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Muhith: Tax returns deadline not to be extended

  • Published at 12:40 am November 29th, 2016
Muhith: Tax returns deadline not to be extended
“There is no possibility to extend the time for tax return submission,” Muhith told journalists at a tax return submission ceremony yesterday. National Board of Revenue Chairman Md Nojibur Rahman was also present. Finance minister said 2% fine would be imposed on late submission. Muhith said he had requested the ministers at cabinet meeting to submit tax returns in public, but they “didn’t respond.” During the function, he criticised the Rupali Bank for having high amount of default loans. “It’s unfortunate for the state-run Rupali Bank to have such a huge amount of default loans.” A gold trader of Feni Tk151 crore loans from Rupali Bank in undue process, according to a newspaper report. The report said the bank’s Board of Directors approved Tk60 crore loan to the trader but the other Tk73 crore was given without the board’s approval. Finance minister said: “Earlier, directors were appointed on political consideration. Now we have changed the policy. Hope the amount of default loans will reduce soon.”