Scope of Total Income

Scope of Total Income

The scope of Total Income:

Thus, the scope of income depends upon the residential status as well as the place and year of accrual. To understand the concept of the scope of income it is necessary to study Income Tax Act. Subject to the provisions of this ordinance, the total income of any income year of any person includes –

(a) In relation to a person who is a resident of all income from whatever source derived, which –

  • is received or deemed to be received in Bangladesh by or on behalf of such person in such year, or,
  • accrues or arises, or is deemed to accrue or arise to him in Bangladesh during that year, or,
  • accrues or arises to him outside Bangladesh during that year.

(b) In relation to a person who is a non-resident all income from whatever source derived, which –

  • is received or deemed to be received in Bangladesh by or on behalf of such person in such year, or,
  • Accrues or arises, or is deemed to accrue or arises to him in Bangladesh during that year.

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