Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1075 Sun. June 10, 2007  
   
Business


Introduce advance income tax for TIN opening
Say tax lawyers


Income tax lawyers yesterday demanded introduction of Tk 1,500 advance income tax while opening TIN (tax identification number).

They also demanded reintroduction of wealth tax. The lawyers were speaking at a press conference at the National Press Club in Dhaka yesterday.

They also demanded mandatory disclosure of income sources of political parties and bring the income under the tax net.

"Brining political parties under tax network will help increase the revenue of the government," Md Zakir Hossain, president of Jatiya Kar Ainjibi Samity (association of income tax lawyers), said at the conference.

Zakir said the government can increase its annual revenue by introducing mandatory submission of bank statements in tax returns.