A term of art used in the context of the Single Assessment Process, which refers to an appropriate and opportune time for an individual and their carer(s) to carry out a particular activity or function.
6511(a) provides that in order for a refund claim to be timely it must be filed within three years from the time the relevant return was filed, or two years from the date the tax was paid, whichever is later.
* Ensure a timely analytical review of the account balances of all low-risk accounts to ensure they provide adequate evidence upon which to base a conclusion that the accounts contain a significant or material misstatement.
It's essential that financial executives across the organization recognize that when implemented with care, continuous auditing is about improving the quality and timeliness of communication between auditor and management, providing management more timely input on the state of controls and risks and keeping the auditor better informed.
Announcing this, Additional Accountant General Muhammad Hassan Rana said in an official statement on Friday that since the current fiscal year was proceeding to its conclusion, the payments of the bills were to be made apart from timely use of funds of the development projects.