DHAKA, Jan 3, 2024 (BSS) - The interest among the individual taxpayers for
submitting returns through online has increased as a total of 4,07,501
taxpayers submitted their returns through online till December 31, 2023.

The number of submitted returns through online is higher this year compared
to the previous year while the deadline for submission of income tax returns
has already been extended by two months till January 31, 2024.

Earlier, in the last fiscal year (FY23), the number of income tax returns
through online totaled 2.72 lakh.

Officials at the National Board of Revenue (NBR) said that the number of
returns through online is likely to cross six lakh in this fiscal year.

Talking to BSS, NBR member AKM Badiul Alam said, "In the new income tax act,
the process for submitting returns through online has been simplified.
Besides, the taxpayers are also getting acknowledgement slips and tax
certificates instantly upon submission of their returns through online. Due
to this reason, the interest for submitting returns through online among the
taxpayers has been increased."

Badiul said that the NBR has strengthened the digital platform to simplify
the submission of tax returns through online. "If the other government
agencies could build up such strong digital platform, then the submission of
income tax returns through online will increase manifold," he added.

He was also hopeful that it would be possible to introduce submission of
returns through online by the company taxpayers within six months.

According to the new income tax act, it has been made mandatory to submit
acknowledgement slip of income tax returns for availing some 43 types of
services.

Currently, the number of e-TIN holders in the country is 94 lakh.