Hi
I want to ask the following questions.
1.What will be the criteria for the Scruitny after notification 402 dated 14th march 2011 of CBDT ?
2.Whether a assessee can get relief after the notification whose income are from Business,but doesn't exceed10 lakhs in a financial year and file his income tax return either in ITR 4 or in ITR V.
Please do reply soon.
It means assessee carrying on business and profession and filing return in ITR-4 would not be considered small tax payers in the context of the above said notification even if his total income does not exceed Rs.10 lacs.
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