Income Tax Return

In Bangladesh, filing an income tax return is a mandatory requirement for individuals and entities earning taxable income. The National Board of Revenue (NBR) oversees the taxation system, and individuals, including employees, self-employed individuals, and businesses, are required to submit their income tax returns annually. The income tax return includes details of income earned from various sources, such as salary, business profits, capital gains, and other sources, along with deductions, exemptions, and tax credits applicable under the Income Tax Ordinance. Taxpayers can file their returns electronically through the online platform provided by the NBR, known as ‘MyTax.’ Filing income tax returns not only fulfills a legal obligation but also enables taxpayers to claim any eligible tax deductions or refunds and ensures compliance with tax laws. Additionally, it plays a crucial role in revenue collection and facilitates the government’s efforts to maintain transparency and accountability in the taxation system.

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