CAF-2 · Chapter 19 · Question 12 of 15
For the purpose of conducting a sales tax audit under Section 25, what is the maximum time limit within which the officer of Inland Revenue can call for the records or documents of a registered person?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) Before the expiry of six years from the end of the financial year to which the records relate.
Explanation
The officer of Inland Revenue shall not call for the record or documents of a registered person after the expiry of six years from the end of the financial year to which they relate.
More Returns and Records MCQs
- Q14How are transactions between associated persons treated under Section 25AA during a sales tax audit?
- Q15If an authorized officer of Inland Revenue decides to draw samples of goods or raw materials during an audit to determine tax liability…
- Q1Under the Sales Tax Act, 1990, what are the specific deadlines for a registered person filing a monthly sales tax return electronically?
- Q2What is the statutory deadline for a private or public limited company to file its annual sales tax return?
- Q3A registered person was granted a 15-day extension to file their monthly sales tax return due to sickness. What is the impact of this…