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Tax return submission deadline extended

NewsWorld365 NewsWorld365 , September 29, 2014
tax
The National Board of Revenue (NBR) has extended the deadline for submission of income tax returns for the current fiscal year by individual taxpayers by a month till November 2, 2014.

The NBR in a press release on Monday said that various professional and business bodies had requested the Board to extend the deadline as taxpayers are finding it hard to collect necessary papers and completing formalities for submitting the returns following the closure of various offices and institutions due to the ensuing holy hajj, Eid-ul-Azha and Durga Puja.

“Under the circumstances, the deadline for the submission of income tax for individual taxpayers has been extended to November 2, 2014 for their convenience,” said the NBR release.

Earlier, considering the ensuing hajj, Eid-ul-Azha and Durga Puja festivals, they demand from taxpayers from different sectors, including the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the revenue board made a proposal to Finance Minister AMA Muhith for extending the time limit by one month up to November 2.

According to Income Tax Ordinance, individual taxpayers are supposed to file their returns within July 1 to September 30.

 

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