Weeklong income tax fair kicks off tomorrow

A weeklong Income Tax Fair will kick off in the capital and seven divisional headquarters of the country tomorrow (Tuesday).

This is the first time the National Board of Revenue will organise the fair in its own building in the capital’s Agargaon area. The fair will open at 10 am and continue till 5 pm.
The taxpayers will be able to file tax returns online from the fair for the first time this year.
The income tax fair at the district level will be held on any four days of the week, while a one- or two-day fair will be held in 86 upazilas during 
the period.
The NBR has completed all the necessary preparations to hold its annual weeklong income tax fair.
Meanwhile, Housing and Public Works Minister Mosharraf Hossain is scheduled to inaugurate the weeklong fair on the day, organised by Chittagong Taxes Department zone 1,2,3,4 jointly as part of country wide programme of   National Board of Revenue (NBR), said Md Nazrul Islam, commissioner tax zone-1 of Chittagong, yesterday (Sunday) at a press briefing held at Agrabad in Chittagong.
Md Nazrul Islam read out a written statement while fair organising committee chairman Mahabub Hossain was present.
This year tax collection target is fixed for Tk 9, 500 crore while in the last year Tk 7,052 crore was reaslied in the tax fair.
Nazrul Islam said that the economy of a county is determined its success in collecting resources and use that. 
The objective of the fair is expanding tax education, creating tax-friendly environment, remove unnecessary fear on tax, increasing public relations with the tax department and ensuring one-stop service, added Nazrul.
Pradyut Kumar Sarkar, tax commissioner zone-2, Motahar Hossain, tax commissioner zone-3, Ahmed Ullah, tax commissioner zone-4, additional tax commissioner Bazlur Rahman Bhuiyan were present among others in the press briefing.
NRB collected Tk 2035.32 crore as revenue from the weeklong fair last year. Some 757,754 taxpayers got various services from the fair whereas a number of 1,61,060 taxpayers submitted their income tax returns in the fair.
This year, the NBR will collect income tax returns in both old and new formats.
To reduce the hassles of the taxpayers, the NBR simplified the income tax return form from this fiscal. Instead of the eight-page form, the taxpayers from this year will fill up a three-page one in the new format.
November 30 will be the last date for the submission of income tax returns unlike the previous years when September 30 was the last date for the submission.
According to sources at the NBR, interest will be imposed on the income tax returns that will be submitted after November 30.

Weeklong income tax fair kicks off tomorrow

A weeklong Income Tax Fair will kick off in the capital and seven divisional headquarters of the country tomorrow (Tuesday). This is the first time the National Board of Revenue will organise the fair in its own building in the capitals Agargaon area. The fair will open at 10 am and continue till 5 pm. The taxpayers will be able to file tax returns online from the fair for the first time this year. The income tax fair at the district level will be held on any four days of the week, while a one- or two-day fair will be held in 86 upazilas during the period. The NBR has completed all the necessary preparations to hold its annual weeklong income tax fair. Meanwhile, Housing and Public Works Minister Mosharraf Hossain is scheduled to inaugurate the weeklong fair on the day, organised by Chittagong Taxes Department zone 1,2,3,4 jointly as part of country wide programme of National Board of Revenue (NBR), said Md Nazrul Islam, commissioner tax zone-1 of Chittagong, yesterday (Sunday) at a press briefing held at Agrabad in Chittagong. Md Nazrul Islam read out a written statement while fair organising committee chairman Mahabub Hossain was present. This year tax collection target is fixed for Tk 9, 500 crore while in the last year Tk 7,052 crore was reaslied in the tax fair. Nazrul Islam said that the economy of a county is determined its success in collecting resources and use that. The objective of the fair is expanding tax education, creating tax-friendly environment, remove unnecessary fear on tax, increasing public relations with the tax department and ensuring one-stop service, added Nazrul. Pradyut Kumar Sarkar, tax commissioner zone-2, Motahar Hossain, tax commissioner zone-3, Ahmed Ullah, tax commissioner zone-4, additional tax commissioner Bazlur Rahman Bhuiyan were present among others in the press briefing. NRB collected Tk 2035.32 crore as revenue from the weeklong fair last year. Some 757,754 taxpayers got various services from the fair whereas a number of 1,61,060 taxpayers submitted their income tax returns in the fair. This year, the NBR will collect income tax returns in both old and new formats. To reduce the hassles of the taxpayers, the NBR simplified the income tax return form from this fiscal. Instead of the eight-page form, the taxpayers from this year will fill up a three-page one in the new format. November 30 will be the last date for thesubmission of income tax returns unlike the previous years when September 30 was the last date for the submission. According to sources at the NBR, interest will be imposed on the income tax returns that will be submitted after November 30.