• Saturday, Jan 16, 2021
  • Last Update : 11:48 pm

Tax returns filing window slams shut on Nov 30

  • Published at 11:36 pm November 29th, 2020

NBR refuses to extend deadline, saying taxpayers were given ample time to complete the task

National Board of Revenue will not extend the deadline for income tax filing beyond November 30, said its Chairman Abu Hena Md Rahmatul Muneem.

“There is no scope for extending the timeframe as per the Income Tax Ordinance,” he said at a press conference yesterday.

The disclosure is a disappointment for taxpayers, who have been requesting for an extension given the looming second wave of coronavirus. 

Asked whether this decision would lead to huge gatherings in front of tax offices in the last two days, heightening risks of transmission of the lethal virus, Muneem said the taxpayers had enough time to file in their returns.

The tax offices began accepting returns from July 1.

This year, the countrywide income tax fair could not take place because of the pandemic, but all the taxes zones are providing the facilities that usually exist in the tax fair.

Taxpayers can apply to the commissioner concerned for an extension, Muneem said. 

If they can show valid reasons for their failure to submit the returns within time, they would be given an extension and their 2 per cent fine would be waived.

The tax commissioners have been instructed to be lenient towards taxpayers regarding the penalty, Muneem said.

As of Thursday, about 13.2 lakh returns were filed, up 9.8 per cent year-on-year.

Tax payments amounting to Tk 2,308 crore were cleared, down from last year’s Tk 2,580 crore, according to the NBR chairman.

Only 46 lakh out of the population of 16 crore have the Taxpayer’s Identification Number and about 20 lakh submit returns every year.

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