Dhaka, June 17 -- The interim government may scrap the provision allowing the legalisation of undisclosed income through investment in the housing sector.

An official of the National Board of Revenue (NBR) Income Tax Division told bdnews24.com that the interim government is facing "intense criticism" over the provision, considering its withdrawal and the issuance of a new ordinance.

NBR officials believe that the high tax rates for legalising such investments would deter anyone from using the facility.

On Jun 2, Finance Advisor Salehuddin Ahmed proposed a budget of Tk 7.9 trillion for the 2025-26 fiscal year, which included the controversial provision allowing undisclosed income to be legalised through investment in real estate, despit...