TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax officer may make provisional assessment and provisional refund where regular assessment unlikely within six months; limited adjustments allowed</h1> Where a taxpayer files a return claiming excess tax paid or deemed paid, the tax officer may, if a regular assessment is unlikely within six months, make a provisional assessment of any refundable sum based on the return and accompanying documents, making limited adjustments (arithmetical corrections; prima facie allowance or disallowance of claims; and giving effect to specified allowances, deductions and carried-forward losses as reflected in prior assessments). Firms may be provisionally assessed as unregistered except in specified registration situations. Provisional refunds are reconciled on regular assessment and may be recovered if excess; provisional assessments do not affect merits of issues but are not appealable.
TaxTMI 
TaxTMI 
