From the current fiscal year, there is no obligation to submit income tax returns to avail several government and private services. You will not have to show proof of return filing to avail 13 types of services. Until now, these services had to be availed by showing proof of income tax return filing for the last year. The new decision has brought some relief to ordinary taxpayers.
Now let's see which services are exempted from showing proof of return filing starting this year.
1. You buy savings bonds for various needs. The profit from savings bonds is very useful for meeting additional household expenses. You do not need a return deposit certificate to buy savings bonds up to 10 lakh taka.
2. This facility is provided for opening and maintaining term deposits up to 10 lakh taka. This means that even if someone makes an FDR up to 10 lakh taka, they do not have to show the bank officer the proof of deposit of the return.
3. Until now, you used to need proof of return filing when applying for or renewing any type of credit card. From the current fiscal year, this obligation is not applicable when applying for or renewing a credit card.
4. Obtaining new trade licenses in city corporation or municipality areas.
5. Proof of return filing is not required when registering a cooperative society.
6. Time to obtain a new license for a general insurance registered surveyor.
7. Membership of a recognized professional body as a physician, dentist, lawyer, chartered accountant, cost and management accountant, chartered secretary, lawyer and tax lawyer, actuary, engineer, architect and surveyor.
8. Open a post office savings account of more than five lakh taka.
9. Any payment received by an employee of grade 10 or above from the government through MPO enrollment.
10. In the case of individual taxpayers, in the case of receiving commissions, fees or any other payments through mobile financial services or mobile banking or electronic money transfers and through recharging mobile phone accounts.
11. License registration and enrollment as a vendor or document writer of stamps, court and cartridge paper.
12. During registration, change of ownership or fitness renewal of three-wheeled motor vehicles.
13. Obtaining a license from the licensing authority for e-commerce business using digital platforms.