CCCI organized a workshop on tax returns digitally

Business Report :
The Chittagong Chamber Of Commerce and Industry (CCCI) and SMAC Advisory Service Limited have jointly organized a workshop on personal tax returns submission.

The workshop was held Bangabandhu Conference Hall at the World Trade Centre in Chattogram on Tuesday.

President of CCCI Omar Hazzaz the chaired, Tax Commissioner of Chattogram Tax Zone-3 Dr Ikhtiaruddin Md Mamun present as the guest of honour.

President of Chittagong Taxes Bar Association Nur Hossain, Senior Partner of MM Rahman & Company Siddharth Barua, Vice President of Institute of Chartered Accountants Bangladesh Zahirul Islam, among others were present at the event.

The director of SMACIT Limited Director Snehashish Barua highlighted various aspects related to payment of personal income tax returns in the program.

The CCCI President said at the program that income tax is one of the main sectors of revenue of the government. However many people are not aware of income tax payments.

He said that the tax net should be increased without depending on fixed areas of taxpayers.

He pointed out that to encourage the middle-income people of the country to pay tax returns, the tax rate needs to be brought to a tolerable level.

Tax commissioner Ikhtiaruddin said the government has made it mandatory to file income tax returns for receiving more than 40 services in the new Income Tax Act. Again, the Act has also made it mandatory for all government employees to submit returns.

Under the new law, taxpayers who fail to file returns by November 30 will be denied tax exemption and tax rebate benefits, he said.