** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

‘Capital gain tax’ withdrawn

30 June 2014

bdnews24.com :
A proposal to tax profits made in the stock market has been scrapped in the new budget.
The capital gain tax has been withdrawn to help the wobbling capital market flourish.
Finance Minister AMA Muhith in his closing budget speech on Saturday said the step was taken in keeping with the prime minister's proposal.
"The prime minister has recommended keeping the income from stocks free of tax to help the market flourish and encourage investment," he said.
The government has taken a slew of measures to revive the capital market that has been on a downward spiral since the 2011 debacle.
It proposed a five-year tax exemption for the bourses and raised the tax-free dividend income ceiling for individuals from Tk 10,000 to Tk 15,000 to bring back investors. In the proposed 2014-15 budget, Muhith recommended a 3 percent capital gain tax on market profits ranging from Tk 1 million to 2 million, and 5 percent on profits over Tk 2 million.
The minister on Saturday proposed increasing the tax-free profit margin and 10 percent tax rebate for listed companies which provide 30 percent or more dividends instead of 20 percent.
Later the 2014 finance bill was passed in presence of the opposition party.
The new fiscal starts on July 1.

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