Income Tax Services


Income Tax Services: As per income tax ordinance & rules with NBR

With a team of local tax specialists, we at PORTFOLIO Bangladesh aim to provide our customers with the necessary knowledge and insight into Bangladesh’s market. Along with the respective advisory services, our tax specialists also take care of all your taxation needs through our integrated Tax Services in Bangladesh.

This includes services like- increasing net asset value, undertake transfer pricing, minimize tax liabilities, implement tax computer systems, and provide advice regarding the financial implications of various business decisions. Further, PORTFOLIO also provides compliance services- assisting our clients in the preparation of corporate and individual tax returns, tax audit defense, and tax risk management.

Planning and Consulting- To reduce the tax exposure of companies and give advice about the same, PORTFOLIO is very important to understand the tax laws of the country, especially double tax agreements.

PORTFOLIO’s team of highly qualified tax experts is well versed in these laws and uses this knowledge to provide the best advice to our clients about tax compliance.

PORTFOLIO offers a range of taxation services in the following areas:


  • TIN certificate as per section – 184A;
  • The individual tax calculation & return submission as per section –75;
  • Company & firm’s tax calculation & return submission as per section –75;
  • Income tax certificates;
  • Tax exemption certificate as per six schedules part-A;
  • Application for provident fund/gratuity fund/worker participation fund as per first schedule par-A, B, C;
  • Application for a tax exemption certificate as per section –52AA;
  • Application for tax holiday certificate as per section –44;
  • Special tax treatment as per section –19 C, D;
  • Voluntary disclosure of income as per section –19E;



  • Face with tax audit as per section –82BB
  • Correction of error as per section –82BB;
  • Filling of revised return as per section –78;
  • Assessment completion as per chapter –VIII;
  • Prepare a return of international transaction as per section –107B;
  • Double taxation relief as per section – 144, 145;
  • Appeal against the order of tax recovery officer as per section –157;
  • Appeal to the appellate tribunal as per section-158;
  • Tax planning and consulting;
  • Refund on the basis of order in appeal as per section-149;
  • Adjustment of refund against tax as per section-152;
  • All the benefit as per the SIXTH SCHEDULE part- A, B;
  • Others (as per income tax act-1984)


Transfer Pricing- All intercompany pricing arrangements, with regards to transactions between related business entities, fall under Transfer Pricing. These can include the transfer of Intellectual Property, Tangible Goods, Services, Loans, and other financial transactions.

Due to the rapid rise of multinational trade, the interest in Transfer Pricing Agreements has seen a sudden rise. Needless to say, without professional services taking care of these agreements for a business, these can be viewed as tricky waters for any and all businesses. PORTFOLIO also provides compliance services- assisting our clients in the preparation of a return of international transaction as per section –107B.

Income Tax Planning in Business

How tax is planned?
Income tax planning techniques used by a business:
  • Partnership firm and companies need to pay tax separately, where profit for the sole proprietorship business is included in the income of its owner. Some business organization can avail tax holiday scheme, and some sector enjoys special tax rates. So before starting the business, the entrepreneurs should consider the tax policy for a particular business.
  • An organization can create a recognized provident fund, group insurance scheme, benevolent fund, superannuation fund, etc. This is a mechanism to avail tax advantage.
  • An organization can invest in those areas where it can avail some tax advantage.
  • The use of debt capital in the capital structure of an organization may be advantageous for a company as interest expense is tax-deductible.
  • Money can be invested in those organizations where tax holiday facilities can be availed.
Income tax planning techniques used by an individual assesse
Under the umbrella of the provisions of the ITO, 1984, an individual assessee can minimize his payment of tax considering the following strategies in course of his tax planning;
  • An individual may invest his money in several types of tax-free government securities, as the interest income from such securities is fully exempted from tax.
  • An individual assessee may invest his money in approved zero-coupon bonds issued by various institutions, as the interest income from such bonds is fully exempted from tax.
  • An individual may invest his money in various shares. Up to Tk. 50,000 of dividend income is exempted for mutual fund shares and also Tk.50,000 for other shares. Any amount of capital gain arising for transferring of public limited company’s share will be also tax-free.
  • An individual may start such a business where the income is fully non-assessable. Such as income from poultry, handicrafts business.
  • An individual assessee may use the loan to acquire capital assets for the business. In such care, he may charge depreciation allowance and also interest on such loan.
  • In a joint family, even in the case of husband and wife, if they submit separate tax return they can avail maximum advantage.
  • An individual assessee should predict his / her total income for the next income year to determine the maximum limit of his investment allowance.
For planning, you should comply with
  1. Ensure that it keeps proper records;
  2. Deduct tax at the source where it is necessary; Pay advance tax in time, if applicable;
  3. File returns in time;
  4. Take investment rebate;
  5. Comply with notices received from the tax authorities; and
  6. Be aware of legal remedies where it does not have its rights under the law recognized.
Types of income tax planning activities are:
Attempts to have income converted from one type to another (ordinary income vs. capital gain, regular income vs. windfall income, domestic income vs. foreign income, set-off of loss under any head); Attempts to have income shifted from one pocket to another (taxable vs. tax-exempt sources); and Attempts to have income shifted from one time period to another (delaying the recognition of income, if tax rates are constant or declining over time, instant salary vs. deferred compensation)