Well One of my friend said that recently 10-15 days back there was an enquiry which took place at his place.
It was regarding some bill he have drawn somewhere in 2006 on whose vat he havent forwarded or he said he couldnt find the necessary documents now.
Though he settle the matter on personal level.
Wanted to ask somewhere i read that income tax returns cant be scrutinized after 1-2 years of financial or assessment year.Than how come a 5 year old bill querry have been taken out in this case by sales tax department here.Want this lead to unnnecessary harassment or requirement to save old paper loads and others.
CAclubindia
