Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 358 Wed. June 01, 2005  
   
Business


Run-Up To Budget FY06
Simplify tax payment procedure
Tax lawyers urge govt


Tax lawyers yesterday placed a 14-point demand to simplify the present tax payment procedure, which they term a 'complicated' one.

Even the most eligible people do not feel interested to pay tax due to the complicated procedure, the lawyers said at a press conference of Dhaka Reporters' Unity (DRU) in Dhaka.

They also urged the government to fix the limit of tax-free income at Tk 1,25,000 from Tk 1,00,000 in the next budget.

President of Bangladesh Tax Lawyers Association (BTLA) MA Salam Talukder addressed the press conference. BTLA Secretary General Quamrul Alam Chowdhury and other officials were also present.

The BTLA leader urged for bringing more flexibility in the self-assessment system of tax return.

Under the system, a person has an option to fix his own income tax through self-assessment. But the income tax payers are now being harassed due the executive power of the tax officials which was given removing a relevant provision of the income tax law, he said.

BTLA also demanded omission of the clause 82/C of the Income Tax Ordinance.

The BTLA leader also called for reintroduction of the option of paying tax through direct cash along with the pay order.