CBDT Guidelines compulsory selection of ITR for Scrutiny for the FY 2024-25
The Government of India has been given the Guidelines via CBDT for mandatory selection of Income tax returns for complete scrutiny during FY 2024-25. These Guidelines via CBDT guidelines, outlined in a document dated May 3, 2024, are designed to ensure effective tax compliance & administration.
Given the comprehensive nature of these guidelines, taxpayers should pay close attention to their tax filings, ensuring accuracy and compliance with the law. It's advisable to maintain proper documentation and records to support income, deductions, and other relevant financial transactions.
Taxpayers who are selected for complete scrutiny should cooperate fully with the tax authorities, providing any requested documentation or information promptly and accurately. Failure to comply with scrutiny proceedings can lead to penalties or further investigation.
Complete CBDT Guidelines issued through F.No.225/72/2024IITA-II dated May 03, 2024, for compulsory selection of ITR for Scrutiny during the FY 2024-25
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