It is issued by the assessing officer when he/she thinks that the income was not checked and the taxes have minimal documentation/computing errors.
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Tax scrutiny involves analyzing the tax deductions and peopl’s financial practices.
It is governed by the Income tax notice under Section 143(2).
It is issued within 6 months of the end of the financial year.
By allowing people to manage their expenses, it keeps a record of the online transactions.
It allows people to beware of fraudulent monetary practices and unscrupulous elements who extract money.
It resolves tax related issues in a jiffy.
Tax assessment makes sure that the income details of an employee are not passed on to anyone.
In case you are unable to get your queries sorted, there is a panel of experts to guide you through the process.
It is issued by the assessing officer when he/she thinks that the income was not checked and the taxes have minimal documentation/computing errors.
It asks for employee details and tax deduction claims. A group of assessors cross-check the facts to ensure that everything is on track.
A few tax reports are assessed by a group of experts to see whether things are under control and the tax processes are being executed efficiently.
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