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 in line with international

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REHAB wants undisclosed money without penalty for housing sector

The Real Estate and Housing Association of Bangladesh on Wednesday demanded that the National Board of Revenue allow legally earned undisclosed money in buying apartments and investing in real estate sector without paying penalty and disclosing the source of money.
At a pre-budget discussion with the NBR at the revenue

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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 capital market between July 1, 2011 and June 30, 2012 to avail the opportunity of

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