(1) Every person shall file a return of income of the income year to the Deputy Commissioner of Taxes, if—

(a) the total income of the person during the income year exceeds the maximum amount that is not chargeable to tax under this Act;

(b) such person was assessed to tax for any one of the 3 (three) years immediately preceding that income year;

(c) such person is a company, a shareholder director or a shareholder employee of a company, a firm, a partner of a firm, a private association, an employee holding the position of executive or management position in a business, a public servant or a nonresident having a permanent establishment in Bangladesh;

(d) the person, not being an institution established solely for charitable purpose, has an income during the income year which is subject to tax exemption or lower tax rate under Chapter I of Part 6;

(e) any person registered as an assessee under section 261; or

(f) such person is required to furnish proof of submission of return under section 264.

(2) Filing of returns shall not be mandatory in the following cases, namely:—

(a) an educational institution—

(i) which is a primary or pre-primary school or government secondary or higher secondary school teaching in Bengali, or which is a Monthly Payment Order (MPO) educational institution; and

(ii) that does not have English version curriculum;

(b) Public University;

(c) Bangladesh Bank;

(d) local authorities;

(e) statutory government authorities or autonomous bodies, having no income other than funds received from government and interest income;

(f) any entity established or constituted by or under any law for the time being in force having no income other than funds received from the government;

(g) government provident fund and government pension fund;

(h) a non-resident individual having no fixed base in Bangladesh; or

(i) class of persons which the Board may, by notification in the official gazette, exempt from filing the return.