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Is an Annual Return and a Final Return one and the same?

Question

Is an Annual Return and a Final Return one and the same?

Expert Answer
Answered 25 Nov 2022
2405 views

No. Annual Return has to be filed by every registered person paying tax as a normal taxpayer. Final Return has to be filed only by those registered persons who have applied for cancellation of registration or whose registration is cancelled. The Final return has to be filed within three months of the date of cancellation or the date of cancellation order.

 

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