Jul 12, 2024
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What is the purpose of returns?
A] Mode for transfer of information to tax administration;
B] Compliance verification program of tax administration;
C] Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;
D] Providing necessary inputs for taking policy decision;
E] Management of audit and anti-evasion programs of tax administration.
Tags
managementinput-tax-creditadministrationliabilitytax-liabilitiesinformationreturns-processmatchingpurpose-of-returnscompliance-verification