income tax scrutiny

  • Income Tax

Loan preceded by cash deposit of exact amount held to be cash credit u/s 68

Loan obtained preceded by cash deposit of exact amount in lenders account held to be cash credit u/s 68 as…

1 year ago
  • Income Tax

CBDT modifies guidelines/criteria for Complete Scrutiny of ITRs during FY 2022-23

CBDT modifies guidelines/criteria for compulsory selection of Income Tax returns for Complete Scrutiny during the Financial Year 2022-23 Guidelines for…

2 years ago
  • Income Tax

Allowable cost of construction when only 1st floor sold as per sale deed to reduce stamp duty

Allowable Cost of construction when only first floor of house was sold as per registry to reduce the stamp duty.…

3 years ago
  • Income Tax

CBDT finalised CASS 2020 Cycle for income tax scrutiny of returns (ITRs) of A.Y. 2019-20

CASS 2020 Cycle for income tax scrutiny of returns (ITRs) of A.Y. 2019-20 for current year - CASS 2020 Instruction…

3 years ago
  • Income Tax

Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash withdrawn earlier

Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash…

3 years ago
  • Income Tax

Guidelines-Income Tax compulsory Complete Scrutiny. Selection of returns for FY 2020-21

Guidelines-Income Tax compulsory selection of returns for Complete Scrutiny during Financial Year 2020-21 & conduct of assessment proceedings Guidelines-Income Tax…

4 years ago
  • Income Tax

Percentage of cases selected for Income Tax scrutiny reduced drastically over the years

Percentage of cases selected for Income Tax scrutiny has reduced drastically over the years Income Tax Department is changing-from just…

4 years ago
  • Income Tax

Initiation of complete scrutiny assessment proceeding prior to receipt of approval invalid

Notice for initiation of complete scrutiny assessment proceeding prior to receipt of approval by Pr. CIT i.e. in anticipation of…

4 years ago
  • Income Tax

Scrutiny Guidelines for invalid returns selected through CASS Cycle 2018

Scrutiny Guidelines for invalid returns selected through CASS Cycle 2018. AO to drop proceedings u/s 143(2) and reopen the case…

4 years ago
  • Income Tax

CBDT Guidelines for manual selection of returns for Complete Scrutiny during FY 2019-20

CBDT Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20 F. No. 225/169/2019/ITA-IIGovernment of India Ministry…

5 years ago