Tax Compliances & Dispute Resolution

Tax Compliances

Every taxpayer is required to undertake certain compliances, such as:

• Annual filing of:
  • Return of income
  • Report of audit under the ITA (if applicable)
  • Transfer pricing certificate (if applicable)
• Monthly deposition of withholding taxes
• Quarterly deposition of advance tax
• Quarterly filing of withholding tax return

Note: In certain cases, the return of income filed by a taxpayer is subject to verification or audit by tax authorities. This process is called an ‘assessment’. In case a taxpayer is aggrieved by the outcome of the assessment, he/she can challenge the same before the dispute resolution authorities.