Chap#4 Flashcards
1
Q
Normal Tax year
A
12 month period ending on 30 june denoted by calender year in which 30 june falls.
2
Q
Special Tax year
A
12 month period other than normal tax year denoted by calender year relevant to normal tax year in which closing date of special tax year falls.
3
Q
In case of class of person
A
the Board may pemit through official gazette.
4
Q
In case of Person
A
May apply in writing to Commi to allow him. The order will pass by fulfilling following conditions:
If Person show compelling Need.
5
Q
Cases of Commi approval
A
May impose conditions
May Reject
May withdraw permission
6
Q
Transitional tax year
A
Period between the end of last tax year prior to change and date on which change year commence.
7
Q
A
