Finance Minister Abul Maal Abdul Muhith gave the budget for the next fiscal year. In the budget, the taxpayer has given taxpayers, yet again the new tax rectification has been taken. This year's event is organized every time
If the income is two and a half lakh rupees, then the tax
Proposal: Two-and-a-half lakhs of tax-free income limit has been kept in the personal interest. This tax-free income limit has not been increased in the past few years.
Impact: If you earn more than two and a half lakh rupees a year, you have to pay taxes. From July to June this year, you have calculated how much you earned. If you have 250 lacs or more, then prepare it. You have to pay taxes. This tax-free income limit has not been increased for several years. As a result, this news may not be pleasant for many. Last year, the people whose income was about two and a half million rupees were outside the Karjal. Now they will pay taxes if their pay-allowances or income increases. They will have to suffer, they will be stuck in a mortgage. There was no demand for increasing the tax-free income limit every year.
The Finance Minister got a trap to increase the number of taxpayers without increasing the tax-free income limit. In the budget speech, he argued that the tax-free income limit in developing countries is equal to or less than the per capita income. Tax free income limit in the country doubled per capita income.
Parents of disabled people were relieved
Proposal: Tax-free income limit of parents and children of law-abiding parents will be more than Tk 50 thousand. This will apply to all types of taxpayers of this type of family.
Impact: Last year the budget was increased by 25 thousand taka. Now the increase of Tk 50 has been increased. As a result, the parents of the disabled child or the legal guardians get a little comfort. They can spend more money for the disabled child than ever before.
Return to compulsory vehicle at Uber-Sendeway
Proposal: Rider sharing services have been made mandatory to return motor vehicle issuers and take 12-digit TIN.
Impact: Your car sits a lot of time in the day, thinking of giving rowdy sharing services like Uber, Send, Owai, Easy, Let's Gore as an additional income path. Think a little You have to take the TIN. The return will also be given at the end of the year. Initially, this initiative has been taken to increase taxpayers.
Growth of the incremental income increased
Proposal: Permissible spending limit of 5 lakh 50 thousand taka as perquijit has been made. Previously there was 4 lakh 75 thousand taka.
Impact: Workers will get the benefit. Medical, health, mobile phone bills, and other sectors, they get the allowance. Prior to five lakh taka was tax free. Now it has been upgraded to five and a half million taka.
Careers Careful
Proposal: If the salaried workers do not return the returns, then the expenditure and audit of the organization will be audited.
Impact: The National Board of Revenue (NBR) has taken initiative to increase the number of tax identification number (TIN). Last year, it was compulsory for such workers to take TIN. The returns were also made compulsory. However, the penalty of the penalty has been thrown to the organization. If the employees do not return the returns, then the audit of the organization will be audited.
Jail-fined if false information is given
Proposal: If false information is given, it has been suggested to sentence to three years' district or fine or both.
Impact: This will reduce the tendency to give false information. Taxpayers will be discouraged by tax evasion.
E-mail All Notices
Proposal: All the notice will be sent to the taxpayers in e-mail.
Impact: This is a good initiative. Tax officials with taxpayers and organizations will not meet the tax officials. Harassment will reduce. The e-mail address must be given in the return document. But the problem is those who do not have e-mails, what will happen to them.
If you have a home-car, the property statement is compulsory
Proposal: Regardless of the amount of the asset, it has been compulsory to provide an asset description with an annual return, whether it is automobiles, flats or housing.
Impact: Home-carrier's resources and income-expenditure can be found.
Three thousand rupees to pay
Proposal: Last year like Dhaka North and South City Corporation and Chittagong City Corporation; Out of the other city corporation and city corporation areas, the minimum tax was Tk 5000, Tk 4,000 and Tk 3,000 respectively.
Impact: You will have to pay at least three to five thousand taxes if you earn two and a half lakh rupees.
Deadline November 30th
Proposal: Deadline for submission of income tax return or return November 30. Being part of the law, it will continue in the future.