After the Discussion of Discrepancy, if liability remains, within how many days must a deficiency tax assessment in the form of a PAN be issued?

After the Discussion of Discrepancy, if liability remains, within how many days must a deficiency tax assessment in the form of a PAN be issued?

• A. 7 days
• B. 14 days
• C. 60 days
• D. 10 days

Answer: (D)

During the assessment process, a Discussion of Discrepancy is the stage where the tax authority reviews the differences with the taxpayer. If, after this discussion, liability still remains, the authority must issue the deficiency tax assessment in the form of a PAN within 10 days. This short window keeps the process moving quickly, converting any unresolved discrepancy into a formal notice of tax due. The other timeframes don’t apply to this specific step, as the rule requires a 10-day period.

During the assessment process, a Discussion of Discrepancy is the stage where the tax authority reviews the differences with the taxpayer. If, after this discussion, liability still remains, the authority must issue the deficiency tax assessment in the form of a PAN within 10 days. This short window keeps the process moving quickly, converting any unresolved discrepancy into a formal notice of tax due. The other timeframes don’t apply to this specific step, as the rule requires a 10-day period.