Income Tax Assessment Process

A document containing information about a taxpayer's financial activities, including bank accounts, utilities, business premises, and other relevant details. It ensures transparency and allows the tax authority to understand the taxpayer's financial situation.

A list of taxpayers who are actively engaged in economic activity and are required to file tax returns. It helps the tax authority identify potential tax revenue sources and ensures compliance.

A specific form used by the taxpayer to provide detailed information about their financial activities, including bank accounts, utilities, business premises, and types of businesses.

The deadline by which a taxpayer must submit their updated taxpayer profile to the tax authority. This ensures that the tax authority has the most up-to-date information about the taxpayer's activities.

A financial penalty imposed on taxpayers who fail to furnish or update their taxpayer profile by the due date. The amount varies depending on the taxpayer's category.

A legal power granted to the tax authority to enforce tax compliance by taking specific actions. For example, they may issue an order to restrict foreign travel for those who do not file tax returns.

An official document issued by the tax authority that prescribes instructions and guidelines related to income tax matters. For example, it can specify the procedures for filing income tax returns and the penalties for non-compliance.

A legal procedure where the tax authority takes action against individuals who are liable to file tax returns but have not done so. This includes measures such as restricting travel, utilities, and communication.