WebbSection 143(1) was not necessary where a scrutiny notice was issued. However, this provision has been amended with effect from AY 2024-18 to provide that if a scrutiny notice is issued, processing of a return shall not be necessary before the expiry of one year from the end of the financial year in which return is submitted. Webb20 mars 2024 · Notice u/s 143(2) is issued to you by the Income Tax Department when your Income Tax Return is selected for scrutiny assessment or detailed assessment u/s 143(3). In simple words, Scrutiny assessment or detailed assessment u/s 143(3) means scrutiny is carried out to confirm the correctness and genuineness of various claims, …
Income Tax Notice: 10 reasons why you may get a notice from the …
WebbNotice under section 142 (1) Notice under 142 (1) can be sent by the Assessing Officer in the following 2 cases: -. Where return has not been filed, the Assessing Officer may direct the assessee to file a return. Where return has been filed, the Assessing Officer may call for information/ explanation/ copies of books of accounts etc. Webb12 apr. 2024 · This can be of three types, with the first two coming under computer-assisted scrutiny selection (CASS), while the third is a manual scrutiny notice. The timeline for the completion of this assessment is 18 months for assessment year 2024-18, down from 21 months in 2016-17, and is likely to be further brought down to 12 months from … how to start an assignment report
Tax evasion of Rs 2,250 crore? DGGI issues show cause notices to …
Webb3 feb. 2024 · With the Scrutiny notice, the department may ask for details regarding certain transactions. The issues of such notices are the result of a random check or some … Webb12 maj 2024 · The CBDT vide F.No. 225/81/2024/ITA-II dated May 11, 2024 has issued Guidelines for compulsory selection of returns for Complete scrutiny during the Financial Year 2024-23 and procedure for compulsory selection in such cases. Kindly refer to the above. The parameters for compulsory selection of returns for Complete Scrutiny during … Webb9 juli 2024 · AHMEDABAD: More than 4,000 taxpayers in Gujarat who have donated to political parties to save on their income taxes are set to receive notices from the I-T department. Recently, the department ... react app login page