FAQ

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Mon, 18 Feb, 2019 at 1:42 AM
what is the basic principle of charging income tax ?
Income tax is a progressive tax system. It is imposed on the basis of ability to pay. “The more a taxpayer earns the more he should pay’’- is the basic prin...
Sun, 16 Feb, 2020 at 7:02 PM
Who should submit Income Tax Return?
If total income of any individual other than female taxpayers, senior male taxpayers of 65 years and above, retarded taxpayers and war wounded gazetted fre...
Sun, 16 Feb, 2020 at 7:05 PM
Consequences of Non-Submission of Income tax Return
imposition of penalty amounting to 10% of tax on last assessed income subject to a minimum of Tk. 1,000/- in case of an individual assessee whose income w...
Sun, 16 Feb, 2020 at 7:07 PM
Description of Assessment Procedures
For a return submitted under normal scheme, assessment is made after giving an opportunity of hearing. For returns submitted under Universal Self Assessment...
Sun, 16 Feb, 2020 at 7:10 PM
what is Tax Recovery System
In case of non-payment of income tax demand, the following measures can be taken against a taxpayer for realization of tax:- Imposition of penalty. Attac...
Sun, 16 Feb, 2020 at 7:12 PM