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The Bangladesh RMG sectors minimum tax rate is fixed 0.60% U/S: 53BB of ITO-1984, tax at source on export when the export is realized by commercial Bank.
The format, Calculation and Section of final settlement of tax to NBR after closing the audit by external Auditor to submit the return in specific announced date by the government.
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XYZ Company |
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Details of Income Tax Calculation |
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For the Year Ended 30’June-2017 |
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Assessment Year: 2017-2018 |
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| Particulars | Tax Rate | Amount In Taka | Amount In Taka |
| Tax Deducted at Source U/S: 53BB of ITO-1984 | 7,475,000 | ||
| Net Profit from Operation as per Audit Report | 27,000,000 | ||
| Income Tex Liabilities @ | 12% | 3,240,000 | |
| Tax Deducted at Source U/S: 53BB of ITO-1984 | (7,475,000) | ||
| Income Tax Liabilities on Business Income | (4,235,000) | ||
| Income from other Source | 19,500,000 | ||
| Income Tax @ | 35% | 2,345,000 | |
| Cash Incentive | 3% | 14,000,000 | 420,000 |
| Bank Interest (STD, FDR, etc.) | 35% | 5,500,000 | 1,925,000 |
| Less: | |||
| AIT on Bank Interest | 10% | 550,000 | |
| AIT on Bank Cash incentive | 3% | 420,000 | (970,000) |
| Income Tax Liabilities on Others Income | 3,315,000 | ||
| Total Income Tax Liabilities | 3,315,000 | ||
| Authorized Representative | |||
| ITP | |||
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