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of <h1>Tax Circular Stresses Strict Compliance to Avoid Audit Issues; Focus on Advance Tax Errors and Penalties.</h1> The circular emphasizes the need for stringent adherence to existing instructions to avoid audit objections related to income tax administration. It highlights common errors such as non-payment of advance tax by first-time assessees, failure to issue advance tax notices, non-filing of estimates, and non-payment of instalments by due dates. It instructs tax officials to ensure compliance with procedures, penalize defaulters, and maintain accurate records of advance tax payments. The circular mandates that these instructions be communicated to all relevant officers and monitored during inspections to ensure proper implementation and minimize lapses.
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