Chapter 12

Section 59: Self-Assessment

• Every registered person self-assesses taxes and submits returns for each tax period.

 

Section 60: Provisional Assessment

• When the value or rate of tax is uncertain:
  • Person can request provisional assessment
  • Tax officer allows provisional payment after bond/surety
  • Final assessment within 6 months (extendable up to 4 years by Commissioner).
• Interest is payable on provisional tax not paid on due date.
• Refund due post final assessment carries interest under Section 56.

 

Section 61: Scrutiny of Returns

• Officer may scrutinize returns, point out discrepancies, and seek explanation.
• If explanation is satisfactory, no further action.
• Otherwise, actions under Sections 65, 66, 67, 73, or 74 may follow.

 

Section 62: Assessment of Non-Filers

• If return is not filed despite notice, officer can assess best judgment within 5 years of due annual return.
• Return filed within 30 days of assessment order → order withdrawn; interest/late fees still apply.

 

Section 63: Assessment of Unregistered Persons

• If a person liable to register is unregistered or registration cancelled, officer can assess best judgment within 5 years.
• Person must be given opportunity of being heard.

 

Section 64: Summary Assessment in Special Cases

• With prior permission, officer can issue summary assessment if delay may harm revenue.
• If liable person is not identifiable → person in charge of goods considered taxable person.
• Order can be withdrawn by higher officer if erroneous, following Sections 73 or 74 procedure.