Assessments are issued by the Comptroller based on the income tax returns submitted by the taxpayers or they can be based on the Comptroller’s estimate

Accounting Jan 18, 2021

Assessments are issued by the Comptroller based on the income tax returns submitted by the taxpayers or they can be based on the Comptroller’s estimate. In the area of appeal, if the taxpayer disputes the assessment, he/ she has to submit a notice of objection within days from the date of service of the notice of assessment. The precise grounds of objection to the assessment must be stated. Otherwise the objection is regarded as invalid.

a. 45

b. 5

c. 15

d. 30

Expert Solution

Answer : ( D ) 30

A taxpayer should submit a notice of objection within 30 days from the day the assesment is issued by the comptroller or tge taxoayer submitted his/her ITR.

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