221(2) (Notice for rectification of mistake in assessment order)

221(2) (Notice for rectification of mistake in assessment order)

 

221(2) (Notice for rectification of mistake in assessment order) received from fbr 

221(2) (Notice for rectification of mistake in assessment order) 221(2) (notice for rectification of mistake in assessment order) 221(2) (Notice for rectification of mistake in assessment order) Untitled

your income tax return for the year under consideration has been examined and it has been found that you have claimed refund adjustment for the prior year(s) amounting to Rs.290614/- against the income tax payable for the subject year. The said adjustment is not admissible as the same has not been sanctioned in your favor through order under section 170(4) of the income Tax Ordinance, 2001. This is a mistake apparent from record and liable to be rectified under section 221 of the Income Tax ordinance, 2001. You are therefore, afforded an opportunity to explain your position alongwith documentary evidence on the due date mentioned above. You are called upon a show cause as to why your case for subject year may not be rectified.

Why you received 221(2) (Notice for rectification of mistake in assessment order) ?

After the last year tax retrun submission you have not filed refund application and second you have claimed last years tax and adjust current year.

What should i do now?

Simply reply the notice with last documents on the basis of last years tax refund claimed.Your reply should be proper and understandable.

If no compliance  made of 221(2) (Notice for rectification of mistake in assessment order)?

In case of non-compliance or reply found unsatisfactory, it will be established that you have no plausible explanation
and assessment will be rectified accordingly.

If need any help on 221(2) (Notice for rectification of mistake in assessment order) feel free to contact us at Astro Associates tax consultant