, May 11 -- Dhaka, May 11 (UNB) - The National Board of Revenue (NBR) has initiated a move to track down owners of land, flats and buildings across the country in an effort to widen the country's narrow tax net.

The move comes as more than two-thirds of income tax return submissions fall below the taxable threshold of Tk 3.5 lakh, according to NBR data.

As per the law, people with annual income below this threshold are exempt from paying income tax.

Currently, the number of Taxpayer Identification Number (TIN) holders in the country stands at over 1.15 crore. However, only slightly more than 40 lakh of them submitted their income tax returns.

Among these, a significant portion reported income below the taxable limit.

Under existing l...