What is Corporate Income Tax (CIT) The Corporate Income Tax (CIT) in Bangladesh is a taxation framework specifically designed for corporations operating within the country. Within the broader context of Bangladesh’s taxation system, corporate income tax holds considerable significance as a key avenue for the government to generate revenue. In the overall spectrum of income […]
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What is Surcharge? Surcharge on income tax in Bangladesh – Surcharge which can also be referred to as an additional charge, fundamentally represents a tax imposed on an existing tax. This additional fee is computed based on the payable tax rather than the total income generated. Specifically, in the context of income tax, a surcharge
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What is the Carbon Tax on Vehicles? Carbon Tax on Vehicles – A carbon tax is a tax applied to the combustion of carbon-based fuels such as coal, oil, and gas. It serves as a fundamental policy to curtail and ultimately phase out the utilization of fossil fuels, whose combustion contributes to the destabilization and
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What is a Statement of Lifestyle expenses IT 10BB FORM ? A Statement of Lifestyle Expenses IT 10BB FORM serves as a comprehensive documentation designed to delineate the intricate details of an individual assessee’s lifestyle expenditures in a financial year. This statement, denoted as “IT 10BB FORM”, encapsulates a specified form that is annexed to
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What is Assets and Liabilities Statement (IT 10B)? An Assets and Liability Statement, also known as IT 10B, is a form used to represent the financial status of an individual at the end of a financial year. It provides a comprehensive overview of the assessee’s assets and liabilities, offering insights into their financial standing. The
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