Assessment power for unregistered taxpayers permits officers to determine tax liability within the statutory time limit. The competent officer may make a best-judgment assessment to determine tax liability of a person who failed to obtain registration, issuing an assessment ... Summary
Assessment power for unregistered taxpayers permits officers to determine tax liability within the statutory time limit.
The competent officer may make a best-judgment assessment to determine tax liability of a person who failed to obtain registration, issuing an assessment order for the relevant tax periods; such an order must be issued within a statutory limitation measured from the due date for furnishing the annual return for the financial year to which the non-payment relates.
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