- 4 Marks
PT – Nov 2020 – L2 – Q1e – Tax Administration
Explains steps to file tax returns for a sole proprietor and reasons for an adjusted assessment by the Commissioner-General.
Question
Paa Tee is a sole proprietor and has not filed his tax returns for 2018 year of assessment as at April 1, 2019. He has approached you to file his tax returns for him and from all indications, he has paid all his taxes based on the self-assessment estimate.
Required:
i) What steps (if any) will you take to enable Paa Tee file his tax return and are there any financial implications in filing? (2 marks)
ii) What factors may give rise to an adjusted assessment by the Commissioner-General?
Find Related Questions by Tags, levels, etc.
- Tags: Adjusted Assessment, Penalties, Self Assessment., Tax Filing, Tax Returns
- Level: Level 2
- Topic: Tax Administration
- Series: NOV 2020