Tax REMEDIES

Question 1

When can FAN/FLD be issued?

Answer 1

1. The taxpayer failed to respond to the PAN
2. The reply to the PAN was found to be without merit.

Question 2

PRESCRIPTIVE PERIOD
Return filed is not fraudelent

Answer 2

3 years from
a. Actual filing of return
b. Deadline for filing

WHICHEVER IS LATER

Question 3

PRESCRIPTIVE PERIOD
1. Return filed fraudelent
2. No return was filed

Answer 3

10 years from discovery

Question 4

Authorized officers to sign the assessment notices

Answer 4

1. Revenue Regional Director
2. Assistant Commissioner for Large Taxpayers Services. (LTS)
3. Assistant Commissioner for Enforcement and and advocacy service