Thursday, February 29, 2024

Muhith rules out withdrawal of penalty

Finance minister Abul Maal Abdul Muhith on Thursday ruled out  blanket legalisation facility for whitening undisclosed money in the next budget for the fiscal year 2013-14 and said that black money holders would have to pay penalty at the prescribed rate of the National Board of Revenue. ‘Black money legalising system that we follow is ... Read more

Investors must keep it in stocks till June ’13: NBR

The National Board of Revenue on Tuesday said the investors must keep the undisclosed money invested in stocks till June 2013 to avail the opportunity of legalising it by paying 10 per cent tax. The board in an order issued on Tuesday said the holders of undisclosed money would have to invest it in the ... Read more