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CBDT GUIDELINES FOR SCRUTINY
Income tax scrutiny: Who could receive a tax notice by June 30 and what to do if you've made a mistake- Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
- ITR scrutiny alert: Income Tax Department identifies 6 categories of returns for mandatory scrutiny in FY 2026-27
- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
- ITR scrutiny notice: Income Tax Department looks at these parameters while selecting ITRs for scrutinyThe Income Tax Department provides guidelines for Income Tax Return (ITR) scrutiny. These guidelines ensure transparency in sending income ...
- Ask justified, specific questions from taxpayers during scrutiny: CBDT to I-T officialsThe CBDT has instructed Income Tax Department officials nationwide to apply "due application of mind" when issuing scrutiny notices to taxp...
- If you don't reply to income tax dept's queries, ITR likely to be picked for full scrutiny: CBDTThe Central Board of Direct Taxes (CBDT) has issued guidelines of the income tax officials regarding parameters to be followed to pick up t...
- I-T dept committees on high-pitched assessments to submit report in about 2 months: CBDTThe local committees have been created in each region of the income tax department, that are headed by a principal chief commissioner rank ...
- CBDT lays out five parameters for compulsory selection of returns under faceless assessmentThe selection process has to be completed by the month end, field offices have been instructed in letter issued on Thursday. The Board has ...
- All communication with taxpayers to be from NeAC under faceless assessmentAll the functions would be through electronic means for which the NeAC will be the gateway and will function as such for all the flow of in...
- CBDT procedure to safeguard startups: ExpertsThe government's recent decision to give relief to start-ups on assessment of angel tax notices would provide a safeguard to them and promo...
- CBDT warns taxman against roving, fishing scrutiny inquiriesThe policy-making body of the department has asked assessing officers to not "travel beyond the issue" and not to randomly or unauthorisedl...
- CBDT asks I-T to slap higher tax rate on fraudulently revised ITRsCBDT had earlier said that those drastically altering the forms to revise income will face scrutiny and penal action including prosecution.
- Eyeing consistency, CBDT streamlines transfer pricing normsIt also said a similar guidance note will be issued to deal with transfer pricing cases pertaining to domestic transaction within the group.
- CBDT rationalises norms of scrutiny of tax returnsThe Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best ...
- I-T sleuths to scrutinise expenses of Lok Sabha candidatesCentral Board of Direct Taxes (CBDT) chairman R K Tewari said on Monday that the I-T department has started scrutiny of I-T returns of succ...
- Income Tax scrutiny policy not open to RTI query: CICThe Government is not bound under the Right to Information law to divulge details about its Income Tax scrutiny policy, used to identify ta...
- Crorepati brokers face I-T scrutinyStock & commodity brokerages with earnings of Rs 1 cr a year will be compulsorily scrutinised by the I-T Dept, thanks to a new directive is...
- Tax-evading retail investors to face higher I-T demandNearly six lakh tax payers, whose returns are selected for scrutiny this fiscal, will face the heat from tax authorities if they trade in s...
- MoF issues norms for transfer price assessmentThe Finance Ministry has issued administrative guidelines on transfer price assessment, to kickstart scrutiny of returns filed for assessme...
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