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Income tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular income tax return (ITR) is to be selected for scrutiny. These guidelines also includes the procedure and criteria to be followed for section 142 (1) income tax notice.
The Central Board of Direct Taxes (CBDT) has recently issued comprehensive guidelines for the compulsory selection of income tax returns for Complete Scrutiny during the Financial Year 2023-24.The...
The Gandhis had challenged the January 2021 order issued by the Principal Commissioner (Income Tax) to transfer their cases for assessment year 2018-19 to the Central Circle.
We list the new FY2022-23 guidelines for when 'complete scrutiny' of income tax returns in India is applicable and what mechanisms are used by tax officers.
Prasar Sharma - Government issues additional circular to bolster its earlier guidelines for faster action under Black Money Act, , india, black money