Self-Assessment Tax & Notices Explained | Why Clean Business Matters | CA Ibrahim
Автор: CA Ibrahim
Загружено: 2025-12-20
Просмотров: 442
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Don’t panic when a tax notice arrives understand it first.
Self-assessment tax means you calculate your own tax based on income, sales, and purchases and pay it directly to the government. Although this system runs on trust, the government may send notices to verify whether the tax has been correctly assessed. In this video, CA Ibrahim explains why income tax and GST notices are issued, why a notice does not always mean extra tax or penalty, and how many cases can be resolved with a simple reply and proper documents. He also highlights the importance of taking professional help instead of panicking and explains why clean, compliant business practices are essential for stress-free operations and long-term growth.
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