Dhaka, June 2 -- The interim government has exempted the orphanages or institutions established for religious purposes from the requirement to file tax returns in the proposed budget for the upcoming 2025-26 financial year.

Finance Advisor Salehuddin Ahmed announced this during his speech for the proposed Tk 7.9 trillion budget on Monday.

He said, "Funds, orphanages, shelters, and institutions established for religious purposes have also been exempted from the requirement to file tax returns."

The advisor said the frequency of withholding tax return submission by deducting authorities has been changed from a monthly to a quarterly basis.

He also said if any amount beyond the deed value is received during the transfer of land or land w...