Self-assessment tax verification: use Part II of returns to detect non-payment and short payment of tax promptly. Instruction directs Income Tax officers to use Part II of the return, which shows total tax payable and pre-assessment taxes including self-assessment ... Summary
Self-assessment tax verification: use Part II of returns to detect non-payment and short payment of tax promptly.
Instruction directs Income Tax officers to use Part II of the return, which shows total tax payable and pre-assessment taxes including self-assessment tax, to detect non-payment or short payment of self-assessment tax in company returns meeting the prescribed threshold and in non-company returns earmarked for scrutiny; recipients must acknowledge receipt.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
