scrutiny relating to agricultural income

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venkat (Querist)
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26 December 2010 Sir, My client wants to declare Rs.1.55 Lakhs business income and Rs.5 Lakhs income from agriculture for f.y.2009-10. Rs.1.8 Lakhs declared as agricultural income in f.y.2008-09. Will he be under compulsory scrutiny ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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26 December 2010 For the AY 2009-10 There is no specific criteria found by me for compulsory scrutiny as regards exempt income.

However, you must have proper evidence of agriculture income earned.

AO has power to select such cases into scrutiny after recording the reasons and obtaining approval of CCIT.

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