• Sunday, November 23, 2014

House rent over Tk 25K to be paid thru banks

Star Online Report

House rent over Tk 25,000 will have to be transacted through banks in the next fiscal year, the finance minister proposed today.
"It is essential to bring transparency in the process of house rent collection in order to widen tax net and deter tax evasion," AMA Muhith said today while placing his budget proposal speech before the parliament.
Amendments to the Income Tax Law will be made to define house rent as both rent and service charges, he said.
"It will ensure payment of monthly house rent amounting more than Tk 25,000 through banks," Muhith added.

Published: 7:19 pm Thursday, June 05, 2014

Last modified: 7:33 pm Thursday, June 05, 2014

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