Income Tax Authorities in Bangladesh

Income Tax Authorities in Bangladesh:  

Following are the income tax authorities in Bangladesh.

1. National Board of Revenue
2. Chief commissioner of taxes
3. Directors General of Inspection (Taxes),
4. Commissioner of Taxes (Appeals),
5. Commissioner of Taxes (LTU)
6. Director General (Training),
7. Director General Central Intelligence Cell (CIC),
8. Commissioners of Taxes,
9. Additional Commissioners of Taxes (Appeal/Inspecting) Joint Commissioners of Taxes(Appeal/Inspecting),
10. Deputy Commissioners of Taxes,
11. Tax recovery officers,
12. Assistant Commissioners of Taxes,
13. Extra Assistant Commissioners of Taxes
14. Inspectors of Taxes.

Read More

Sources of Income under Income Tax Ordinance 1984

Sources of Income under Income Tax Ordinance 1984:-

For computing total income and charging tax thereon, sources of income can be classified into seven categories, which are as follows:

1.            Income from Salaries

2.            Income from Interest on securities

3.            Income from house property

4.            Income from agriculture

5.            Income from business or profession

6.            Income from Capital gains and

7.            Income from other sources.

Read More

What is Reverse Split

 

Reverse split: - Reverse split decreases the total number of shares of a company. Due to reverse split total number of shares decreases, par value of shares is increased but market capitalization will remain same and EPS of the company will increase as the no of share outstanding decrease.

For example consider a company which has 1,00,000 shares outstanding with a par value of BDT 10, now it decides to make a reverse split of 1 for 2. So the new number of shares outstanding will be 50,000 and par value will be increased to BDT 20.

Read More

What is Stock Split

Stock Split – Stock split increases the total number of shares of a company. Due to stock split total number of shares increase, par value of shares is reduced but market capitalization will remain same and EPS of the company also reduced as the no of share outstanding increase.

For example consider a company which has 1,00,000 shares outstanding with a par value of BDT 10, now it decides to make a stock split of 2 for 1. So the new number of shares outstanding will be 2,00,000 and par value will be reduced to BDT 5.

Read More

What are the decisions taken by a financial manager

      A Financial manager takes various decisions for a business Organization. Broadly a financial manager takes three types of decisions 

1.  Investment decision  
2. Financing decision   
3.  Dividend decision

Investment decision: - Investment decisions involve choosing the best alternative from the available investment opportunities. There are two types of investment opportunities in a business organization, one is short term and another one is long term. Capital Budgeting is a technique for evaluating long term investment projects.

      

     Financing decision: - Financing decision involves choosing the best sources of fund so that the company can minimize weighted average cost of capital.

        Dividend decision: - Dividend decision involves decisions about distributing dividends or retaining for reinvestment.

Read More