ব্যবসা হইতে আয় গণনার ক্ষেত্রে অনুমোদনযোগ্য সাধারণ বিয়োজনসমূহ।-

Subject to the provisions of this Act, in computing the income from a person's business in any income year, the following expenses for each separate and distinct business shall be included in the general deduction, namely: -

(a)   expenditure on purchase of raw materials, stock, goods for business purposes and for use in business and any depreciated stock cost;

(b)   not paid under this Act and the Donors Act, 1990 (Act No. 44 of 1990), but paid for the purpose of business, such duties as taxes, municipal taxes, local taxes, land development taxes or rents and government fees;

(c)   rent payable for land or grounds used for business purposes, development and maintenance expenses;

(d)   all such expenses, welfare expenses or remuneration which are deemed to be income from employment under this Act;

(e)   repair and maintenance expenses;

(f)    insurance premiums incurred and paid for business purposes;

(g)   electricity and fuel including other service charges;

(h)   Goods transportation, clearing and forwarding charges;

(i)    expenses in the nature of commissions, brokerage, discounts or warranty charges relating to the sale;

(j)    advertising and Promotion Expenditure

(k)   expenditure on training of personnel;

(l)    conference, hotel and accommodation expenses of sales representatives;

(m)  travel and traveling expenses;

(n)   internet service, postal and telecommunication related expenses;

(o)   expenses related to the receipt of legal services, audit services and other professional services;

(p)   expenses relating to entertainment and hospitality;

(q)   subject to the Third Schedule, cashed exchange loss of foreign currency;

(r)    subscriptions to any club or commercial association including admission fees or for the use of their facilities;

(s)   any expenditure incurred in connection with travel abroad as a member of any trade delegation sponsored by the Government;

(t)    Royalties, Technical Fees, Head Office Expenses

(u) contributions to the Labor Participation Fund, the Welfare Fund and the Labor Welfare Foundation Fund established under section 234 of the Bangladesh Labor Welfare Foundation 1b, 2006 (Act No. 25 of 2006) not exceeding 5% of the net business profits shown; and

(v)   other expenses incurred wholly and exclusively for business purposes.

Comment :