banner_ad

scruitiny selection

This query is : Resolved 

24 January 2009 ihave a filed income tax return of a civil contractor showing net profit 5% for A Y 2007-08. The turnover iswas Rs1.25 cr.It is not covered by section 44 AD.As per scrutiny norms for the relevant a.y.if the n/p is above 5% and turnover is above Rs 1.00 cr,it will not be selected for scruitiny. The case filed by me fullfills the above requirements.But,it has been selected for scruitiny. What is reamedy.how can i challange this selection

24 January 2009 SIR IF YOU HAVE FILED UNDER PRESUMPTIVE BASIS PROVISIONS THEN PLS CHECK IT IS 8% & NOT 5% SO YOU ALSO MUST HAVE VIOLATED THE TAX AUDIT PROVISIONS THEREBY
SO CHALLENGING ON THAT GROUNDS IS OUT OF YOUR PERVIEW.
YOU WILL HAVE TO FACE THE SCRUTINY
IN CASE YOU REQUIRE ANY FURTHER HELP YOU CAN CALL ME

CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details