NBR gets good response asdeadline ends

The deadline for submission of income tax returns for 2017-18 ended yesterday amid a rush of taxpayers seeking to comply with the rules and avoid paying late fee.

Until 8pm yesterday, taxmen received 14.25 lakh returns, which was 24 percent higher year-on-year, according to a provisional estimate of the National Board of Revenue.

“We got a very good response,” said a senior official of the NBR.

He said they would receive returns until 10pm and so the total would increase. Taxpayers will be able to seek additional time from tax offices to furnish returns. They would then have to pay a late fee.

Total revenue collection rose 18 percent year-on-year to Tk 58,897 crore in July-October, the NBR said. Income tax, the second biggest source of revenue, grew 16 percent to Tk 17,031 crore during the period.