Va. Code § 58.1-454

Current with changes from the 2024 legislative session through ch. 845

Section 58.1-454 - Department may estimate corporation's tax when no return filed

If any report or return required to be made by any corporation under this chapter is not made as herein required, the Department is authorized to make an estimate of the net income of such corporation and of the amount of tax due under this chapter, from any information in its possession, and to order and state an account according to such estimate for the taxes, penalties and interest due to the Commonwealth from such corporation.

Va. Code § 58.1-454

Code 1950, § 58-151.091; 1971, Ex. Sess., c. 171; 1984, c. 675.

Amended by Acts 1984, c. 675.

Amended by Acts 1971, § Ex. Sess., c. 171.