2ern2012 rome (104) sn 3 wn indiastusychannl Income Tax Authortes in incia and thelr Powers IndiaStudyChannel.com Awards © Login Register Learn t0 Barn, Earn t© Learn | sins a ES) New Member FAQ | Forums | Earn Revenue | Posting Guidetines | Help Topics cee Tees —hakepens Qn apes metas cone cures ‘seat vores {GRESHop | Bookmarks | Reviews | Learn Eraish | Soe Hub | Links | New Poms [ My ine | Mombers | Pote | Subscribe to Email osouscus AetLetea/EaoeLadge Sharing» Sasecat Income Tax Authorities in India and their Powers Posted Date: 26-Feb-2011 Cetegory: General Rating: BOA People in India don't know the powers of Income Tax Authorities. Here I have given some of the powers of Income Tax Authority Income Tax Authorities and their Powers The Government of inca has cansttsed » numberof authors to exec te Income Tax Act ants conte the Income Tax Oapartment effet rd of Direct Taxes isthe supreme body in the direct ax setp.Ithas to preform several Appointment of Income Tax Authorities in India Commissioner or a Director to appoint income tax authoties belo ranks of an Deputy Commissioner o Powers of Income Tax Authorities ) Power Procedure, 1908, when tryng to sus fort flowing matters: (2) discovery and inspecton; (8) to enforce any person fe attendance, and examining him on oath (€) suing commissions; and (4) competing the production af books af account ane her document 2) Power of Search and Seizure: Today is not hleden from income tx suthortes that people evade tax ‘9k actons Ike senrch and seizure 3) Requisition of Books of account, te: Where the Dector or the Dreter-Generalor Commissioner or the Chief Commissioner in consequence of information i his possession, has reason to beta that (2), (8) oF) 235 mentloned under section 132(2) and the book of accounts or other documents or the assets have been ‘comiresources/196396-Income-Tax-Aulhorties-hl-tnei-Powers. aspx 102ern2012 Income Tax Authortes in inia and their Powers ‘Commissioner, Aasltont Commissioner, Assistant Director, or Ineome tx Oficrto rears the authorty to rove sue books of account, assets or any documents tothe requisioning afer, when such afer sof the pinion thats no langer necessary to retain the same in his custody 4) Power to Callfortnormation: the Commissioner The Assessing Offcar or the Join Commissionar may for Online Members ‘the purpose of this Act: LINAY VINOD MARA aha Naktwa (2) can cattany tem provide nim wth 2 return of the aaaresses and names of partners of tne femane thelr Ko™al Kishore shares; Sanjeev kumar (8) car esk any Hindu Undivided Femly te provide himwith return ofthe addresses and nas of members af | 231 prtha chakeaborey (@)can asc any person who is» tustes, guarcin oran agent to delver hin with retum ofthe names of ——_ifeexur Ranney P persons foror of whomhe i an agent, rustee or guardian and thew adresses; ‘abninaw fupesh Kumsr (a) can sekany person, desler, agent or broker concemas inthe management of stock or any commodity" texchange to provice a statement of the aderesses and names of althe persons to whom the Exchange orhe has pai any sum relat withthe transter of assets or the excrange has raclved any suc sum ith the particulars of al such payments an receipts 5) Power ef Survey! The term Surveys not deee bythe Income Tax Act. According tothe meaning of iesonary survey means casting of eyes of ming ever Something, inspection af sometnin, ete An Income Tax authority can have a survey forthe purpose of hs Ad, ‘The objectives of conducting Income Tax surveys ar + To decaver new assessees; ‘+ To callct useful infomation forthe purpose of sessment: «+ To venty that the assessee who chine notte maintain any books of accounts is nat maintaining the books 6) Collection of Information For the purpese of election of information which may be useful fr any purpose, ‘the Incame tax authorty can enter any bulking or place within the lists ofthe are assigned to such suthorty, oF anyplace oF bulling seeupied by any person in respect of whom he exersesjurstion. Did you like this resource? Share It with your friends and show your love! weetshare Related Resources: ‘+ cateuate the Income Tax Exemption on House Rent Allowance (RA)? + Detintion taxable income and how to caculate taxable income 4 Taxtabtty whe switching Joos 4 Income Toxin india and Flag of Returns «How is your TT return examined by the Tr department? + Income Tax Return forthe Financial Year 2009-20030 + How to send submit IIR: Acorplete guide + Due Date of Filng of Income Tax Ratu AY, 2012-13 + income Tax ss fr FY 2012-2013 or AY 2013-2014 ww ncastudychannel com/resourcas/136996-Income-Tax-Authoriies-idia-tne-Powers.aspx2ern2012 Income Tax Authortes in inia and their Powers Rag relates artes: Income tax India tx Tex authorities Responses to "Income Tax Authorities in India and their Powers” "No responses found. Be the fist to respond. Feedbacks Post Comment: [Einotity me by emaiwhen thers post comments to this ate + Do not include your name, “with regards" atc inthe comment. 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