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Saturday, 04 February 2012

Online income tax return submission begins, number of taxpayers to reach 1 crore: Muhith

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Reported by: UNBconnect
Reported on: September 05, 2010 20:43 PM
Reported in: Business
News - Online income tax return submission begins, number of taxpayers to reach 1 crore: Muhith
Dhaka, Sep 5 (UNB) - Inaugurating the online income tax return system today Finance Minister AMA Muhith expressed hope that the number of tax payers in the country would reach one crore in near future.

The system was introduced only for tax zone-8, which will be gradually done in all tax zones. In tax zone-8, doctors, chartered accountants, lawyers, architects and the taxpayers in Gulshan and Banani are included.

For submission of tax through online, a taxpayer needs to visit the website www.taxzone-8.org, where the taxpayers would be able to know in details on how to submit returns through online.

The taxpayers could submit their tax returns from home or even abroad. Each taxpayer will have a personal identification number (PIN). The taxpayers will visit the website of tax zone-8 and use the
PIN to access their accounts.

The taxpayer will also get information on his tax status.

Although this payment system will not be introduced right now, a taxpayer can send his pay order number online and send the pay order to the tax-zone office by post or any other means later, said
officials.

The taxpayer would be spared going through the hassles in submitting tax returns personally.

The taxpayers may face some problems initially. If the payer makes a mistake in submitting the returns online in the initial stage, they will get a scope to make corrections later.

Besides, there will be a service centre with trained personnel on the ground floor of the office.

If taxpayers need assistance, they can go to the centre and submit returns with the assistance of the staffs and also learn the process at the same time.

At an individual level, this is the first time that online return submission has taken place. At present, there is a scope for that in the Large Taxpayer Unit (LTU) at company level.

The Finance Minister lamented that out 27 lakh TIN holders, only 8 lakh pay tax and the rest don’t. He hoped that the number will reach one crore and if they pay tax the country will reach a respectable position.

Muhith was the first individual tax payer to submit return through online for the 2010-11 fiscal under the Tax Zone-8.

The Finance Minister said that through online submission of the returns, the country moved one step ahead towards the Digital Bangladesh.

“The purpose of the online submission is to ease and simplify the submission process as well as reducing the harassment of the tax payers,” he said hoping that the rest of the tax zones will be
brought under online tax submission from next year.

Muhith underscored that the citizens should realize that paying tax is like serving the nation. Besides, it should be remembered that paying tax is easy, not like entering into a harassment cycle.

NBR chairman Dr Nasir Uddin Ahmed said that they have taken the initiative to build digital NBR and the online return submission has been introduced in Zone-8 on pilot basis as part of that initiative.

He informed that about 30,000 individual taxpayers of Dhaka under zone-8 will be able to submit their tax returns online from Sunday.
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