CA Umesh Sharma
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Arjuna (Fictional Character): Krishna, what are the recent guidelines given by CBDT for Compulsory selection of cases for Scrutiny? Krishna (Fictional Character): Arjuna, CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for com
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FAQ :
Income tax scrutiny is a process initiated by the department when they believe income has been understated or expenditure overstated. A notice is issued to the assessee to attend the department's office and provide additional documents.
Cases related to surveys (u/s 133A), search and seizure, failure to furnish returns after notice (u/s 142(1)), issuance of notices (u/s 148), issues with tax registration/approval, prior assessment additions exceeding certain limits, and specific information about tax evasion are selected.
Yes, even if a case pertains to a survey (u/s 133A), it may be excluded from compulsory scrutiny if books of accounts were not seized and the income shown in the return is not less than the assessed income.
Compulsory scrutiny is triggered if additions made in earlier assessments exceed Rs 25 Lakhs in metro cities or Rs 10 Lakhs in non-metro cities.
The guidelines aim to warn taxpayers about the consequences of falling into specific categories for scrutiny and encourage greater care when filing income tax returns. They also help the department monitor assessees who have made past mistakes.
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