Income tax return can be submitted without penalty till 30 November 2022
Individual taxpayers can file income tax returns for the tax year 2021-22 free of charge till November 30. If someone wants to submit income tax return after 30th November, additional penalty will have to be paid along with income tax.
That is, November 30 is the deadline set by the government to submit income tax returns for individual taxpayers. After that, if someone wants to submit income tax return, he will submit it by paying a certain amount of penalty.
Incidentally, if a person fails to submit the income tax return within the stipulated time, according to the Income Tax Act, a penalty of 1000 taka or 10 percent of the previous year's tax payable is to be imposed.
It has been asked to give priority to the one which is higher in calculating the fine between the two. Besides, there is a provision of penalty of 50 rupees per day for the delay in filing the return.
Individual taxpayers can file income tax returns for the tax year 2021-22 free of charge till November 30. If someone wants to submit income tax return after 30th November, additional penalty will have to be paid along with income tax.
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That is, November 30 is the deadline set by the government to submit income tax returns for individual taxpayers. After that, if someone wants to submit income tax return, he will submit it by paying a certain amount of penalty.
Incidentally, if a person fails to submit the income tax return within the stipulated time, according to the Income Tax Act, a penalty of 1000 taka or 10 percent of the previous year's tax payable is to be imposed.
It has been asked to give priority to the one which is higher in calculating the fine between the two. Besides, there is a provision of penalty of 50 rupees per day for the delay in filing the return.
Md. Rezaul Karim, Income tax lawyer, Chairman-Shufia Hanef Foundation