VOL NO REGD NO DA 1589

Wednesday, March 15, 2006

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

HEADLINE
 
Tk 100m realised from one owner
NBR launches drive against tax-evading luxury house owners
Shakhawat Hossain
3/15/2006
 

          The National Board of Revenue (NBR) has launched a crackdown on tax evaders who own luxury houses' in posh areas of Dhaka and Chittagong.
Already the Central Intelligence Cell (CIC), investigation arm of the board, has identified an owner in the city's Gulshan area and realised a sum of Tk 100 million as income tax last week.
Investigation into alleged tax evasion by four others in the same area is now in the final stage.
"The drive will continue in Dhaka and Chittagong following the initial success," NBR Chairman Khairuzzaman Chowdhury told the FE Tuesday.
He, however, did not disclose the identity of the businessman, who has several posh houses in Dhaka and Chittagong with all kind of modern facilities such as swimming pool, seminar hall and party room.
The NBR people are of the opinion that many dishonest businessmen, who own a lot of idle money, have invested in property business which fetches good return.
The NBR officials are, however, sure about the existence of several thousand luxury houses and farm houses, having all the modern facilities.
The NBR has already prepared an initial list of luxury and farm houses located in Dhaka and Chittagong.
Due to flaws in the existing Tax Identification Number (TIN) and false declarations, the NBR could not locate the luxury houses from the mandatory wealth statement given by the TIN holders in tax returns.
Many NBR officials, however, expressed doubt about continuation and ultimate success of the investigation.
Referring to an earlier investigation on luxury apartments and their owners, they said the ongoing crackdown may face the same fate due to pressure from the influential quarters.

 

 
  More Headline
Total to acquire 60pc stake of Tullow's off-shore gas blocks
Any unfair deal with Tata to have political backlash: Saifur
JCD activists go on rampage at Eden
A mixture that may taste sour
BB asks IBBL to show-cause on suspicious transactions
Faruq Siddiqi new SEC chairman
NBR launches drive against tax-evading luxury house owners
Road mishap kills 6, injures 40
DSE index declines as Pubali shares go through ex-dividend correction
Shaekh's son operated upon successfully
EU voices concern over work atmosphere in RMG factories
ACC to trap corrupt govt officials
PC not aware of HC's stay order in organising 'road show'
SBC staff to get free lunch putting pressure on govt purse
Dollar rises further against taka
DESA starts hunting down errant power users
WB's interference may delay small power plants project
Only 53 RMG units lack in compliance issues, claims BGMEA
Sound corporate governance might solve power, fertiliser crises: Saifur
Malaysia to crack down on illegal Pak, Bangladeshi residents
Erratum
India, Iran, Pakistan in talks on gas pipeline project
Body to probe Jamuna Bridge cracks
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com