Tax returns deadline extended till Nov 2
![This Star photo taken on June 6, 2013 shows sufficient numbers of tax officials and staff helping citizens file their tax returns in a cordial environment at the tax fair.](https://tds-images.thedailystar.net/upload/gallery/image/online/cs03.jpg)
Deadline for submitting income tax returns for the current year is going to be extended by another month from September 30, a high official of National Board of Revenue (NBR) said.
The authorities will issue a circular on the new timeline for tax returns submission by September 30, the official told The Daily Star.
Preparations for two major religious festivals, Eid-ul-Azha and Durga Puja, which fall early next month, mean that taxpayers might be unable to complete all formalities before the September 30 deadline, officials of the National Board of Revenue said.
The move means it is yet another year that the NBR has given more leeway to individual taxpayers to comply with tax rules such that it raises the state's capacity to finance annual expenditures.
Last year, the tax authority extended the deadline several times due to political unrest and to give people time to get electronically generated taxpayer identification numbers (TIN).
The tax administration introduced online TIN to clean up its database of TINs that were issued manually earlier.
Some 3.91 lakh taxpayers signed up for TINs for the first time following the introduction of the online system, while 9.65 lakh of the old TIN holders re-registered.
However, the total number of taxpayers who furnish income tax and wealth statements remains lower than the registered TIN holders.
Last year, 10.38 lakh taxpayers submitted their tax returns, down 10.82 percent year-on-year, according to NBR.
Taxmen blamed the sluggish economic pace owing to political instability for the reduced submission of returns.
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