Income Tax Act 2023
Section 264 - Displaying Proof of Submission of Return
(as updated till Finance Act 2024)
(1) An assessee having income from business, obliged to submit his return of income under this Act shall display the proof of submission of return at a conspicuous place of such assessee’s business premises.
(2) Where an assessee fails to comply with the provision of sub-section (1), he shall be liable to pay a penalty of minimum Taka 1[20 (twenty) thousand and not exceeding Taka 50 (fifty) thousand] as imposed by the Deputy Commissioner of Taxes.
1 The figures, words and brackets “20 (twenty) thousand and not exceeding Taka 50 (fifty) thousand” were substituted for the figures, words and brackets “5 (five) thousand and not exceeding 20 (twenty) thousand” by section 73 of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.