The Real Estate and Housing Association of Bangladesh on Tuesday said the government’s move to allow undisclosed money for the housing sector in the next financial year would not create a bubble in land and apartment price. ‘The real estate companies will become active
The Dhaka Stock Exchange on Sunday requested the finance minister to clarify the government’s position on the scope for investing undisclosed money in the capital market. DSE president Rakibur Rahman made the request at a post-budget press briefing at the bourse’s office in the city.
Like capital market, the government may widen the scope of legalising undisclosed money in the housing sector in the upcoming budget by imposing only 10 per cent tax instead of the existing 27.50 per cent tax. The National Board of Revenue has prepared a proposal
Tax-paying people dislike the idea of amnesty to undisclosed money holders, but a whisper has got a momentum over it as the new budget is set to be unveiled in the first week of June with the government planning to continue with the undisclosed money legalising option. There are requests from the business community to ... Read more
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
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
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
Stocks gained for a fourth day as the government has recently given a green light to undisclosed money to be invested in the market. “The government decision will help increase the tempo of industrialisation and exports as well as establish its Vision 2021,” said Shakil Rizvi, president of Dhaka Stock Exchange, in