New tax return form on cards
Unb, Dhaka
The National Board of Revenue (NBR) has sent a draft of a simplified income tax return form to the law ministry for vetting.The existing tax return form containing several pages will be made one-page for the convenience of taxpayers. An NBR official yesterday told the news agency the existing income tax return form is complicated and many of the taxpayers fail to understand how to fill it up. "The taxpayers often feel helpless in filling up many sections of the form," he said. Two types of forms will now be introduced, one for companies and the other for individuals. NBR sources said the simplified form will encourage new taxpayers as well as the old ones to pay income tax in due time. The NBR has been trying to introduce the new system for submission of tax return. The government has introduced universal self-assessment system for income tax return. The taxpayers will not be questioned for anything about their income tax return. "The tax officials won't question the income of any individual if he/she has documents in favour of claim. The official will submit the documents to the NBR and if NBR is not satisfied it will give permission to go for further examination of the tax file," the NBR official said.
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