What is Tax scrutiny?

What is Tax scrutiny?

Tax scrutiny refers to assessing the income tax return by the IT Dept. and notifying the assessee to show evidence of the income and expenses declared, deductions & exemptions, losses, or any other claims that can reduce the assessee’s tax liability.

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      Once you receive a Scrutiny Assessment 143 (2), you are expected to submit all the necessary proofs and documents online in the e-Filing portal, as demanded and which can prove the accuracy of your returns. After considering all the evidence, the AO ...

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      Assessee is the person who has filed the returns, on whom the tax scrutiny may be carried out.

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    • Advance/Self Assessment Tax

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    • What is Advance Tax?

      Advance tax is income tax paid in advance instead of lump sum payment at year end. The purpose is to collect tax as income is generated, and hence is popularly known as ‘pay as you earn’ tax. The I-T Dept. provides the due dates before which you need ...