No more worries about filing income tax returns. The income tax department of NBR is going to launch a new type of online system for filing returns. From next September, you will be able to submit your return at home with just a few clicks. As a result, you do not have to enter the National Board of Revenue (NBR) website and submit the return by filling the prescribed form. But before you have to return online in a new way. Must register. First, you have to register as a taxpayer with National Identity Card and Tax Identification Number (TIN) via mobile phone. The National Board of Revenue (NBR) will then give you an ID and password. When you return, you will use that ID and password to enter the specific link. At this time the NBR system means the new system will ask you some questions.
You just answer. Based on your answer, the NBR system will automatically calculate the amount of your annual income, expenditure, and tax. With that, the income tax return will be ready. You just have to ‘confirm’ that return. According to NBR sources, a team from the Income Tax Department is now working on introducing the new system. The work of making the system is almost in the final stages. Asked about this, Ahsan H Mansoor, executive director of the Policy Research Institute (PRI), a private research institute, told Prothom Ala that it is tax-friendly. The initiative to introduce a new system of online return submission is very well appreciated. This will encourage taxpayers to file returns. Time to return and pay taxes. As if people (tax officials) do not have contact. The larger the NBR’s online system, the more services it can provide to taxpayers.
How to avail benefits In the new online system
The taxpayer has to answer only a few questions while submitting his return. To give an example, Mushfiqur Shakib works in a well-known private company. He will want to know the name of the organization when he returns to the new online system. You will be asked if there is any other source of income other than salary money. If there is no income other than salary, NBR will automatically prepare a return with all the information including Mushfiqur Shakib’s annual income, tax amount. He will have to show the return in that system, then he will just confirm. This time the question is, how will NBR get the information of Mushfiqur Shakib’s salary allowance. The company in which Mushfiqur Shakib works deducts withholding tax from his salary every month.
It is up to the NBR to decide how much tax is deducted at source against the salary of some TINs Then informs. Ahsan H Mansoor said the past experience of submitting returns online is not pleasant. Better online. There is a fear that the system will not be effective due to a lack of efficient management.
From there the NBR will take all the information automatically
Similarly, if a government official is a taxpayer, the question will be whether he gets a salary allowance through the IVAS system. If the answer is yes, the return will be made with all the information from Aviva’s system. In the case of traders, information will be taken by asking some questions in the same way. Refunds will also be made online. Not only returns can be submitted, but taxes can also be refunded. In addition to credit and debit cards, tax can also be deducted through various mobile financial services such as bKash, Rocket, iCash, UP. You will get the tax certificate sitting at home. You have submitted your return online. But after a while, the certificate is needed. The new online system also has that system. You will enter the system with the ID and password given to you at the time of registration.
There is a certificate prepared. You just print it out. According to NBR sources, if any taxpayer takes a bank loan. If you want, then if you want the bank authorities, you have the opportunity to know the income and expenditure information of that customer for the last few years. May be done. As a result, the bank will be able to know how strong the customer’s income-expenditure base is. However, the bank has to get the permission of the taxpayer to know the income-expenditure and tax information. Similarly, the income and expenditure and tax information of the visa applicant will also be available to the concerned embassy officials.
