Income Tax Act 2023
Section 73 - Filing of Audited Financial Reports by Companies, etc
(as updated till Finance Act 2024)
1[ Any person other than individual and Hindu Undivided Family] and any person deriving income from long-term contracts shall furnish, along with the return of the income year, a copy of the income statement and the 2[financial statement] certified by a Chartered Accountant to the effect that—
(a) the accounts are maintained and the statements are prepared and filed in accordance with International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and relevant laws in force in Bangladesh for the said assessment year;
(b) criteria prescribed by the Board, from time to time, have been followed; and
(c) the accounts have been audited in accordance with the International Standards on Auditing (ISA) 3[:
Provided that this provision shall not apply to the following cases, namely: –
i. any such firm, trust, association of persons, foundation, society, and cooperative society having gross receipts not exceeding Taka 5 (five) crore;
ii. any educational institutions engaged only in primary and preprimary education. ]
1 The words “any person other than individual and Hindu Undivided Family” were substituted for the words, figures and brackets and comma “any company, such firm association of persons, trust having turn-over more than Taka 3 (three) crore” by section 31(a) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
2 The words “financial statement” were substituted for the word “balance-sheet” by section 31(b) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
3 The “colon” was substituted for “full-stop” and thereafter the proviso was inserted by section 31(c) 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.