What type of investment or donation is eligible for tax rebate ?

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Answer :

If a taxpayer invests or donates in the following cases, he will get 15% direct income tax rebate on the investment and donated amount. Investment Sector: Below is a list of investment and donation sectors of a taxpayer: Life Insurance Premium. Contributions to the Provident Fund of Government Officials. Employers 'and officers' contributions to recognized provident funds. Contributions to the Welfare Fund and Group Insurance Fund Contributions to the Super Innovation Fund. Maximum investment of Rs. 60,000 / - per annum in Deposit Payment Scheme of any Scheduled Bank or Financial Institution . Investment in the purchase of savings certificates Investments in shares , stocks , mutual funds or debentures of companies listed on the stock exchanges of Bangladesh. Investment in Treasury Bonds approved by the Government of Bangladesh ; Invest in purchasing a computer or laptop within certain limits. Donation: Donation to the Zakat Fund. Donations to any charitable hospital approved by the National Board of Revenue. Donations to organizations established for the welfare of the disabled. Donations made to the Liberation War Museum. Donate to Aga Khan Development Network. Donate to Ahsania Cancer Hospital. Donations to ICDDRB CRP, donations to Savar. Donations to public welfare or educational institutions approved by the government. Donate to Asiatic Society , Bangladesh. Donation to Dhaka Ahsania Mission Cancer Hospital. Grants to any national level organization engaged in the protection of the memory of the Liberation War. Grants to national level organizations engaged in the protection of the memory of the Father of the Nation. ** The amount of such investment and donation for tax relief is 30% of the total income (recognized --- in the fund --- chada , excluding the final tax as determined under section 62C and the deductible tax rate if applicable) or 1 , 50 , 000 , 000 /. = Money or actual investment, whichever is less
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Related questions

Which type of investment is eligible for tax rebate ?

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Which person is eligible to pay income tax ?

Last Answer : : Under Roth Act 2015, every person will be considered eligible to pay income tax if the income limit of taxpayer (including non-resident Bangladeshi) , Hindu joint family , partnership firm , individual association and ... is above Rs. 4 , 25,000 / =, he will be eligible to pay income tax .

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Is Donation and Will the Same ?

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Can a donation be registered after the death of the donor ?

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Last Answer : B. Investment Allowance.

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What is the provision of income tax in case of admission of students in English medium school ?

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What is the penalty for not submitting income tax return ?

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How to file an income tax return ?

Last Answer : : Any income tax office or www.nbr.gov.bd should collect the return form from this web site and fill it by the taxpayer. If you are a new taxpayer, you need to attach one copy of ... of Taxes or any officer authorized by him after submission of return is considered as a tax assessment order.

What are the requirements for filing income tax return ?

Last Answer : Income tax return is the means of presenting a brief statement of the taxpayer's annual income to the income tax authority . Taxpayer's annual income-expenditure and assets and liability ... the stipulated time , the concerned taxpayer will be penalized by the Deputy Commissioner of Taxes.

What kind of action will be taken if someone does not submit income tax return on time ?

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At what time do I have to file my income tax return ?

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Where to file income tax return ?

Last Answer : : Income tax circle is specified for filing returns of each category of taxpayer. For example , all the civil government functionaries / employees and pensionable officers / employees who are located ... filing income tax returns from the nearest Income Tax Office or Tax Advice Center if required.

What is the tax provision in Bandroll ?

Last Answer : Provisions relating to sale of Bandrol of Bidi: According to the existing provisions of Section 52B of the Income Tax Ordinance, during the sale of Bandroll of handmade cigarettes , also known as Bidi , the ... bidi band roll will be treated as final tax on the income of the said business as before.

What is a tax year ?

Last Answer : Generally, the year following the income year is called tax year. For example , the income year earned from 1st July 2014 to 30th June 2015 will be 2014-2015 and the tax year will be the next year i.e. 2015-2016.

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What is the tax rate applicable on expatriate income ?

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Do you have to be enrolled in some type of schooling (high school/college) in order to be able to take the ACTs?

Description : Do you have to be enrolled in some type of schooling (high school/college) in order to be able to take the ACTs?

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Does the long distance phone tax rebate apply to mobile phones?

Description : Does the long distance phone tax rebate apply to mobile phones?

Last Answer : it depends on whether or not your cell plan included free long distance...

Do you plan on spending your tax rebate check (thus stimulating the economy as intended) or will you save your money?

Description : Do you plan on spending your tax rebate check (thus stimulating the economy as intended) or will you save your money?

Last Answer : Probably going to end up blowing it on stupid stuff. Though I’d really like to save it if possible.

what will you buy with your tax rebate

Description : what will you buy with your tax rebate

Last Answer : More random bike parts that I don’t really need.

With the "$600" tax rebate from the government in effort to boost the economy,what will u do with yours?

Description : With the "$600" tax rebate from the government in effort to boost the economy,what will u do with yours?

Last Answer : Save it. Part of the reason the economy is tanking is because Americans are overextended in debt—both on an individual level, with maxed-out credit cards and houses leveraged to the max, and on a collective level, with soaring federal deficits to pay for military adventurism.

Do you need to file your income tax to receive the rebate?

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Last Answer : answer:I believe that is one of the requirements, that you have to file taxes. I found the IRS's website on the rebates here Quote Millions of retirees, disabled veterans and low-wage workers who ... exempt from filing a tax return must do so this year in order to receive a stimulus payment.

what does tax rebate mean?

Description : I need advice on what a tax credit means!

Last Answer : A tax rebate is a tax rebate that can be applied in certain cases. For example, dependent children. A certain amount can be deducted from income tax.

Tax Rebate: What is it?

Description : Tax Rebate: What is it?

Last Answer : A tax rebate can mean one of two things: It can either be an amount that you reduce your taxes by prior to paying them or it can be the amount of money that is refunded to you after paid ... view websites about tax laws or speak with an accountant to see whether or not you qualify for a rebate.

Mark the correct option a) Nomination cannot be made in case NSC purchased on behalf of minor. b) No fee will be charged for registration, cancellation or change in the nomination c) Tax rebate u/s 80-C will be available in NSC d) All the above

Description : Mark the correct option a) Nomination cannot be made in case NSC purchased on behalf of minor. b) No fee will be charged for registration, cancellation or change in the nomination c) Tax rebate u/s 80-C will be available in NSC d) All the above

Last Answer : d) All the above

Rebate of Income tax is defined as per section …………….. A) 81A B) 87A C) 81C D) 87C

Description : Rebate of Income tax is defined as per section …………….. A) 81A B) 87A C) 81C D) 87C

Last Answer : B) 87A