Skip to main content

INCOME TAX - AOs to issue SPECIFIC questionnaire alongwith initial notice u/s 143(2)

By

Respected Members,


In cases selected for scrutiny, the first notice u/s 143(2) issued by the AO shall now be accompanied by SPECIFIC questionnaire alongwith a notice u/s 142(1).


The CBDT has asked the AOs to issue case specific questionnaires to the assessee along with the initial notice u/s 143(2) to avoid wastage of time of the assessee and their authorized representatives who are required to attend the proceedings on issue of the initial notice u/s 143(2) but in absence of any specific questionnaire the compliance made by the assessee or the AR of the assessee cannot serve any purpose other than merely marking their presence on record.


Please find attached the relevant directions issued by the CBDT for your ready reference.


--
N.K. Goel & Bros.
Chartered Accountants
CA Yashu Goel
9899263490

Comments

Post a Comment

Popular posts from this blog

GST - Electronic invoicing (E Invoicing) made mandatory

By
E-invoice has been made mandatory for taxpayers having turnover exceeding 10 crores from 1st October, 2022: Notification 17/2022 Central Tax dtd 01/08/2022 It implies that any registered person whose aggregate turnover in any preceding financial year from FY 2017-18 onwards has exceeded Rs 10 Crore shall issue E-invoice w.e.f 1st October 2022 . -- CA Yashu Goel 9899263490 M/s N.K. Goel & Bros. Chartered Accountants www.TaxingNarad.COM
Post a Comment
Read more

Amendment in FTP to extend IGST & Compensation Cess exemption on imports under AA/EPCG etc.

By
NOTIFICATION NO. 16/2015-20, DATED 01-07-2022 Editorial Note :  The exemption of IGST and Compensation Cess on import of goods under Advance Authorisation, EPCG and EOU has been extended without any time restrictions. The corresponding amendment is made under FTP 2015-20 under Para 4, 5 and 6 to provide for exemption from IGST and Compensation cess on imports under the above specified export incentive schemes. -- CA Yashu Goel 9899263490 M/s N.K. Goel & Bros. Chartered Accountants www.TaxingNarad.COM
Post a Comment
Read more

No GST on Ocean freight. Hon'ble SC.

By
Supreme Court has pronounced its judgment in the matter of Mohit Minerals (Ocean Freight matter).  While upholding the judgment of Gujarat High Court, the Supreme Court has held that recommendations of GST Council are only recommendatory and not binding on Union and State.  To summarise the Hon'ble Apex Court has ruled that GST is not leviable on ocean freight. CA Yashu Goel 
1 comment
Read more