Receiving a tax audit notice can be stressful—especially when you are unsure what documents to submit, how your income will be examined, or whether the audit may result in additional tax or other liabilities.
An Individual Tax Audit is an examination of an individual's income tax return, financial information, supporting documents, and related transactions by the tax authority to determine whether the information provided is accurate and compliant with applicable tax laws.
In Bangladesh, tax audit matters are governed by the Income Tax Act, 2023 and related rules, instructions, and NBR procedures. The National Board of Revenue (NBR) currently publishes audit-related notices and audit selection information for individual taxpayers.
Our Individual Tax Audit Services
At Sadik & Counsel, we assist individual taxpayers in Bangladesh with professional and practical support throughout the tax audit process.
Our services include:
- Review of Tax Audit Notices – We examine the notice and identify what information, documents, and explanations may be required.
- Tax Return & Document Review – We review your submitted return and supporting records to identify inconsistencies or potential areas of concern.
- Income & Asset Verification – We help reconcile declared income, assets, liabilities, bank transactions, investments, and other relevant financial information.
- Preparation of Audit Documents – We assist in organizing the necessary documents and preparing appropriate explanations for submission.
- Communication with Tax Authorities – Where appropriate, we assist with correspondence and representation before the relevant tax authority.
- Response to Audit Queries – We help prepare clear, legally appropriate responses to questions or observations raised during the audit.
- Additional Tax Liability Assessment – If the audit results in proposed additional tax, we review the matter and advise you on the available legal options.
- Tax Dispute & Appeal Support – Where an audit develops into a tax controversy, we can advise and represent you in the appropriate proceedings.
Why Professional Assistance Matters
A tax audit is not simply about submitting documents. The information provided to the tax authority should be accurate, consistent, properly supported, and legally appropriate.
Issues involving unexplained transactions, differences between income and assets, bank statements, investments, loans, gifts, property transactions, withholding tax, or inconsistencies in previous returns may require careful explanation.
Bangladesh's tax law also gives tax authorities powers relating to investigation and inquiry into sources of income and relevant records.
Our approach is therefore focused on understanding your individual circumstances first, reviewing the relevant records, and helping you respond in a structured and legally sound manner.
Facing an Individual Tax Audit?
Do not ignore a tax audit notice or submit an explanation without properly understanding the issue.
If your income tax return has been selected for audit, you have received a notice from the tax authority, or you are concerned about a possible discrepancy in your tax records, Sadik & Counsel can help you understand the situation and take the appropriate next step.
Contact Sadik & Counsel for Individual Tax Audit assistance in Bangladesh.