An income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
What is e-TIN? E-TIN stands for Electronic Tax Identification Number, a modernized version of income tax registration. This is a 1 digit 12 digit number. This measure has been taken...
A taxpayer is identified as a taxpayer through registration (Taxpayer Identification Number-TIN). Registration is required if the income limit of individual taxpayers (including non-resident Bangladeshi), Hindu joint family, partnership firm,...
Due to the continuous downfall in the stock market of the country, in order to stabilize the stock market and increase the number of new investors, opportunities have been created...
If a taxpayer invests or donates in the following cases, he will get a direct income tax rebate of 15% of the investment and donated amount**. Investment Sector: The following...
Industrial Undertaking Eligible for Tax holiday: active pharmaceuticals ingredient industry and radio pharmaceuticals industry;barrier contraceptive and rubber latex;basic chemicals or dyes and chemicals;basic ingredients of electronic industry (e.g resistance, capacitor,...
The Withholding Tax Entities are: Any Government Entity, that is,(a) The Government or any of its Ministry, Division, or Office;(b) Any Semi Government or Autonomous Organization;(c) Any State owned Institution;(d)...