Easy Office
LCI Learning

Increase in turnover

This query is : Resolved 

11 June 2013 IF TURNOVER OF A SOLE PROPRIETOR INCREASES FROM 9 LAKHS TO 48 LAKHS WILL IT ATTRACT INCOME TAX SCRUTINY

12 June 2013 Generally this is not a criteria for the selection of scrutiny assessment. However,
the assessing officer can select a case with the prior approval of Additional CIT / Joint CIT after recording reasons for doing so. In such cases the approving authorities has to monitor and ensure that, quality assessments are framed in these cases.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries