Income Tax Scrutiny criterias for F.Y. 2011-12/A.Y. 2012-13

1 comments Thursday, March 1, 2012
1. Where value of international transaction as defined u/s. 92B exceeds Rs.15 Crore.

2. Cases where there was addition of Rs.10 Lacs or more in earlier assessment year and question of law or fact is confirmed in appeal or pending before appellate authority.

3. Cases in which addition of Rs.10 Crore or more was made in earlier assessment year on the issue of transfer pricing.
Read On

No Scrutiny for senior citizens and small tax payers having income upto 10 lakhs

No.402/92/2006-MC (07 of 2011)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi dated the 14th March 2011
Streamlining procedure for scrutiny of income-tax returns
Read On