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Assets and Liabilities Statement IT 10B

Who needs to file Assets and Liabilities Statement IT 10B in Bangladesh?

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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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Final Tax - Tax on Sanchayapatra interest income

Final Tax – Tax on Sanchayapatra Interest 2023

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Introduction – Tax on Sanchayapatra Interest Tax on Sanchayapatra Interest – Interest earned from Sanchayapatra is the final tax settlement under Income Tax Act 2023. We will discuss the details of tax calculation of Sanchayapatra interest income here. What is Final Tax Settlement? Final tax settlement is the amount of tax that has been deducted

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Difference between TDS and TCS in Bangladesh

Difference between TDS and TCS in Bangladesh

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Introduction – Difference between TDS and TCS in Bangladesh Difference between TDS and TCS in Bangladesh – TDS and TCS stand out as two pivotal streams of revenue for the government, constituting indispensable facets of financial governance. From the taxpayer’s perspective, these mechanisms are routine elements in the landscape of day-to-day business operations and economic

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Penalty for Late filing of tax return

What is the penalty for late filing of tax return in Bangladesh ?

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Introduction – Penalty for late filing of Tax Return​ Penalty for late filing of Tax Return​ – Late filing of an income tax return can lead to the forfeiture of several income tax benefits and may result in additional tax liability under the Income Tax Act 2023. In this blog post, we will discuss the

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How much should we invest for tax purposes - Investment tax rebate

Investment Tax Rebate – How much should we invest for tax purposes 2023?

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Introduction – How much should we invest for tax purposes How much should we invest for tax purposes – As a salaried individual, it’s necessary to allocate a portion of your income towards eligible investments to qualify for tax rebates. Determining the optimal amount of investment for maximizing tax rebates can be a complex task.

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investments for tax purposes

Allowable investment for Tax Purposes in Bangladesh 2023

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Introduction – Investment for Tax Purposes Investment for Tax Purposes – If you are a taxpayer in Bangladesh, you must be aware of the allowable investment options to get investment tax allowance. Investing in the permitted sectors offers two-fold benefits: firstly, it allows you to save money for the future, and secondly, and perhaps more

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Documents for Tax Return Submission

Documents for Tax Return Submission in Bangladesh 2023

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Introduction – Documents for Tax Return Submission Documents for Tax Return Submission – Every year, we are required to file income tax returns by either 30th November (for Old Assessees) or 30th June (for New Assesseaes) following the conclusion of the financial year. During the process of submitting our returns, there are occasions when we

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Submit Income Tax Return

When to submit income tax return in Bangladesh for the year 2023

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Introduction – Submit Income Tax Return Submit Income Tax Return – In Bangladesh, the financial year closes at the end of June each year. We have already concluded the financial year 2023. With the close of the financial year, inquiries have arisen from all quarters regarding the deadline for submitting income tax returns for the

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File Income tax return

Who is required to file income tax return in Bangladesh in 2023-2024

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Introduction – File Income Tax Return File Income Tax Return in Bangadesh 2023 – An income tax return refers to the formal declaration of one’s earnings using the prescribed format, which must be submitted to the National Board of Revenue (NBR) within the stipulated time. This obligation applies to individuals whose income surpasses the threshold

Who is required to file income tax return in Bangladesh in 2023-2024 Read More »

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