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
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?
 Last date for filing income tax return (ITR)
 Income Tax Return: How to get maximum tax refunds on filing ITR Check out these 5 ways!
 ITR Filing: Exemptions and deductions that senior citizens can claim for FY24
 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

Income tax returns (ITR) filing: These are evasion cases picked up by Income-Tax department for scrutiny
August, 10th 2018

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said that the department has faith on the income tax payers, but will not allow evaders to scot free.

The Income-Tax department today said it has picked up only high tax evasion cases for scrutiny, which account for around 0.35% of the 6.86 crore returns filed for Assessment Year 2017-18.

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said that the department has faith on the income tax payers, but will not allow evaders to scot free.

“We have increased the tax base and have full faith on taxpayers. Last year, we got 6.86 crore returns and I have picked up only 0.35% cases for scrutiny. This means that 99.65% of the returns filed can be at peace,” Chandra said at an Assocham event.

He said out of this 0.35% cases picked up for scrutiny, 0.15% are for ‘limited scrutiny’ and 0.20% are for ‘full scrutiny’.

Scrutiny of Income Tax returns has been an issue of grievance for many assessees. Earlier about 1% of the income tax returns filed were picked up for scrutiny.

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