Tax Book 2023

Returns and Assessments Chapter- 17

Section Rule

Topic covered

(For CAF- 6 AND ICMAP students)

114 34 Who should file the return of income

Requirements to file a return

Procedure to file the return

Special cases where less than twelve months return is required

Filing of return on demand

Conditions to revise return

114A Business Bank Account

115 Persons not required to furnish a return of income

Revision of statement in case of final taxation

116 36 Commissioner Inland Revenue power to require statement of final tax

Commissioner Inland Revenue power to require wealth statement

Wealth statement

Wealth statement for cases fall in final tax regime

116A Foreign income and assets statement

117 Income tax requirements for discontinued business

118 73 Method to furnish the return

73 Persons required to file return / statements electronically

Due date for filing of return

119 Extension of time for furnishing returns and other documents

120 Status of complete return under the ordinance

Status of return not complete under the ordinance

120B Restriction of proceedings

121 Best judgment assessment

122 Amendment of assessments

122A Revision by commissioner inland revenue

122B Revision by Chief Commissioner

122D Agreed assessment in certain cases

123 Provisional assessment in certain cases

124 Assessment giving effect to an order

124A Powers of tax authorities to modify orders

125 Assessment in relation to disputed property

126 Evidence of assessment

145

221, 222 &

223

Assessment of persons about to leave Pakistan

177 Audit by Commissioner Inland Revenue

181C Displaying of National Tax Number

181D Business license scheme

17 Returns and Assessments

Chapter