Thursday, 28 November 2024, 07:44 pm
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No income tax from private universities for now : HC
- Update Time : Thursday, 6 April, 2023, 11:46 am
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(180315) -- DHAKA, March 15, 2018 (Xinhua) -- The Bangladeshi national flag is seen flown at half-mast outside the High Court building in Dhaka on March 15, 2018. With all the national flags at government offices and foreign missions down at half-mast, Bangladesh is mourning on Thursday the victims of the US-Bangla Airlines plane that crashed in Nepal. (Xinhua/Salim reza) (swt)
Online Desk: No private universities will be paid income tax for now, as per Appellate Division of the Supreme Court verdict.
An eight-member HC bench, led by Chief Justice Hasan Foez Siddique, pronounced the judgement on Thursday dismissing the review petition.
Fifteen per cent income tax on private universities has been proposed in the budget for the 2021-22 fiscal. Later, the owners of different private universities filed writs challenging the government decision. Then, the High Court stayed the decision. The government filed an appeal challenging the HC order which is upheld by the SC today (April 6).
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