Corporate Notice of Additional Tax (U/S 114(6))

Product Description

Service Description:

Navigating the complexities of tax notices can be daunting, especially when faced with a Corporate Notice of Additional Tax under Section 114(6) of the tax code. This notice indicates that the tax authorities have assessed additional tax liabilities on your corporation, which can be due to discrepancies, miscalculations, or other issues.

A Corporate Notice of Additional Tax under Section 114(6) can be issued to companies. This section is related to income tax under the Income Tax Ordinance, 2001. Section 114(6) specifically deals with additional tax imposed on companies that fail to file their income tax returns or fail to comply with other tax obligations. This notice applies to corporate taxpayers and is concerned with income tax, not sales tax or withholding tax.

Our service for handling the Corporate Notice of Additional Tax (U/S 114(6)) is designed to simplify the process and ensure compliance. Here’s how we assist you:

1. Document Review: We meticulously review the notice and all related documents to understand the nature and extent of the additional tax assessment.
2. Analysis: Our tax experts analyze the basis of the additional tax demand and assess its validity.
3. Response Preparation: We prepare a comprehensive response to the notice, addressing all issues raised and providing necessary explanations or documentation.
4. Submission: We handle the submission of your response to the tax authorities, ensuring that all deadlines are met and procedures followed correctly.
5. Follow-Up: We monitor the progress and liaise with the tax authorities on your behalf to resolve any issues that arise.

How It Works:

1. Consultation: Contact us to schedule a consultation where we will review your notice and documents.
2. Document Submission: Provide us with the required documents via email or WhatsApp for secure handling.
3. Response Drafting: Our team drafts a detailed response to the tax notice.
4. Submission and Follow-Up: We submit the response and follow up with the tax authorities to ensure resolution.

Timeline: The process typically takes 2-4 weeks, depending on the complexity of the case and the response time from the tax authorities.

Benefits:

• Expert Handling: Our experienced tax consultants ensure that your response is accurate and comprehensive.
• Compliance Assurance: We ensure that all submissions comply with legal requirements and deadlines.
• Stress Reduction: Let us handle the complexities of tax notices so you can focus on running your business.

For assistance with a Corporate Notice of Additional Tax (U/S 114(6)), contact us today and ensure that your tax issues are managed efficiently and effectively.