সংজ্ঞা--

For the purposes of this Chapter,

(1) “person responsible for payment” means—

(i) any such payment to be treated as income under the head “income from employment” shall include the employer himself or, where the employer is a local authority, company or institution, such authority, company or institution and its chief officer;

(ii) in respect of any payment under the head “Income from financial assets”, anybody, company or other institution issuing the said financial asset or the principal officer of such body, company or institution; and

(iii) in respect of the payment of any other sum deemed to be taxable income under this Act or to which the deduction or collection of tax at source under this Part applies, includes the payer himself or, if the payer is a company or other body, its chief officer;

(2) “Agreement” includes sub-contract, sub-subcontract, subsequent contract, agreement, arrangement by whatever name called;

(3) “Specified person” means

(a)   any company, firm, private association, trust or fund;

(b)   public-private partnership;

(c)   any foreign contractor, foreign enterprise or any association or organization established outside Bangladesh;

(d)   hospital, clinic or diagnostic center;

(e)   any e-commerce platform with annual turnover exceeding one crore taka, which is not any other specified person, by whatever name called;

   (f) hotels, resorts, motels, restaurants, convention stores, transport agencies with an annual turnover of more     than 1 (one) crore taka;

(g)   (g) any person other than a farmer engaged in the   production and supply of tobacco leaves, cigarettes bidis, jorda, gul and other tobacco products;

(4) “payment” includes transfer, credit, payment adjustment or any payment order or direction;

(5) “base price” shall mean the higher of the following 3 (three) items-

(i) contract price; or

(ii) the amount of the bill or invoice; or

(iii) payment.

Comment :