Revenue collection from DSE fall drastically

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Revenue collection from DSE fall drastically

Revenue collection from the capital market has collapsed. This is the lowest revenue in the last 10 years. In the outgoing 2019-20 fiscal year, the government has collected only Tk 104 crore in revenue from the capital market. Which is the lowest in the last 10 years. This information has been known from DSE sources.

It is learned that the government has collected revenue of Tk 104 crore from DSE in the just ended financial year. Which was 251 crore in the previous financial year (2018-19). During the year, the government’s revenue from this sector has decreased by 146 crore or more than 50 percent.

The government collects revenue from the capital market in two ways. One of them is income tax at source on share transactions. The other is the revenue from capital gains from the sale of shares of directors, entrepreneurial shareholders and placement shareholders. Of this, according to Section 53BBB of the Income Tax Ordinance 1984, revenue is collected from sale of shares through brokerage houses and under Section 53M of the Income Tax Ordinance 1984 is collected from the sale of shares by entrepreneurial directors and placement.

The government collects revenue from the capital market in two ways. One of them is income tax at source on share transactions. The other is the revenue from capital gains from the sale of shares of directors, entrepreneurial shareholders and placement shareholders. Of this, according to Section 53BBB of the Income Tax Ordinance 1984, revenue is collected from sale of shares through brokerage houses and under Section 53M of the Income Tax Ordinance 1984 is collected from the sale of shares by entrepreneurial directors and placement.

Bmirrorhttps://bmirror.net/
businessmirror20@gmail.com

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