AUDIT NOTICE RECEIVED U/ S 214 D

The Government has issued mini budget according to which Section 214 D of Income Tax Ordinance has been closed / end / abate . Now audit cases will be dealt as per Section 214 E has been proposed.

Taxpayer has revised return voluntarily by 31 Ist December 2018. by paying 25%  higher tax than the tax paid with the return on the basis of taxable income or where no tax is payable 2% of turnover payable and where no turn over is declared PENALTY under Section 182 has been paid.