Income Tax Return
What is Income Tax?
Income tax is a direct tax levied by the government on the income earned by individuals, companies, and other entities in Bangladesh. It is governed by the Income Tax Ordinance, of 1984.
Who is liable to pay income tax in Bangladesh?
Any individual, company, or organization that earns income in Bangladesh or has a taxable presence in the country is liable to pay income tax. The tax liability depends on the income earned and the applicable tax rates.
What is the income tax year?
The income tax year in Bangladesh Runs From July 1st to June 30th. It is commonly referred to as the “financial year.”
What are the important dates for filing income tax returns?
The income tax return filing deadline for individual taxpayers is usually November 30th following the end of the tax year.
However, it’s important to check the specific deadlines announced by the National Board of Revenue (NBR) for each tax year.
Documents required for preparing income tax returns for individuals
Basic Information:
- Copy of eTIN
- Pictures for the first time
- Copy of NID
- Address (current and permanent)
- A copy of the previous year’s return if you have already submitted the return
For employees, income from salary:
- Salary Certificate
- Bank Statement (1 July to 30 Jun)
- Provident Fund information (if any), Recognized Provident Fund (RPF)
- TDS Chalan (if any)
- Others
If the income from Profit/interest/dividend etc.:
- Certificate of profit of savings certificate
- Certificate of interest/profit received from FDR
- Certificate of interest/profit received from DPS
- Certificate of insurance or bank has made a profit
If the income from as Business income:
- Profit-loss account/income statement
- Statement of financial status/balance sheet
- Bank account and related proofs.
Investment information
Investment Information (if any):
- DPS / FDR
- Insurance Certificate
- Share Market Investment
- Savings certificates/bonds etc.
- Evidence of donation
- Any other investment in land flats.
If the statement of assets and liabilities is in your own name:
- House, Apartment
- Land, Car, Electronics, etc
- Bank Loan Information
- Others
Tax-free income:
- Certificate of remittance income
- Certificate of Dividend and Capital Gain
- Other tax-free or final settlement with proper proof of income.
We, at divisional consultancy, assists you to submit Income tax return.
Departmental counseling, a full-fledged consulting institution that aims to provide a wide range of services to clients rather than focusing solely on a particular area of service. Renowned as one of Bangladesh’s premier consulting firms, it serves a broad spectrum of clients, spanning both local and global demographics, ensuring their needs and aspirations are met with precision and expertise.
In Order to submit Income tax return, the services Divisional Consultancy can provide are as follows:
- Our advisors of divisional consultancy can assist the clients through consultations and meetings and ask them to provide necessary documents. in order to submit income tax return, Depending on the type of taxpayer.
- Our experts can prepare all relevant drafts of documents, which are necessary for submit income tax return.
- Then completes the file by submitting the supporting documents of income tax return.
- Our experts have good working relation with government offices; for example, City Corporation, RJSC Office, NBR Office etc, which makes it easier to obtain any certificate.
- Divisional Consultancy also provides services of renewing the License, if it expires by taking necessary steps at the right time.