The deadline for submission of income tax returns by individual taxpayers expires today with poor response mainly due to political turmoil.
Though there are around 13 lakh valid TIN holders, the National Board of Revenue (NBR) received around 8 lakh returns till Thursday, officials said.
The situation has made the NBR high-ups disappointed for failure to attract taxpayers despite extension of the deadline for three times.
According to the income tax ordinance, the NBR can fine Tk1,000 at a time and Tk50 for each day if any TIN holder fails to submit the returns within the deadline.
However, the ordinance allows taxpayers to seek extension for submission of the return subject to valid reason.
The Deputy Commissioner of Taxes can allow maximum three months to the respective taxpayers.
The revenue body has made several efforts but failed to bring taxpayers under the newly introduced Electronic Taxpayers Identification Number (eTIN) since only 9.5 lakh taxpayers registered with the new system.
The system was introduced on July 1 to boost revenue collection, reduce hassles and prevent issuance of fake TINs.
The deadline for E-TIN registration also expires today and there would be no effectiveness of old manual 10-digit TIN from tomorrow.