Guidelines Compulsory Scrutiny of ITR Returns for FY 2023-24

Guidelines Compulsory Selection of Income Tax Returns for Complete Scrutiny during FY 2023-24

Central Board of Direct Taxes issues guidelines for compulsory selection of ITR Returns for Complete Scrutiny during the FY2023-24 along with the compulsory selection of Scrutiny procedure,

Compulsory selection Parameters of returns for Complete Scrutiny as mention below: -

• Where specific information has been received pointing out tax- evasion for the relevant AY is provided by any law-enforcement agency, (Regulatory Authority/ Investigation Wing/Agency, etc.).
• Where the assessee has been found to be claiming tax-exemption/deduction in the return under section 12AB, 12A, 10(23C), 35(1)(ii)/ (iia)/ (iii),etc. without approval or registration granted by the income tax authority.
• Where ITR not filed in response to the notice issued u/s 142(1) under ax law.
• Cases pertaining to Search, Survey, Seizure & Requisition under Tax Law.

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480