Tax on saving certificates
From the income year 2010-11, the government has imposed tax @10% on the interest earnings from the saving certificates. This decision will reduce the net income of the investors and cause a lot of sufferings to the people who are dependant solely on this income. On the other hand, it will also reduce the number of votes in favour of the government nominated candidates for the up coming Union Parishad, Pourashava and City Corporation elections. So, for the sake of the people as well as for the government itself, such type of tax should be withdrawn immediately.
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