Q 264. What recourse may be taken by the officer in case proper explanation is not furnished for the discrepancy detected in the return filed under section 45 of MGL?

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Ans. If the taxable person does not provide a satisfactory explanation within 30 days of being informed (extendable by  the  officer  concerned)  or  does  not  take  corrective action within a reasonable period after accepting the discrepancies, the Proper Officer may take recourse to any of the following provisions: (a)  Proceed to conduct audit under Section…

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