Corporate Notice of Under-Assessment (U/S 121)
Original price was: Rs. 25,000.Rs. 20,000Current price is: Rs. 20,000.
Required Documents:
- Financial Statements: Profit & Loss Statement, Balance Sheet.
- Tax Returns: Copies of previous tax returns.
- Bank Statements: Recent bank statements relevant to the assessment period.
- Invoices and Receipts: Documentation of business income and expenses.
- Audit Reports: If applicable, any audit reports related to the assessment.
- Supporting Documents: Any other documents relevant to your financial transactions or claims.
Instructions: Email your scanned documents and information to sales@taxasaan.pk or WhatsApp them to 03008362021.
Product Description
Service Overview:
A Corporate Notice of Under-Assessment under Section 121 is issued by the tax authorities when they believe that a corporation’s tax return does not accurately reflect its true tax liability. This notice is a crucial step in the tax assessment process and requires prompt and accurate response to avoid penalties and further complications. Our service provides expert assistance in handling and resolving such notices, ensuring compliance with tax regulations and minimizing the impact on your business.
A Corporate Notice of Under-Assessment under Section 121 can be issued to companies. This section is related to income tax under the Income Tax Ordinance, 2001. Section 121 allows tax authorities to issue a notice if they believe that the income declared by a company has been under-assessed or if the tax liability has been understated. The notice pertains specifically to income tax matters for corporate entities.
How It Works:
- Document Collection: Gather and submit the required documents through our secure platform.
- Assessment Review: Our experts review the Notice of Under-Assessment and the related documentation.
- Response Preparation: We prepare a comprehensive response to the tax authorities, addressing all discrepancies and supporting your case.
- Submission: The response is submitted to the relevant tax authorities on your behalf.
- Follow-Up: We handle any follow-up correspondence and communicate with tax authorities to resolve the assessment issue.
- Resolution: Receive updates on the status of your case and ensure the issue is resolved efficiently.
Timeline:
- Document Collection: 1-2 Business Days
- Review & Response Preparation: 3-5 Business Days
- Submission & Follow-Up: 7-10 Business Days (depending on the complexity of the case)
Benefits:
- Expert Handling: Leverage our expertise to effectively manage and respond to Notices of Under-Assessment.
- Compliance Assurance: Ensure that your response meets all regulatory requirements and avoids additional penalties.
- Peace of Mind: Reduce the stress and administrative burden associated with handling tax notices.
