Personal income Tax

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 […]

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

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

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

Introduction – Personal Income Tax Rates 2023-24 Personal Income Tax Rates 2023-24 – In the Finance Act of 2023, the tax-free income threshold for male taxpayers has been increased to Tk. 3.50 lakh from the current Tk. 3.00 lakh. For females and senior citizens above 65 years, the tax-free income threshold has been increased to