Errant flat owners now under NBR scanner
Friday, 28 March 2014
In a country where poverty is widespread, it is easy to detect who are dodging taxes. The National Board of Revenue (NBR) has started doing exactly that targeting the errant flat owners who are least bothered to pay their taxes. The NBR has taken the move as they recently in its survey found that many flat owners of the country dodged the income tax years after years. The tax authority has detected that some 166,500 flat owners and traders who are still out of the tax net despite having taxable incomes. Of them, 45,600 are home owners, mainly in Dhaka city and the rest are traders. However, around 1,000 of them later submitted income tax returns while they were forced to do so, according to UNB.