23.50 lakh taxpayers submit returns till November 30

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News Desk :
Some 23.50 lakh taxpayers have filed their income tax returns till November 30 this year with a revenue collection of about Tk 4,335 crore, according to BSS.

The last date for submitting returns in the 2023-2024 tax year was November 30, but the government has extended the timeframe for submitting returns by the individual taxpayers by another two months till January 31, 2024 while that of the companies taxpayers till February 28, 2024.

Talking to BSS, National Board of Revenue member Syed Mohammad Abu Daud said, ‘Since the scope for submitting returns has been increased this year, so usually the number of returns will increase this year compared to the previous year.’

‘Due to the extension of timeframe for submitting returns this year, the number of returns is expected to exceed 45 lakh this year,’ he said.

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The NBR member also informed that submission of returns through online had also put a positive impact in the return filing.
According to the NBR, the number of submitted returns in the last tax year was 35 lakh.

As per the new income tax act, it is mandatory to submit the receipt of income tax return for availing some 43 types of services.

Currently, the number of TIN holders in the country is about 94 lakh.