THE INCOME TAX DEPARTMENT PUBLISHES STANDARDS FOR SELECTING TAX RETURNS FOR COMPLETE SCRUTINY

In the current financial year, the income tax department has established rules for identifying I-T returns for complete scrutiny, stating that such examination would be applied in cases when information about tax evasion is available from any other authority. In some situations, the procedures for selecting cases for complete examination have been updated to include obtaining prior administrative clearance from the Principal Commissioner/Principal Director/Commissioner/Director.

Survey, search, and seizure cases, as well as cases where charity trusts have claimed exemption without a legal approval, have all been subjected to prior approval before being sent to the National Faceless Assessment Centre (NaFAC) for delivering necessary scrutiny notices.┬áTax officers conduct a thorough inspection of the return of income to confirm the legitimacy of the taxpayer’s numerous claims, deductions, and other claims. The goal is to ensure that the taxpayer has not understated his or her income, computed an excessive loss, or underpaid taxes in any way.

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