Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 Income tax return scrutiny: CBDT issues notification on selection of cases for tax scrutiny. Check details
 CBDT signs record number of 125 Advance Pricing Agreements in FY24
 CBDT issues guidelines for selection of cases for scrutiny, focus on tax evasion info by law enforcement agencies, note experts
 CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025
 Net direct tax collections exceed 2023-24 target
 Govt kicks off direct tax code revision
 ITR 2024 25 Check tax department s update on TDS and refunds
 Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains
 Income tax exemption: 4 financial instruments you can still invest into before March 31
 CBDT drops small tax demands but not TCS, TDS claims
 ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount
 Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?
 Average tax return processing time cut to 10 days: CBDT

CBDT issues guidelines for selection of cases for scrutiny, focus on tax evasion info by law enforcement agencies, note experts
May, 10th 2024

The Central Board of Direct Taxes (CBDT) has issued the guidelines for compulsory selection of income tax returns for scrutiny for the fiscal year under which it has outlined a number of cases that would be taken up.
While the guidelines are largely in line with those of previous years, experts noted that the CBDT continues to focus on cases of possible tax evasion where taxpayer’s information is shared by other law enforcement agencies.

In a recent missive to field formations, the CBDT said that in cases, in respect of which specific information pointing out tax-evasion for the relevant assessment year is provided by any law-enforcement agency, including Investigation Wing, Intelligence, Regulatory Authority, Agency and the return for the relevant assessment year is furnished by the assessee, the jurisdictional assessing officer would prepare a list of cases with prior approval. A consolidated list of such cases would be given to the Principal Commissioner of Income Tax who would then forward it to the Directorate of Income Tax (Systems). A notice under Section 143 (2) of the Income Tax Act for scrutiny would then be issued.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting