Corporate DisclosureBIFC
BIFC Corporate Disclosure — 1 January 2017
Announcement summary
- What happened
- BIFC published a corporate disclosure on 1 January 2017. Read the full announcement for details.
- Company
- Bangladesh Industrial Fin. Co. Ltd.
- Announcement published
Original announcement
(Continuation news of BIFC): 3. Taxation: Minimum Tax: Provisions were not made for minimum tax of Tk. 23,38,297 under section 16CCC of Income Tax Ordinance 1984. Subsequently BIFC management has decided to file a Writ Petition before High Court Division to waive minimum tax. Deferred Tax: The Company has not calculated the deferred tax as per 15 & 20 on revaluation reserve in accordance BAS-12 "Income Taxes". As a result effect on Profit and loss & NAV was either overstated or understated. (End)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b0000400605f1
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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