PC 23.

1
Details Tk. Tk.
1. Cash gift on the occasion of marriage of independent BDT 2,50,000
2. Donated a house in India to charity BDT 2,50,000
Less: Exemted BDT 2,50,000 BDT -
3. Gift to daughter of close friend (full if independent,
exemption of 20,000 if dependent.)
4. Insurance premium to:
Brothers BDT 40,000
Less: Exemted BDT 20,000 BDT 20,000
Wife BDT 30,000
Total BDT 3,00,000
Less: General Exemption BDT 20,000
Gift tax application base BDT 2,80,000

Calculation of Gift Tax:

280000 @ 5% BDT 14,000

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 PC 23.2
Details Tk. Tk.
Gifts Within Bangladesh:
1. Gift to dependant sister a piece of land BDT 6,00,000
Less: Exempted BDT 6,00,000 BDT -
2. Gift to his borther the share of firm in contemplation of BDT 12,00,000
Less: Exempted BDT 12,00,000 BDT -
3. Cash donation to the youngest son for starting business BDT 8,00,000
Less: Exempted BDT 8,00,000 BDT -
4. Donation to:
Prime Minister's Relief Fund BDT 60,000
DMCH BDT 1,50,000
Dhaka Ahsania Mission BDT 1,20,000
Aga Khan Development Network BDT 80,000
Total BDT 4,10,000
Less: Exempted BDT 4,10,000 BDT -
5. Donated house in Dhanmondi to his wife BDT 25,00,000
Less: Exempted BDT 25,00,000 BDT -
6. Gift to the younger brother a motor car on the occasion of BDT 8,00,000
Less: Exempted BDT 8,00,000 BDT -
7. Gift to a friend a house as a token of love BDT 9,00,000
8. Loan given to a friend become uncollectible and written-off BDT -
(Shown as charge against profit)
Gifts Outside Bangladesh:
1. Donated flat to sister-in-law in Japan BDT 5,00,000
Less: Exempted BDT 50,000 BDT -
2. Donated Office Furniture to daughter-in-law in the UK BDT 4,60,000
Less: Exempted BDT 4,60,000 BDT -
Total BDT 9,00,000
Less: General Exemption BDT 20,000
Gift tax application base BDT 8,80,000

Calculation of Gift Tax:

500000 @ 5% BDT 25,000
380000 @10% BDT 38,000
Gift Tax Payable BDT 63,000

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 PC 23.3
Details Tk. Tk.
1. Cash Gift to Sister-in-law on the occasion of marriage BDT 80,000
Less: Exemted (Assuming dependant relative) BDT 20,000 BDT 60,000
2. Gift of flat to the only daughter on the occasion of marriage BDT 25,00,000
Less: Exempted BDT 25,00,000 BDT -
3. Donation to charitable institution BDT 1,00,000
Less: Exempted (Lower of 100000 or (1000000x5%) = 200000) BDT 1,00,000 BDT -
4. Cash donation to nephew for doing business BDT 20,000
5. Payment for insurance premium for his wife and himself BDT 40,000
Less: own insurance (assuming the same amount payble for BDT 20,000 BDT 20,000
6. Donation to a political party BDT 1,20,000
7. Donation to a local high school BDT 4,50,000
8. Donation to an institution established and registered for
charitable purpose in Bangladesh BDT 1,00,000
Less: Exempted (100000 - 100000 Already Exempted) BDT - BDT 1,00,000
9. Donation to city corporation BDT 1,00,000
Less: Exempted BDT 1,00,000 BDT -
10. Donation to a body corporate not established by law BDT 90,000
11. Donation to a religiious institution exempted from income BDT -
Total BDT 8,60,000
Less: General Exemtion BDT 20,000
Gift tax application base BDT 8,40,000

Calculation of Gift Tax:

500000 @ 5% BDT 25,000
340000 @10% BDT 34,000
Gift Tax Payable BDT 59,000

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