Some members of the Dhaka Stock Exchange are concerned that the new National Board of Revenue (NBR) steps to collect income tax from the stock brokers will make them pay big sums to the exchequer. They are trying to find ways out of the possibility, according to sour ces

The DSE members, meeting closed-door for hours Wednesday evening at a local hotel, discussed different aspects of the NBR move, which they feel could put them in trouble if there was a scrutiny of their

earnings last year, when they made windfall profits.

According to the sources, most of some 100 brokers who were present said they would prefer the prevalent system.

The NBR has decided to bring stock brokers under the Intelli gence Investigation Zone of the income Tax Department recently.

The NBR officials, in recent meetings with the DSE leadership. assured the brokers that the new measures would not result in any kind of harassment

for them, but brokers fear there is trouble ahead

According to sources, their concern centres around prospects that the Intelligence Department may conduct a scrutiny of the transactions made last year

Meanwhile, a DSE meeUng yesterday formed a 25 -member committee to thwart the NBR move through negotiations.

Another NBR-DSE meeting is scheduled for Sunday

According to the sources, the DSE members are proposing to

give 'a certain percentage as income tax on the basis of transaction" through stock exchange instead of submitting income tax return individually.

The sources said that the leaders and senior members also gave a briefing on the latest position of the computerisation process, newly introduced netting system of trade settlement.

Some members expressed their concern over the newly introduced system of netting, which they think would dis courage the real investors