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108A Form Submission

A private limited company has to submit its yearly Statement regarding the filling of Return of Employees Under Section 108A & Rule 23A of the Income Tax Ordinance 1984.

Section 108A: Information regarding filing of return by employees

(1) Every employee shall furnish the following information to the employer by the fifteenth day of April each year-

(i) Taxpayer’s Identification Number;

(ii) Date of filing of the return of income; and

(iii) The serial number provided by the income tax authority upon filing of the return of income.

(2) Any person responsible for making any payment which is an income of the payee classifiable under the head “Salaries”, shall, by the thirtieth day of April of each year, furnish to such income tax authority and in such manner as may be prescribed, a statement containing the following information regarding the payee: –

(i) The name, designation and the Taxpayer’s Identification Number;

(ii) Date of filing of the return of income;

(iii) The serial number provided by the income tax authority upon filing of the return;

(3) Nothing in this section shall apply to a payment made by the Government.”

 

Reference: http://bdlaws.minlaw.gov.bd/act-672/section-47455.html

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