Submission of online income tax returns crosses 1 lakh

The submission of income tax returns through electronic method or online Wednesday crossed the milestone of 1 lakh.

The submission of income tax returns through electronic method or online Wednesday crossed the milestone of 1 lakh, thanks to the huge interest created among the valued taxpayers on such method.

The revenue board informed us that the taxpayers are now very much interested in paying taxes online as the system is very easy.

The deadline for submission of returns for individual taxpayers is November 30. But, any taxpayers can extend the deadline for themselves by appealing before the concerned taxes zone.

The National Board of Revenue (NBR) today celebrated the milestone of crossing 1 lakh submission of returns online by cutting a cake at the NBR building in the city's Segunbagicha area. NBR Chairman Abu Hena Md Rahmatul Muneem and other high officials were present on the occasion.

NBR Member Zahid Hasan, who is entrusted with rendering online return submission-related services, said that e-return submission offers various facilities like e-payment while staying at home alongside taking certificates, taking copies of income tax returns and thus applying before the revenue board for extending the timeframe for submitting returns.

"The taxpayers are gradually becoming more interested in submitting returns online since it is very easy and taxpayer-friendly," he added.

Zahid informed that till November 23, 2022, a total of around 1.04 lakh returns were submitted online while this number is expected to increase further on November 30, 2022, the last date for submitting income tax returns.

In the last fiscal year (FY22), a total of 61,000 returns were submitted online.