23.50 lakh taxpayers submit returns till Nov 30

Some 23.50 lakh taxpayers have filed their income tax returns till November 30 this year with a revenue collection of around Tk 4,335 crore.

The last date for submitting returns in the 2023-2024 tax year was November 30, but the government has extended the timeframe for submitting returns by individual taxpayers by another two months till January 31, 2024, while that of the companies' taxpayers till February 28, 2024.

Talking to BSS, NBR member Syed Mohammad Abu Daud said, "Since the scope for submitting returns has been increased this year, so usually the number of returns will increase this year compared to the previous year.

Due to the extension of the timeframe for submitting returns this year, the number of returns is expected to exceed 45 lakh this year," he said.

The NBR member also informed that submission of returns online has also had a positive impact on the return filing.

According to the NBR, the number of submitted returns in the last tax year was 35 lakh. As per the new income tax act, it is mandatory to submit the receipt of income tax return for availing some 43 types of services.

Currently, the number of TIN holders in the country is around 94 lakh.

/KN/