Assessment time-limits revised: new deadlines for returns under administrative orders and revived block assessments procedures Amendments revise time-limits: assessments on returns filed following administrative directions may be completed within twelve months from the end of the ... Summary
Assessment time-limits revised: new deadlines for returns under administrative orders and revived block assessments procedures
Amendments revise time-limits: assessments on returns filed following administrative directions may be completed within twelve months from the end of the financial year of filing; fresh assessments after appellate or supervisory orders will include cases set aside by the Commissioner (Appeals); timelines are specified for revived proceedings following annulment of block assessments; and search-period exclusions are adjusted so the limitation date falls at the end of the month after exclusion. A consequential provision applies return-obligations to returns furnished under administrative orders. Effective from 1 October 2024.
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