Deadline for legalising income reset to Sunday
The deadline for legalising undisclosed income expires on Sunday as the original date, October 31, falls on Friday, the National Board of Revenue (NBR) chief said yesterday.
NBR Chairman Muhammad Abdul Mazid said the tax offices across the country would remain open on Saturday to accept income tax returns from taxpayers.
“The provision for disclosing undisclosed income will expire on Oct 31. Since the last date is a Friday, it will remain valid until next workday, which means Sunday,” Mazid told The Daily Star.
The tax authorities also extended the deadline to submit income tax returns by another six days to November 6 from October 31.
As of Monday, only 150,000 TIN-holders submitted income tax returns.
The government last year extended the deadline for income tax returns twice to Nov 30 and 640,000 TIN-holders paid Tk 739 crore in tax in fiscal 2007-08.
The government earned Tk 252 crore in tax from 530,000 taxpayers in 2006-07.
Comments