Scrutiny, Search Assesment
P V Raja Rajeswaran is one of the leading experienced Income Tax Consultant in Madurai, Tamilnadu.
Scrutiny
Scrutiny refers to the detailed examination or review of a taxpayer's income tax return by the tax authorities to verify the accuracy and completeness of the information provided.
Search assessment
Search assessment refers to a comprehensive and intrusive investigation conducted by tax authorities when they suspect tax evasion or unaccounted income. It often involves the physical search and seizure of documents and assets.
Search assessment
Search assessment refers to a comprehensive and intrusive investigation conducted by tax authorities when they suspect tax evasion or unaccounted income. It often involves the physical search and seizure of documents and assets. It's important to note that both scrutiny assessments and search assessments are conducted to ensure tax compliance and prevent tax evasion. While scrutiny assessments are a routine part of the tax assessment process and are based on specific criteria or selection parameters, search assessments are more intrusive and are typically carried out in cases where tax evasion is suspected.