Real estate sector stipulated for whitening black money
Dhaka, June 11 -- Bangladesh's proposed budget for fiscal year 2026-27 has reinstated the opportunity to legalise undisclosed money through real estate investment, reversing a pause maintained during the interim government's tenure.
Finance Minister Amir Khosru Mahmud Chowdhury, presenting the country's largest-ever budget of Tk 9,38,000 crore on Thursday, introduced a new mechanism under which individuals can whiten black money by purchasing plots and declaring previously hidden property values in their tax returns.
Under the new provision added to the income tax law, a buyer who concealed the actual value of land, building or apartment in registration documents will be allowed to disclose the difference between the actual price and th...
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