Tax Deducted at Source (TDS)/Collected at Source (TCS) in Bangladesh for the FY 2020-21 in comparison with the FY 2019-20 and regular requirements/compliance under Income Tax Ordinance and Rules 1984 in Bangladesh.

1. Compiled by: Masum Gazi
Tax Deducted at Source (TDS)/Collected at Source (TCS) and
regular requirements under Income Tax Ordinance and
Rules 1984
In light of Finance Act, 2020
(As amended on 07 July 2020)
Compiled by:
Masum Gazi
https://www.linkedin.com/in/masumgazi613/
In association with:
Joy Saha
https://www.linkedin.com/in/joy-saha-78308b145/
&
Mahmudul Hasan
https://www.linkedin.com/in/mahmudulhasan2107/
Table of Contents
Sl. No. Particulars Page No.
A. Tax Deducted at Source (TDS)/Collected at Source (TCS) 1
1. Deduction/collection of Tax from different sources of Income 1
2. Why tax is required to be deducted/collected at source by withholding entities? 2
3. How deducted/collected tax shall be deposited? 3
4. Which deposit code shall be used to deposit the deducted/collected amount to
Government Treasury?
3
5. When deducted/collected tax shall be deposited to Government Treasury? 3
B. Other regular requirements 4
1. Monthly statement of Tax deduction/collection at source under rule 18 and 21 4
2. Requirements for payment of Advance Income Tax 4
3. Return of Withholding Tax under section 75A 4
4. Statement of income by non-residents person carries on the business of
operation of aircraft, as the owner or charterer thereof
4
5. Filing of Annual payment of Salary information 5
6. Filing of information of employee’s income tax return submission 5
7. Statement of dividend 5
8. Filing of statement of International Transaction 5
9. Report from an accountant to be furnished for Transfer pricing 5
10. Filing of Annual Income Tax Return 6
11. Schedule-1: TDS rate for the FY: 2020-21 in comparison with the FY 2019-20 7-11
12. Annexures A to F 12-19