Tax returns can be submitted until December 1
November 30 is a public holiday and hence the submission date has been extended by one day
Taxpayers can submit their income tax returns on December 1 although the last date for submission is November 30.
In a directive earlier this week, the National Board of Revenue (NBR) asked its field offices to accept tax returns on December 1.
Officially, November 30 is the deadline for submission of income tax statements for a fiscal year. And as per the rule, if the deadline falls on public holiday, taxmen would be able to receive returns the next day.
According to the revenue board officials, services offered at the weeklong Income Tax Fair, which ended on November 20, will be available at all field-level offices until December 1.
NBR Chairman Md Mosharraf Hossain Bhuiyan said the revenue authority expects return submissions to rise to around 30 lakh this year, which was 22 lakh last year.
Taxpayers, as per rules, have to count penalty if they furnish tax returns after the last day of submission. But this year, they will not require paying the penalty for submission on December 1 as November 30 is the public holiday, he added.
The National Board of Revenue will observe November 30 as Tax Day throughout the country to raise awareness on the need for paying tax.
