হিসাবরক্ষণ পদ্ধতি

(1) Subject to the other provisions of this Act, a person’s income shall be computed in accordance with the accounting method regularly applied by that person.

(2) Where a person considers that a change in the accounting method is necessary, such person may apply to the Deputy Commissioner of Taxes regarding the intended change, and upon receipt of such application, the Deputy Commissioner may approve the necessary change to clearly reflect the taxpayer’s income.

(3) The Board, by rules, may prescribe the accounting method and other verification standards for any business, or any class of business, or any other source, or income from any source.

(4) Without prejudice to the foregoing provisions, a company shall maintain accounts and prepare financial reports in accordance with International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), IFRS for SMEs, and the relevant laws in force in Bangladesh.

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