Taxpayers have only 10 days left to submit their annual income-expenditure details by filing an income tax return. All taxpayers must submit their returns by 30 November.
The National Board of Revenue (NBR) has made it mandatory for everyone to file returns online this year. Therefore, there is no opportunity to file returns by going to the tax office this time.
Currently, there are about 1.15 crore Tax Identification Number (TIN) holders in the country. The TIN holders with taxable income are required to file returns.
How to income tax returns file online
All taxpayers must file their returns by visiting this website: https://etaxnbr.gov.bd/
For this, one must first register. After registration, by entering the website with a password, one can submit their return.
No need to upload documents
No documents need to be uploaded when filing an income tax return or e-return online. Providing the information from these documents will suffice. However, one must keep the documents whose information is provided. This is because if documents are requested for future audit or any other purpose, one should be able to provide them.
How to pay tax
While filing returns online, tax can be paid from home. For example, one can use bank transfer, debit card, credit card, bKash, Rocket, Nagad, or any other Mobile Financial Service app.
Required documents
Information from various documents will be needed when filing the return. Therefore, it is essential to collect these documents before filling out the online return submission form.
Among the documents required, some of the main ones are: documents for income from salary, certificate for interest income on securities, rental agreement, municipal tax receipt, certificate for mortgage loan interest, agreement and receipt for the sale or purchase price of capital assets, supporting documents for capital expenditure, dividend warrant for receiving share dividends, and certificate for tax deducted at source on interest.
Information from some documents will also be needed if one seeks tax rebate for investments. These include life insurance premium installment receipts, certificate for contributions to a provident fund, proof of investment in loans or debentures, savings certificates, shares, certificate for contributions to a Deposit Pension Scheme (DPS), certificate for contributions to a welfare fund and group insurance installments, certificate for contributions to a zakat fund, etc.
