176(1) (Notice to obtain information or evidence) What should do?

176(1) (Notice to obtain information or evidence) What should do?

176(1) (Notice to obtain information or evidence) 176(1) (notice to obtain information or evidence) 176(1) (Notice to obtain information or evidence) What should do? Business Consulting Logo 1 300x300

176(1) (Notice to obtain information or evidence) In this notice Please refer to the subject cited above.During the Desk Audit it has been noticed that you have adjusted refund claim of previous years against tax liability of tax year 2020.You are requested to provide proof/documentary evidence that tax was deposited in government exchequer against which you have claimed adjustment in tax year 2020.

In case of failure to furnish the requisite proof/documentary evidence the same shall be disallowed and subsequently recovered under the law.

Reason of Receiving 176(1) (Notice to obtain information or evidence)

 If you have adjusted last year tax refund to next year they will ask you proof of taxes which you paid that you are claiming.

What should you do ?

If you received 176(1) (Notice to obtain information or evidence) then yoou should reply within due date with proper evidence.

Non Compliance of Notice 

They will give you three opportunities every fifteen days non-Compliance of 176(1) (Notice to obtain information or evidence) may face demand notice and after tax recovery

if you need any help for the compliance of 176(1) (Notice to obtain information or evidence) feel free to contact us