CAF-2 · Chapter 15 · Question 2 of 15
If a return of income is filed and no adjustments are made by the FBR's automated system within a specified period, the amounts declared by the taxpayer are deemed to have been taken as adjusted amounts. What is this statutory period?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) 6 months from the filing of the return.
Explanation
Where no adjustments have been made within 6 months of the filing of the return, the amounts specified in the return as declared by the taxpayer shall be deemed to have been taken as adjusted amounts on the day the return was filed.
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