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
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
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 15th
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
No comments:
Post a Comment