ICAB

Certificate Level: Principle of Taxation

Lecture synopsis: Session: May-June-2020
Zafar Ullah Khan, FCA

Chapter – VIII: Return and statement

Sections Summary:
75: Return of income
75A: Return of withholding tax
75B: Obligation to furnish Annual information Return
75C: Concurrent jurisdiction
76: Certificate in place of return:
77: Notice of filing of return
78: Filing of revised return
79: Production of accounts and documents:
80: Statements of assets, liabilities and life style

CHAPTER – IX : ASSESSMENT
Section Summary:
81: Provisional assessment:
82: Assessment on correct return
82A: Assessment under simplified procedure
82BB: Universal Self Assessment
82C. Minimum Tax
82D. Spot assessment
83. Assessment after hearing
83AAA. Assessment on the basis of report of a chartered accountant
84. Best judgment assessment

85. Special provisions regarding assessment of firms

86. Assessment in case of change in the constitution of a firm
87. Assessment in case of constitution of new successor firm
88. Assessment in case of succession to business otherwise than on death
89. Assessment in case of discontinued business
90. Assessment in case of partition of a Hindu undivided family
91. Assessment in case of persons leaving Bangladesh
92. Assessment in case of income of a deceased person
93. Assessment in case of income escaping assessment, etc
94. Limitation for assessment.