2. NAME: Sajal Eahsan Dip
ID NO:20151112022
ACCOUNTING & INFORMATION
SYSTEMS DEPARTMENT
3. Who require to file return of income
Let’s Get into my Topic…
AIS:-
4. Who require to
filereturn of income
Not ever yone is required
to file a federal tax return,
only those whose incomes
exceed a cer tain amount.
5. Four things
Four things determine whether you must file a
tax return and how much you can earn before
you have to do so:
• Are you someone else's dependent?
• What's your filing status?
• How old are you?
• What was your gross income for the year?
6. Subject to the provisions of sub-
section , every person shall file
or cause to be filed, with the
Deputy Commissioner of Taxes, a
return of income of the income year
7. Who require to file return of income
if the total income of the person
during the income year exceeds
the maximum amount that is
not chargeable
if such person was assessed to
tax for any one of the three
years immediately preceding
that income
ifthepersonis
a company
a NGO
a firm
a co-
operative
society
an
association
of persons
8. OR if the person is-
(vi) a shareholder director or a shareholder employee of a company; or
(vii) a partner of a firm; or
(viii) an employee of the government or an authority corporation, body
or units of the government or formed by any law, order or instrument being
in force, if the employee, at any time in the income year, draws a basic salary
of taka sixteen thousand or more; or
(d) if the person, not being an institution established solely for charitable
purpose or a fund, has an income during the income year which is subject to
tax exemption or lower tax rate under section 44; or
9. if the person, at any time during the relevant income year fulfills
any of the following conditions
owns a motor car
owns a membership of a club
registered under মূল্য সংয োজন
কর আইন
Runs any business or
profession having
trade license
Has registered with the Board
as an income tax practitioner
participates in a tender
floated by the government
Runs for an office of any
parastatal, city corporation,
or a Member of Parliament
serves in the board of
directors of a company
or a group of companies
Has registered with a
recognized professional body
as a doctor, lawyer, CA
10. along with bank draft
equivalent to the tax
liability, if any, on the basis
of such return, to his
nearest Bangladesh mission
and the mission will issue a
receipt of such return with
official seal and send the
return to the Board
Provided that any non-
resident Bangladeshi may file
his return of income
11. A return of income shall not
be mandatory for-
An educational institution
receiving government
benefits under Monthly
Payment Order (MPO
Any class of persons
which the Board, by
order in official gazette,
exempt from filing the
return
A Public University
A fund
12. Advantages of filing a return without taxable income
Tax returns give a detailed account of the total income earned and total
tax paid by you. Moreover, these documents are accepted by various
agencies as a proof of your income. Some other advantages of filing
returns are as follows:
• Claiming tax refund
• Carry forward losses
• Easy loan processing
• Visa processing
