tin certificate

Rules for cancellation of tin certificate

TIN certificate in your father’s name. After your father’s death you can apply for cancellation of TIN certificate if you have it. Rules for cancellation of tin certificate

 

 

 

 

 

You cannot easily cancel the TIN certificate at will. Because there is no rule to cancel TIN directly from NBR. Moreover, there is no clear information about cancellation of TIN certificate in Income Tax Ordinance 1984. However, if valid reasons are shown for canceling the TIN, it will be kept on record but not completely cancelled. No need to file returns if recorded.

 

 

 

 

 

 

Rules for cancellation of tin certificate

75(1b) of the Income Tax Ordinance 1984 states that if a person has taxable income in any income year or for 3 consecutive years including the preceding year, he has to file a tax return. No need to submit.

 

 

 

 

 

 

But you don’t have annual taxable income (Tk. 3 lakh for men and Tk. 3.5 lakh for women) it doesn’t happen if you say it. You have to submit the 3 year returns as proof. In this case, since you have no income, you will file a nil return. From then onwards i.e. 4th year you don’t need to submit income tax return. In that case you can apply for cancellation of TIN Certificate to your Tax Circle Sub-Tax Commissioner after the 4th year.

 

 

 

 

 

 

There are certain conditions you need to fulfill to cancel the tin certificate. Only if these conditions are fulfilled you can apply for cancellation of teen certificate. However, tin certificate cancellation is not usually done. It can be waived in certain cases but subject to certain conditions.

 

 

 

 

 

 

Conditions for cancellation of tin certificate

If the taxpayer dies and there are no activities to continue the tin. In this case the application should be made by his heirs. In this case tin registration will be stopped permanently.

Non-resident foreign nationals who have no permanent base in Bangladesh.
Even if the TIN Certificate is accepted for any particular reason, if the taxpayer’s current and future income is zero or there is no taxable income.

 

 

 

 

 

 

How do you cancel your Teen Certificate?

First you need to file zero income tax returns for 3 consecutive years to cancel tin certificate. After that you have to apply in writing to the Deputy Commissioner of Taxes of Taxes Circle for cancellation of TIN Registration with proper reasons. However, submit the receipt of your earlier filed return, copy of National Identity Card along with the application. The Deputy Commissioner of Taxes will cancel the tin certificate if he deems your application appropriate. There can be 2 reasons for cancellation of TIN certificate, 1) Taxpayer dies, 2) No taxable income. In this case, the rules of how to close the teen certificate are explained below.

 

 

 

 

 

 

Can I apply for cancellation of TIN if taxpayer dies?

If a taxpayer who holds a TIN certificate dies and the said TIN certificate is not used in any future establishment or business activities, the TIN registration can be cancelled. And if TIN Sanad is used for any business or establishment established by the taxpayer, then his heirs/representatives/assignees shall file income tax return and pay income tax (if applicable) every year. # Income Tax Ordinance 1984 Section 75 If there is no requirement for TIN of the deceased, the heirs shall apply to the Commissioner of Excise for cancellation of TIN. Commissioner of Excise can suspend or cancel the operation of your TIN through Inspection or Hearing or on application basis.

 

 

 

 

 

 

If the taxpayer dies, do whatever is necessary to cancel the tin certificate

  • Written application by heirs
  • Copy of tin certificate
  • Receipt/attested copy of previous income tax return
  • Copy of Taxpayer’s Death Certificate
  • Copy of Taxpayer’s National Identity Card
  • If there is no taxable income
  • Filing income tax return every year is a troublesome task for many even if there is no taxable income.
  • so
    Many of us want to stop tin certificate. But actually there is no need to stop it.
  • You must file zero returns for 3 consecutive years to cancel TIN certificate if you have no taxable income. Then you have to make a written application with the Deputy Commissioner of Taxes of the Taxes Circle mentioned in your TIN Certificate.

 

 

 

 

 

 

 

If there is no taxable income, tin certificate will be required for cancellation

  • Written application
  • Copy of tin certificate
  • Receipt/attested copy of previous income tax return
  • Copy of Taxpayer’s National Identity Card
  • You have to submit all these documents under the cess department. There you will be given a form. Based on the information on your paper you will fill and submit the form. The final copy of cancellation of teen certificate will be provided to you within working days. Or you can go and find out whether your application has been accepted or canceled. By following the above rules you can cancel the tin certificate very easily.

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