Ahmed Masum & Co.

The Income-tax Ordinance, 1984 was an important tax law in Bangladesh that governed the assessment, collection, and administration of income tax. It remained the main income tax law of the country until it was replaced by the Income Tax Act, 2023.

Main Objectives
To collect revenue for the government
To regulate income tax administration
To define taxable income and tax liabilities
To prevent tax evasion

Important Features
Classified taxpayers into individuals, firms, and companies
Defined different heads of income such as salary, business income, and capital gains
Provided rules for tax assessment, exemptions, and deductions
Included penalties for non-payment and tax fraud
Allowed tax authorities to investigate tax-related matters

Importance
The Ordinance played a major role in the economic system of Bangladesh by helping the government generate revenue for development activities. It also established a structured taxation framework for citizens and businesses.

Conclusion
The Income-tax Ordinance, 1984 was a significant law in Bangladesh’s taxation system. It laid the foundation for modern income tax administration and contributed to national economic development for many years.