Sanchay Patra

6 November 2007, 18:00 PM

Mamun Ahmed, Zindabazar, Sylhet

A news report was published in the daily Samakal on 28.10.07 that the government is issuing a circular regarding tax rebate on profit earned up to Tk.1,50,000/= against investment in Sanchay Patra which would be effective from 1st July 2007. Obviously, this would increase investment in Sanchay Patra, but the circular should contain some clarification regarding the investment in joint names (husband and wife). If both the husband and wife remain to be the tax payers and the total amount of investment is shown in anyone's tax return, in this case the tax payer (husband or wife)should avail the benefit of tax rebates on profit earned up to 3,00,000/= (1,50,000/= +1,50,000/=) The government should take into consideration the income tax rebate on the investment in Sanchay Patra in joint names.