"income" includes—

(a) any income, profits or gains, from whatever source derived, chargeable to tax under any provision of this Ordinance under any head specified in section 20;

(b) any loss of such income, profits or gains;

(c) the profits and gains of any business of insurance carried on by a mutual insurance association computed in accordance with paragraph 8 of the Fourth Schedule;

(d)any sum deemed to be income, or any income accruing or arising or received, or deemed to accrue or arise or be received in Bangladesh under any provision of this Ordinance:

Provided that the amount representing the face value of any bonus share or the amount of any bonus declared, issued or paid by any company registered in Bangladesh under Company Ain (Act No. XVIII of 1994) to its shareholders with a view to increase its paid-up share capital shall not be included as income of that shareholder.

[See, section 2(34), the Income Tax Ordinance, 1984 (Ordinance No.  XXXVI of 1984)].