The Income Tax Fair-2019 is starting all week at the GEC Convention Center in the city.
The Income Tax Department expects to file 60,000 returns at the Income Tax Fair.
Chittagong City Corporation Mayor AJM Nasir Uddin will inaugurate the fair next Thursday (November 14th) as the chief guest.
The Commissioner of Tax Zone-2 and convener of the Fair Committee GM Abul Kalam Kaykobad said this through a press conference at the Sampan Conference Room of the Tax Department on Monday.
He said that the fair will be celebrated for 7 days in 8 divisional cities including Dhaka and Chittagong, 4 days in 56 district cities, two days in 48 upazilas and one day in 8 upazila cities. Celebrating Income Tax Day since 2008 and organizing income tax fair since 2010, the contribution of direct tax to the national budget has been increasing steadily.
He also informed that Information Minister Dr Hasan Mahmud MP will honor the highest and long-term taxpayers nominated by the Income Tax Department next Wednesday (November 13).
Tax Commissioner Kayakobad said taxpayers will be able to submit tax returns for the 2019-2020 tax years at the fair. There will be 46 booths for each tax zone or circle in Chittagong for easy access to tax information and services. The e-TIN registration will be in the booth at the fair where new taxpayers will be able to register for the e-TIN. There are also arrangements to pay income tax online and through. The fair will benefit from payment of income tax through e-payment.
According to the Income Tax sources, the Board of Revenue of the nation, in the financial year 2018-2019 will pay Tk 72 thousand 899 crore 90 lakhs and import duty, value added tax (import and local level), supplementary tariff (import and local level) and export duty and total of Tk 2 lakh 23 thousand 892 crore with turnover tax has been collected.
the current financial year 2019-2020, the total revenue target of the National Board of Revenue Tk 3 lakh 25 thousand 600 crore and the income tax collection target Tk 1 lakh 15 thousand 588 crore 16 lakh. In addition, the financial year 2018-2019 in Chittagong income tax collection Tk 11 thousand 177 crore.
Tax Commissioner (Tax Zone-1) Md Iqbal Hossain, Tax Commissioner (Tax
Zone-3) Md Mahbub Rahman and Tax Commissioner (Tax Zone-4) Barrister Muntakin Billah Faruqi were present at the press conference.
## Rahul Sarker Palash, 11.11.19
