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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
