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Cheque payment must for house rent over Tk 25000

Update : 05 Jun 2014, 01:26 PM

In the budget for the 2014-15 financial year, Finance Minister AMA Muhith proposed that the house rent over Tk25,000 a month should be paid through bank cheques.

The rent will include the service charges related to the rental property.

The finance minister said this would bring more people under tax-net while prohibiting the practice of dodging tax on earning from rental property.

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