Special Notice of Compliance Check (U/S 175)
Original price was: Rs. 25,000.Rs. 20,000Current price is: Rs. 20,000.
Required Documents:
- Notice of Compliance Check (U/S 175): The official notice received from the tax authorities.
- Previous Tax Returns: Copies of the tax returns for the relevant assessment years.
- Financial Statements: Financial statements for the periods under review.
- Bank Statements: Bank statements for the periods under investigation.
- Invoices and Receipts: Any invoices, receipts, and other documents supporting your financial transactions.
- Audit Reports: Any audit reports related to the periods under scrutiny.
- Correspondence with Tax Authorities: Any prior correspondence with tax authorities related to compliance matters.
Instructions: Email your scanned documents and information to sales@taxasaan.pk or WhatsApp them to 03008362021.
Product Description
Meaning of the Service: A Special Notice of Compliance Check (U/S 175) is issued by tax authorities to verify the accuracy of a taxpayer’s submitted information and ensure compliance with tax laws. This service helps taxpayers prepare for and respond to such compliance checks, ensuring that all necessary documentation is provided and any issues are addressed promptly.
A Special Notice of Compliance Check under Section 175 can be issued to individuals, firms, or companies. This section is related to income tax under the Income Tax Ordinance, 2001. Section 175 gives tax authorities the power to conduct a compliance check to ensure that a taxpayer is adhering to the tax laws and obligations. This can include reviewing records, conducting inspections, or verifying information provided by the taxpayer. Therefore, it applies to all types of taxpayers, whether they are individuals, firms, or companies, and is specifically related to income tax compliance.
Practical Use Case: This service is essential for taxpayers who receive a Special Notice of Compliance Check. It ensures that all financial records are accurate and complete, helping to avoid potential penalties or further investigations by the tax authorities.
How It Works:
- Initial Consultation: Our tax experts will review the Notice of Compliance Check and all provided documents to understand the specifics of your case.
- Document Analysis: We will analyze your tax returns, financial statements, and supporting documents to ensure they are complete and accurate.
- Preparation of Documentation: Our team will prepare and organize all necessary documents required for the compliance check.
- Submission of Response: We will submit a detailed response to the tax authorities, including all relevant documentation and explanations.
- Representation: Our professionals will represent you in any discussions or meetings with the tax authorities, advocating on your behalf.
- Follow-Up: We will follow up with the tax authorities to ensure your compliance check is processed and resolved in a timely manner.
Timeline to Complete the Process: The process typically takes 6-10 weeks, depending on the complexity of the case and the responsiveness of the tax authorities.
Benefits for Customers:
- Expert Guidance: Benefit from the expertise of our tax consultants who will guide you through the compliance check process.
- Accurate Documentation: Ensure that all your documents are accurate and complete, reducing the risk of penalties.
- Time and Stress Saving: Save time and reduce stress by allowing our professionals to handle the compliance check process.
- Compliance Assurance: Ensure that you are in full compliance with tax regulations during the compliance check.
- Maximized Outcomes: Increase your chances of a favorable outcome by presenting a well-prepared and documented case.
By using our Special Notice of Compliance Check (U/S 175) service, you can effectively respond to compliance checks, ensure your financial records are accurate and complete, and stay compliant with tax regulations, all while minimizing stress and maximizing your chances of a favorable outcome.
