Provisional assessment credit: tax credit must be allowed in provisional assessments before the regular assessment completes. The amendment provides that where, before completion of the regular assessment, a provisional assessment is made under the provisional assessment ... Summary
Provisional assessment credit: tax credit must be allowed in provisional assessments before the regular assessment completes.
The amendment provides that where, before completion of the regular assessment, a provisional assessment is made under the provisional assessment mechanism, the tax credit shall be given also in such provisional assessment, ensuring credit is applied in interim assessments as well as on final assessment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
