Compulsory Scrutiny 2024-25: CBDT's Key Guidelines Explained
This concise guide explains CBDT's compulsory scrutiny guidelines for FY 2025-26. It outlines the specific high-risk scenarios that can lead to a detailed income tax examination, such as search operations, credible information of tax evasion, or large refund claims. The synopsis highlights that selected taxpayers will receive a Section 143(2) notice for complete, often faceless, scrutiny and advises preparedness and seeking professional help.
The Income Tax Department does not randomly select all returns for detailed checks. The CBDT provides yearly guidelines for compulsory scrutiny. These guidelines focus on specific high-risk cases for thorough examination. This helps address major compliance issues.
What triggers compulsory scrutiny for FY 2025-26 (AY 2026-27)?
While we are still waiting for official guidelines, past trends suggest common triggers include:
- Cases from search, seizure, or survey operations.
- Specific, credible information about tax evasion from other agencies.
- Certain large refund claims, often those above a specific threshold.
- Information related to FEMA violations or international transactions.
- Instances where the Assessing Officer has specific, credible information, requiring higher approval.
For reference, you can often find such guidelines published by tax portals. For example, similar guidelines for FY 2025-26 might be available here: Compulsory Scrutiny Guidelines for FY 2025-26.
If your return is chosen, you will receive a notice under Section 143(2). This notice usually indicates 'complete scrutiny', which means a full review of your finances. Most assessments are now conducted electronically and without face-to-face interaction.
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Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at marketing@myitronline.com
Krishna Gopal Varshney
An editor at apnokacaKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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Krishna Gopal Varshney
An editor at Myitronline
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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