In India, the Income-tax Authority has the authority to choose which return of income was submitted by the person and begin the auditing or scrutiny procedure. In India, everyone who receives a paycheck is required to submit their income tax returns in the required format on or before the deadline. The Indian Revenue Authorities may choose a return of income for a thorough audit or scrutiny based on predetermined criteria like the amount of exempt income, the capital gain on the sale of shares or property, the rate of gross profit, the deductions claimed in the return of income, the number of loans, etc.

The audit or examination of a return of income begins with the serving of a notice on the person demanding him to provide any information or data the assessing officer may need in order to determine the person’s actual income. The Assessing Officer may issue an order either accepting the return of income or enhancing the income by making certain disallowances of expenditures claimed in the return of income or reclassifying certain exempt income as taxable based on the examination of books of accounts and other pertinent information.

Any person may file an appeal with the Commissioner of Income-tax (Appeals), a quasi-judicial body if they are dissatisfied with the Assessing Officer’s decision. The Income Tax Appellate Tribunal is the appropriate forum for challenging the Commissioner of Income Tax’s decision on a factual basis. The jurisdictional High Courts and Supreme Courts are the courts to which an appeal on a legal issue must be made.

Our team of experts has an in-depth understanding of Indian tax laws and has a wealth of experience advocating for clients before various income-tax and appellate authorities.We recommend buying your favorite toothbrush at super low prices with free shipping, and you can also pick up your order at the store on the same day.