Daffodil International University

Faculties and Departments => Business Administration => Business & Entrepreneurship => BBA Discussion Forum => Topic started by: Rozina Akter on June 29, 2013, 02:00:13 PM

Title: No restriction on investment of black money
Post by: Rozina Akter on June 29, 2013, 02:00:13 PM

The National Board of Revenue (NBR) is set to offer an open-ended opportunity to people to invest their legally earned undisclosed income without any question being asked by taxmen during 2013-14 fiscal year.

The holders of undisclosed money will be allowed to legalise it by investing in any sector, paying 10 per cent penal tax in addition to normal tax rates, sources said.

However, penal tax rates will be imposed on the payable amount as income tax.

A high-powered team of the NBR finalised the fiscal measures Friday in a meeting with Finance Minister AMA Muhith.

The Finance Minister is set to propose the measures in the parliament today (Saturday) for its approval.

Sources said people can formalise their all previously earned income in the upcoming fiscal availing the facilities.

Earlier, the NBR decided to offer the opportunities in productive sectors. As per recent instruction of the Finance Minister, the opportunity for investment of 'black' money will be extended to all sectors.

Title: Re: No restriction on investment of black money
Post by: saimonh on July 16, 2013, 10:14:57 PM

Thanks for shearing...

Title: Re: No restriction on investment of black money
Post by: Rozina Akter on July 22, 2013, 10:59:27 AM

welcome saimon

Title: Re: No restriction on investment of black money
Post by: Shahnoor Rahman on July 23, 2013, 03:31:11 PM

that is really shocking,thanks for sharing.

Title: Re: No restriction on investment of black money
Post by: shahanasumi35 on August 05, 2013, 02:22:10 PM

I think this will not bring any good thing for the society. Thanks for sharing this information.

Shahana Kabir

Title: Re: No restriction on investment of black money
Post by: Rozina Akter on August 05, 2013, 04:22:33 PM

Just hope to see something good

Title: Re: No restriction on investment of black money
Post by: hassan on September 11, 2013, 03:35:54 PM

I don't think it will help the economy of Bangladesh...