tax rate, rebate and tips for resident and non resident

Today I am going to discuss about tax rate , tax rebate for resident and nonresident for the assessment year 2013-14 and also legal time frame for filing return. A common problem for the taxpayers ( assessee) is how they can file return timely if they are in abroad at the time of filing return . Can anyone do it in their favor ? Solution of the problems is given here.

Tax rate:

               non resident non Bangladeshi / Foreign-        25% or at the maximum rate

                Bangladeshi non-resident  pays  tax in            general rate 

for assessment year 2013- 2014 income of individual
                                              
                                    from tk. 1 to tk.2,20,000 tax       nil

                                                   
                                     for next tk. 3,00,0000 tax   @    10%

                                    for next tk. 4,00,000     tax    @  15%

                                                                                            
    for  next tk. 3,00,000      tax @   20%

                                                  

      for next     tax @    25%

Exception       for women and 65years old taxpayer 
tax exempted income                  tk 2,50,000

                                  for handicapped  taxpayer 
                                  tax exempted income                  tk 3,00,000

 Investment tax rebate :

¨     non resident non Bangladeshi/ Foreigner will not get rebate

¨     Bangladeshi resident or non resident will get rebate

rate  for assessment year 2011-2012

              @ 15% (30%  of total income or actual investment or  tk. 1,50,00,000/- 1 and half crore, whichever is lower)

When to file return 

for individual/ firm/AOP/HUF –

·        from 1st day of July to 30 th day of September

for govt. official (individual) engaged in higher education on deputation or lien outside Bangladesh

·          within 3 months after return  u/s 75(c)ii

company         

                          by the 15 th day of July next following the income year      or

                           before the expiry of  six months from the end of income year (maximum 31 st December)  if 15^th July falls before the expiry of six months  

How to pay tax or file return if he is in abroad

u/s  75 b proviso  -   

              In abroad   any non resident Bangladeshi may file return and bank draft to nearest Bangladesh Mission . Mission will receive ,issue receipt with seal and send return to N B R

    or,      u/s 174  non resident may engage authorized representative (ex.  relatives) /

 Income Tax Practitioner