The bench of Justice Sheikh Hassan Arif and Justice Bhishmadev Chakrabortty gave its decision on Monday after hearing 46 petitions filed by several private universities. In a Jun 28, 2007 circular, the National Board of Revenue (NBR) said it had revised the income tax for private universities up to 15 percent. In 2010, the NBR issued another circular where it said they had 'lowered' the income tax for private universities, medical and dental colleges, engineering colleges and institutions offering IT education to 15 percent. The law firm said the government move had created a disparity between students of public and private universities. Last year, the government imposed a 7.5 percent value added tax (VAT) on tuition fees of private universities, medical and engineering colleges.

Source: bd News24 September 05, 2016 10:26 UTC