Acknowledgement

Now - a- days it is a global world. None can run his life without  money . A govt. also cannot run a state without revenue . Revenue is like blood that runs through the vein and supplies oxygen . So several types of  legal arrangements are made to increase revenue collection. Snares are spread to suck revenue at every phase when income is generated. More or less in every country govt. establishes legal institution to detect tax evasion and avoidance . Income tax is a source of  revenue. It is also known as direct tax . It helps to create social equality. So a responsible citizen should cooperate with govt. of the country where he earns to pay taxes.

Bangladesh is a country which was born in 1971 through hard struggle and sacrificing a lot of lives. It snatched away its crimson red sun after taking bath in a vast pool of blood. It is a matter of happiness that this country is now advancing to occupy its rightful place in the world. To keep pace with the modern world it has opened its market, signed treaties with many  countries. As a result  a lot of foreigners visit her for doing business, serving in multinational companies and in various sectors. Bangladeshies  living in many countries  send remittance and contribute to the economic development. In this democratic  country Govt. is alert to change the total scenario and image of the country by earning more revenue and utilizing properly. This responsibility is assigned to Ministry of Finance of which N B R is a wing. National Board of Revenue (NBR) is a specialized organization who works for increasing revenue collection and finding out tax avoidance and evasion. For this  necessary law and rules are existent namely Income Tax Ordinance, 1984 and Income Tax Rules.  It is very necessary to know tit- bits of taxation in Bangladesh  to save money. For example , a person may have  paid tax in another country . When he comes in Bangladesh he has to pay tax again . But in some cases there is exception. If Bangladesh has tax treaty to avoid double taxation with that country that taxpayer may not pay tax again .In this respect, this blog will give you guideline . This will help the taxpayers / professionals to get all the relevant matters at a glance.

§  It is written with

·         required information

·         section ,rule and SRO

·         necessary updates

·         examples

·         analytical description

It is free from any complexity. Eager persons are invited for open discussion. Ask me questions and get answers  within a short time. Thanks.