Opinions and comments continue to pour in from organisations and individuals relating to the national budget 2014-15 placed recently by the finance minister in the Jatiya Sangsad. The house rent issue is an important topic for discussion in the media as many house owners do not mention the earnings received as house rent in their income tax return.
However as an income tax payer since 1980 my experience is too bitter though I survive at an advanced age on house rent income only. One deputy commissioner of income tax compelled me to practice underhand dealing with him as he did not believe the amount I receive as house rent. I had to settle the matter through an income tax lawyer. Collection of house rent through bank account as proposed in the budget may have the same fate as narrated as one may take cash partially to avoid tax.
The NBR Chairman indicated to impose fines in case of showing lower rate of house rent but what about the corrupt deputy commissioners of taxes as experienced. Many of my friends and relations had to comply with tax officials when they inherited or built property assets. Let the government in reality show zero tolerance to corruption as often preached.
Mahmud Ali
New Eskaton, Dhaka
House rent collection through bank
FE Team | Published: June 13, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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