been  deposited. In this soucre deducted tax  will be treated as the final tax liability in the section 82C. In this situation, in the National Revenue Board of the dated 23/09/99 AD, File No. 3(3)Tax-7/A.A.B. and by it issued circular No. 2 (Income Tax)/1999-2000 and according to it in the source deducted tax in proportionate rate 82C income is counted

Tk. 11,51,775/-

Total Income =

Tk.11,51,775/-

 

In the section 83(2)/82C section in the taxes year 2006-2007 taxes year the tax case is herewith solved. As per I. T.30, let it be sent of the Demand Note.

(Md. Ataul Hoque)

     Deputy Commissioner of Taxes

Companies Circle-2, Tax Zone-1, Dhaka.

Rest are Form Identification.