Procedure for streamlining the Scrutiny of IT Returns

The Income-tax Department have come out with a circular with procedures for streamlining the Scrutiny of IT returns during the year 2011-12.

As per this circular, the returns in respect of small Tax payers and Senior Citizens who are filing their returns in ITR1 & ITR 2, will not be subject to scrutiny unless there is a credible information of tax avoidance/evasion.

Assessees (Individuals & HUF) with Gross Total Income upto Rs. 10 Lakhs will be considered as Small Tax Payers. Tax payers of age 60 or above will be considered as Senior Citizens for this purpose.

Click Here to download the relevant Press release from the Income-tax Department.