Notice of Objection – NBC Institute

TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement

This question involves advising on the proper procedure to challenge an outrageous tax assessment served by FIRS.

Question

As a Tax Consultant, the Managing Director of your client brought an Assessment Notice served on the company by the Federal Inland Revenue Service complaining that the assessment was outrageous. You observed that the amount assessed was higher than the assessment based on the documents submitted by you.

Required:
State what you would advise your client to do under this circumstance.

Answer

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Tags: Disputed Tax Assessment, Federal Inland Revenue Service (FIRS), Notice of Objection, Tax Appeal Tribunal
Level: Level 2

Topic: Tax Administration and Enforcement
Series: NOV 2015

TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)

Identify which condition is not required for a notice of objection to be valid under Section 69 of CITA.

Question

In line with the provision of section 69 of Companies Income Tax Act Cap C21 LFN 2004 (as amended), which of the following is NOT a condition for a notice of objection to be valid?
A. It must be in writing and addressed to the Chairman, Federal Inland Revenue Service
B. It must state the grounds of objection, for example, amount of assessable and total profits of the company for the relevant assessment year
C. It must state the tax which the taxpayer claims is payable for the year of assessment
D. It must be raised within thirty days of the date of service of the notice of assessment
E. It must be raised within sixty days of the date of service of the notice of assessment

Answer

Find Related Questions by Tags, levels, etc.

Tags: CITA, Companies Income Tax Act, Notice of Objection, Tax Assessment
Level: Level 1

Topic: Companies Income Tax (CIT)
Series: NOV 2020

TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement

This question involves advising on the proper procedure to challenge an outrageous tax assessment served by FIRS.

Question

Required:
State what you would advise your client to do under this circumstance.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Disputed Tax Assessment, Federal Inland Revenue Service (FIRS), Notice of Objection, Tax Appeal Tribunal
Level: Level 2

Topic: Tax Administration and Enforcement
Series: NOV 2015

TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)

Identify which condition is not required for a notice of objection to be valid under Section 69 of CITA.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: CITA, Companies Income Tax Act, Notice of Objection, Tax Assessment
Level: Level 1

Topic: Companies Income Tax (CIT)
Series: NOV 2020

Question Tag: Notice of Objection

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TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement

This question involves advising on the proper procedure to challenge an outrageous tax assessment served by FIRS.

TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)

Identify which condition is not required for a notice of objection to be valid under Section 69 of CITA.

TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement

This question involves advising on the proper procedure to challenge an outrageous tax assessment served by FIRS.

TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)

Identify which condition is not required for a notice of objection to be valid under Section 69 of CITA.

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Question Tag: Notice of Objection

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TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement

This question involves advising on the proper procedure to challenge an outrageous tax assessment served by FIRS.

You're reporting an error for "TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement"

TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)

Identify which condition is not required for a notice of objection to be valid under Section 69 of CITA.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)"

TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement

This question involves advising on the proper procedure to challenge an outrageous tax assessment served by FIRS.

You're reporting an error for "TAX – Nov 2015 – L2 – Q2c – Tax Administration and Enforcement"

TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)

Identify which condition is not required for a notice of objection to be valid under Section 69 of CITA.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q8 – Companies Income Tax (CIT)"

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