Dhaka, July 23 -- The government has announced that individuals could purchase 'Savings Certificates' up to Tk 10 lakh without showing income tax return submission documents.

However, an income tax return will still be mandatory for investments exceeding this amount. Previously, the threshold for exemption was Tk 5 lakh.

The National Savings Directorate, under the Internal Resources Division of the Ministry of Finance, recently issued a circular regarding this change. This follows a gazette published by the Ministry of Law, Justice and Parliamentary Affairs, Legislative and Parliamentary Affairs Division, in June.

Based on that gazette, the National Savings Directorate has now allowed the purchase of savings certificates up to Tk 10 la...