Patuakhali Science and Technology University Dumki, Patuakhali – 8602
A Report on
“An individual’s return form of Income”
Course Code: AIS-223
Course Title: Theory and practice of Taxation in Bangladesh
Submitted to:
Md. Zakir Hosen
Dr. Md. Takibur Rahman
Professor
Professor
Department of Accounting and Information
Department of Accounting and Information
System
System
Patuakhali Science and Technology
Patuakhali Science and Technology
University
University
Submitted by:
Sadika Afrin Tanshy
Id. No: 2003002
Reg. No: 09599
Faculty of Business Administration
Patuakhali Science and Technology University
Dumki, Patuakhali -8602
DATE OF SUBMISSION: 07/11/2023
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Letter of Transmittal
Date: November 7, 2023
Professor,
Dr. Md. Takibur Rahman,
Md. Zakir Hosen,
Department of Accounting
and Information System,
Faculty of Business Administration,
Patuakhali science and Technology University.
Subject: Letter of Transmittal
Dear Sir,
We are grateful to you that you have assigned us to submit the report as a partial
requirement of the course “Theory and Practice of taxation in Bangladesh”. This report
is prepared based on secondary data.
Therefore, we would like to request you accept our report. And last, thank you for
assigning us the report. We sincerely hope this report will live up to your expectation.
Regards,
______________________________
Sadika Afrin Tanshy
ID: 2003002
Level-2, Semester-2
Faculty of Business Administration
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Acknowledgement
First of all, we like to express sincere gratitude to almighty Allah who has granted us health
and long life, without which we could not have finished this report, then we want to give cordial
respect and sincere thanks to our honorable course teacher Professor, Dr. Md. Takibur Rahman,
Md. Zakir Hosen, Department of Accounting and information System, Faculty of Business
Administration, Patuakhali Science and Technology University, without whose assistance,
help and encouragement we could not be able to prepare this report.
Finally, we want to confess that this report has been prepared based on our experiences and
information provided by the authority but there could have been some unwilling errors and
lack, we hope that you would be kind enough to accept those.
Sincerely yours,
Sadika Afrin Tanshy
ID: 2003002
Level-2, Semester-2
Faculty of Business Administration
Patuakhali Science and Technology University
Dumki, Patuakhali-8602
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National Board of Revenue IT-11GA (2023)
www.nbr.gov.bd
For Office Use
Serial No. of Return Register FORM OF RETURN OF INCOME
Volume No. of Return FOR INDIVIDUAL PERSON
Register
Date of Return Submission
1. Name of the Taxpayer: Md. Shariful Islam
2. National ID No. / Passport No. (If No NID): 19892911835156256
3. TIN: 1 7 5 8 7 6 2 9 6 5 8 5
4. (a) Circle: Circle-247 (b) Taxes Zone: 12, Dhaka
5. Assessment Year:2023-24 6. Residential Status: Resident / Non-resident
7. Taxpayer’s Status: Individual Firm Hindu Undivided Family Others
8. Tick on the box for getting special benefit:
A gazette war-wounded freedom fighter Female Third gender
Disable person Aged 65 years or more A parent of a person with disability
9. Date of Birth (DD MM YYYY)
2 8 0 4 1 9 7 8
10. Wife/Husband's Name : Sadia Tanin
TIN (if spouse is a Taxpayer): ……………………………………………………………
11. Address: 49/D/1 , Badda Nagar Lane, Hazaribagh, New Market ,Dhaka 1205
Mobile: 01721933178 E-mail: Shariful2227@gmail.com
12. If employed, employer’s name: Jagannath University
13. (a) Name of Organization: …………………………………………………………………
(b) Business Identification number (BIN): .........................................................................
14. Name and TIN of Partners / Members in case of Firm / Association of Persons:
………………………………………………………………………………….
…………………………………………………………………………………..
…………………………………………………………………….......................
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Statement of Income and Tax during the Income Year ended on : 30 - Jun- 2023
Name of the Taxpayer: Md. Shariful Islam
TIN: 1 7 5 8 7 6 2 9 6 5 8 5
Particulars of Income Amount in Taka
1. Income from Employment (annex Schedule 1) 894560
2. Income from Rent (annex Schedule 2) 364500
3. Income from Agriculture (annex Schedule 3) 117500
4. Income from Business (annex Schedule 4) -
5. Income from Capital Gain -
6. Income from Financial Assets -
(Bank Interest, Dividend, Securities Profit etc)
7. Income from Other Sources -
(Royalty, License Fees, Honorarium, Govt. Incentive etc.)
8. Share of Income from Firm or AoP -
9. Income of Minor or Spouse (if not Taxpayer) -
10. Taxable Income from Abroad -
11. Total Income (Aggregate of Serial 1 to 10) 1376560
Tax Computation Amount in Taka
12. Gross Tax on Taxable Income 140312
13. Tax Rebate (annex Schedule 5) 22050
14. Net Tax after Rebate (12 – 13) 118262
15. Minimum Tax -
16. Tax Payable (Higher of 14 and 15) 118262
17. (a) Net Wealth Surcharge (if applicable)
(b) Environmental Surcharge (if applicable)
18. Delay Interest, Penalty or any other amount
Under Income Tax Act (if any)
19. Total Amount Payable (16 + 17 + 18) 118262
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Particulars of Tax Payment Amount in Taka
20. Tax Deducted or Collected at Source 35100
21. Advance Tax paid (attach proof) -
22. Adjustment of Tax Refund {mention assessment year(s) of -
refund}
23. Tax Paid with this Return 83162
24. Total Tax Paid and Adjusted (20 + 21 + 22 + 23) 118262
25. Excess Payment (24 – 19) -
26. Tax Exempted / Tax Free Income (attach proof) 600520
List of Documents Furnished with this Return
Verification
I Md. Shariful Islam father Khan Nood Mohammad TIN: 175876296585
Solemnly declare that to the best of my knowledge and belief the information given in this return and statements and
documents annexed herewith is correct and complete.
Place: .................................
Date: ................................
Signature
(Name in block letters)
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Schedule 1
Particulars of Income from Employment
a. This part is applicable for employees receiving salary under government pay scale.
Name of the Taxpayer: Md. Shariful Islam TIN 1 7 5 8 7 6 2 9 6 5 8 5
Particulars Total Exempted Taxable
Amount (Taka) Amount (Taka) Amount (Taka)
1. Basic pay 660000 660000
2. Education allowance 12000 12000
3. House Rent allowance 264000 264000
4. Medical allowance 16000 16000
5. Mobile phone allowance 14400 14400
6. Examination Honorarium/remuneration of Answer 124560
Script Evaluation
7. Festival allowance 110000 110000
8. Telephone encashment allowance 28800 28800
9. Non-taxable GPF interest 254320
10. Bangla Noboborsho allowances 11000 11000
11. Total 1116200 600520 894560
Schedule-2
(Particulars of Income from Rent)
Name of the Taxpayer: Md. Shariful Islam TIN 1 7 5 8 7 6 2 9 6 5 8 5
Location, description Amount Amount
and ownership Total Rental Income Computation (Taka) (Taka)
proportion of property
1. Rent Received or Annual Value (whichever is higher) 450000
2. Advance Rent Received 100000
3. Value of any Benefit in addition to 1 & 2
4. Adjusted Advance Rent 25000
5. Vacancy Allowance 15000
6. Total Rental Value (1 + 2 + 3 – 4 – 5) 510000
7. Allowable Deduction:
(a) Repair, Collection etc. 112500
(b) Municipal or Local Tax 8000
(c) Land Revenue 10000
(d) Interest Paid on Loan / Mortgage / Capital Charge -
(e) Insurance Premium Paid 15000
(f) Others, if any
8. Total Admissible Deduction 145500
9. Net Income (6 – 8) 364500
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Schedule-3
(Particulars of Income from Agriculture)
Name of the Taxpayer: Md. Shariful Islam TIN 1 7 5 8 7 6 2 9 6 5 8 5
Nature of Agriculture:
Summary of Income Amount in Taka
1. Sales / Turnover / Receipt 712500
2. Gross Profit 285000
3. General Expenses, Selling Expenses, Land 167500
Revenue, Rates, Loan Interest, Insurance
Premium and Other Expenses
4. Net Profit ( 2 – 3) 117500
Schedule-5
(Particulars of Investment Tax Credit)
Name of the Taxpayer:Md. Shariful Islam TIN 1 7 5 8 7 6 2 9 6 5 8 5
Particulars of Rebatable Investment
Summary of Income Amount in Taka
1. Contribution to Provident Fund to which Provident Fund Act, 1925 140400
applies
2. Contribution to Benevolent Fund / Group Insurance Premium 6600
3. Others, if any (provide detail) -
4. Total Investment 147000
5. Amount of Tax Rebate 22050
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IT- 10 BB (2023)
Statement of Expenses Relating to Lifestyle
(For Individual Person)
Name of the Taxpayer: Md. Shariful Islam TIN 1 7 5 8 7 6 2 9 6 5 8 5
Serial Particulars of Expenditure Amount of Taka Comments
No.
1. Personal and family fooding, clothing and other essentials 160000
2. Housing Expense 150000
3. Personal Transport Expense 30000
4. Utility Expense (Electricity, Gas, Water, Telephone, Mobile, 60000
Internet etc. Bills)
5. Education Expense 125000
6. Personal Expense for Local and Foreign Travel, Vacation etc. -
s7. Festival and Other Special Expense 70000
8. Ta Deducted / Collected at Source (with TS on Profit of 35100
Sanchaypatra) and Tax & Surcharge Paid based on Tax Return
of Last Year)
9. Interest Paid on Personal Loan Received from Institution &
Other Source
Total: 630100
Verification
I solemnly declare that to the best of my knowledge and belief the information given in this IT-10BB (2023) is
correct and complete.
Name & signature of the Taxpayer
Date: ….................
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IT-10B (2023)
Statement of Assets, Liabilities and Expenses (as on …......................................)
To Whom It May Concern
• All Public Servants.
• If the amount of Total Asset at home and abroad exceeds Taka 40,00,000
• The amount of Total Asset does not exceed Tk. 40,00,000 but owns a Motor Car in any time or Invested in any
House Popery or Apartment within the City Corporation area or Owns Assets outside Bangladesh or being a
Shareholder Director of a Company.
• Every Non-Bangladeshi and Non-Resident Bangladesh Natural Person shall submit the statement only in respect
of Assets Located in Bangladesh.
Name of the Taxpayer: Md. Shariful Islam TIN 1 7 5 8 7 6 2 9 6 5 8 5
1. Sources of Fund: Amount Amount (Tk)
(Tk.)
(a) Total Income Shown in Return (Sl. No. 11 of Statement of Total Income) 1376560
(b) Tax Exempted Income (Pls see Instruction Page) 600520
(c) Receipt of Gift and Others 40000
Total Source of Fund: 2017080
2. Net Wealth as on Last Date of Previous Income Year 8000000
3. Sum of Source of Fund and Previous Year’s Net Wealth (1+2) 10017080
4.
(a) Expense relating to Lifestyle (as per IT-10BB) 630100
(b) Gift / Expenses / Loss Not Mentioned in IT-10BB 20000
Total Expense and Loss: 650100
5. Net Wealth at the Last Date of this Financial Year (3 – 4) 9366980
6. Personal Liabilities Outside Business
(a) Institutional Liabilities 1356564
(b) +Non-Institutional Liabilities
(c) Other Liabilities
Total Liabilities Outside Business: 1356564
7. Gross Wealth (5 + 6) 10723544
8. Particulars of Assets (if needed attach separate sheet)
(a) Total Asset of Business
Less: Business Liabilities (Institutional & Non-Institutional)
(b) Director’s Shareholdings in the Companies
(c) Business Capital of Partnership Firm
(d) Non-Agricultural Property / land / House Property 3625000
(Acquisition / Cost Value with Legal Expense / Acquired Price / Building
Cost / Investment)
Location and Description of Non-Agricultural Property
(use separate sheet if needed)
(e) Agricultural Property
(Acquisition / Cost Value with Legal Expense)
Location and Description of Non-Agricultural Property
(use separate sheet if needed)
(f) Financial Assets:
(i) Share / Debenture / Bond / Securities / Unit Certificate etc.
(ii) Sanchaypatra / Deposit Pension Scheme 500000
(iii) Loan Given (Mention Name & NID of Loan Receiver)
(iv) Savings Deposit / Term Deposit 167965
(v) Provident Fund or Other Fund (if any)
(vi) Other Investment 3200283
Total Financial Assets: 3868348
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(g) Motor Vehicle(s) 250000
(Cost Value including Registration Expense)
(Mention Type and Registration Number of Motor Vehicle)
(h) Ornaments (Mention Quantity) 360000
(i) Furniture and Electronic Items 100000
(j) Other Assets (Except Assets Mentioned in Sl. k)
(k) Cash in Hand and Fund Outside Business
(i) Bank Balance 2459900
(ii) Cash in Hand 60296
(iii) Others
Total Cash in Hand and Fund Outside Business: 2520196
9. Asset Outside Bangladesh
10. Total Assets in Bangladesh and Outside Bangladesh (8 + 9) 10723544
Verification
I solemnly declare that to the best of my knowledge and belief the information given in this IT-10B (2023) is correct
and complete.
Name & Signature of the Taxpayer
Date: ....................
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Instructions to fill up the Return Form
Instructions:
(1) This Return of Income shall be Signed and Verified by the Taxpayer or his Authorized Representative as
prescribed in the Income Tax Act, 2023.
(2) Enclose where applicable:
(a) Salary statement for salary; Bank statement for interest; Certificate for interest on savings instruments;
Rent agreement, receipts of municipal tax & land revenue, statement of house property loan interest,
insurance premium for house property income; Statement of Professional income as per IT Rule-8;
Copy of assessment/ income statement & balance sheet for partnership income; Documents of capital
gain; Dividend warrant for dividend income; Statement of other income; Documents in support of
investments in savings certificates, LIP, DPS, Zakat, stock/share etc.
(b) Depreciation Chart claiming depreciation as per the Income Tax Act, 2023;
(c) Computation of Income according to the Income Tax Act, 2023.
(3) Enclose Separate Statement for:
(a) any income of the spouse of the Taxpayer (if she/he is not an Taxpayer), minor children and
dependent;
(b) Tax exempted / Tax free Income.
(c) Income Exempted from Tax declared under Part 1 of the Sixth Schedule of the Income Tax Act, 2023.
(4) Documents furnished to support the declaration should be signed by the Taxpayer or his/her authorized
representative.
(5) Furnish the following information:
(a) Name, address & TIN of the partners if the Taxpayer is a firm;
(b) Name of firm, address & TIN if the Taxpayer is a partner;
(c) Name of the company, address & TIN if the Taxpayer is a director.
(6) Assets and liabilities of self, spouse (if she/he is not a Taxpayer), minor children and dependant(s) to be
shown in the IT-10B (2023).
(7) Signature is mandatory for all Taxpayer or his / her authorized representative.
(8) For Individual Person, signature is also mandatory in IT-10B (2023) & IT-10BB (2023).
(9) If needed, please use separate sheet.
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