ভাড়া হইতে উৎসে কর কর্তন

(1) In cases where a specific person—

(a) any house property;

(b) a hotel or guest house;

(c) vacant land, plant, or machinery; or

(d) any water body other than a government reservoir,

rents the said person shall deduct tax at the rate of 10% (ten percent) on the rent payable at the time of payment of such rent.

(2) In cases where, after the tax assessment for the relevant year, it is found that the owner of the property has no tax payable or the amount of tax deducted is greater than the tax payable, the deducted amount shall be refunded at the following rates—

(a) the entire amount, if no tax is payable; or

(b) the excess amount, if the deducted tax exceeds the tax payable.

(3) In cases where, based on an application made for this purpose, the Deputy Commissioner issues a certificate in the prescribed form in good faith stating that the owner of the house property has no taxable income in the said year or that such income is exempt from income tax under the provisions of this Act, no tax shall be deductible under sub-section (1) on the income derived from the rent of the said property until the certificate is cancelled.

(4) For the purposes of this section, "rent" means any payment, by whatever name called, made for the use of any building, including furniture, fixtures, and land, under a lease, tenancy, or any agreement or arrangement.

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