Where the Assessing Officer considers it necessary to verify the correctness and completeness of the income tax return, by requiring the presence of the assessee or the production of evidence for this purpose, the Assessing Officer must serve on the assessee (including a nonresident Indian) a notice for personal hearing or the production of evidence in support of the return under Section 143(2). This is normally done when a case is selected for detailed scrutiny on a random sampling basis. In such a case after taking into account all relevant material which the Assessing Officer has gathered and after hearing such evidence as the assessee may produce, the Assessing Officer has to make an assessment under Section 143(3). There is also a procedure for compulsory audit of accounts u/s 44AB where the turnover, etc. exceeds `. 40,00,000. Most non-resident Indians may not be required to have a tax audit of their accounts, hence the provisions in this regard have not been discussed here. |
