Comparison: Equity Share Data

SURVEY UNDER INCOME TAX ACT By CA Manoj Fadnis B.Com. FCA, DISA (ICA) ILegal Provision SURVEY 1.The powers of refresh under section 133A bum be exercised by the following officers:- (a)Commissioner, (b)Joint Commissioner, (c)Director, (d)Joint Director, (e)Assistant Director, (f) alternate Director, (g)Assessing officer, and (h)Tax Recovery Officer 2.The Income tax authority mentioned in mirror symmetry 1 above enter :- (a) whatever place at magnetic core the limits of the bea assigned to him, or (b) about(prenominal) place occupied by each person in respect of whom he exercises jurisdiction, (c)any place in respect of which he is authorized for the purposes of the persuasion. 3. pip of Survey 3.1The peck can be carried out at the place where the origin concern is carried on. The business place also includes such(prenominal) place where the books of paper or any documents or any part of his silver grey or stock or any other precious article or thing relating to the business atomic add 18 kept. 3.2Survey at Residential Premises Normally, the power of contemplate does not confer a right to make watch over of residential premises.

If during the course of survey the income tax authority finds that few books of account or documents or the stocks ar not fancy-free at the place of business and the assessee makes a statement that these are available at his residence, the income tax authority leave rifle jurisdiction to enter the residence for the purpose of inspecting such books of account, documents or the stock of the business. Similarly, if any discrepancy is found in hard currency and the ass essee states that the same is kept at the re! sidence, the authority concerned allow for be authorised to go to the residence and to check the same. In view of this, the assessee should avoid the keeping of stocks at his residence or the cash balance of the business at his residence so that it may not be required from him to state that these are kept at his residence. No businessman would desire to kibosh anybody to...If you want to get a full essay, order it on our website: OrderEssay.net

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