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 canful be exercised by the following officers:- (a)Commissioner, (b)Joint Commissioner, (c)Director, (d)Joint Director, (e)Assistant Director, (f) alternate Director, (g)Assessing ships officer, and (h)Tax Recovery Officer 2.The Income tax authority mentioned in mirror symmetry 1 above enter :- (a) whatever place at middle the limits of the bea assigned to him, or (b) about(prenominal) place occupied by wholly 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 see can be carried out at the place where the business line concern is carried on. The business place also includes such(prenominal) place where the books of function or any documents or any part of his eloquent or stock o r any other priceless article or thing relating to the business atomic number 18 kept. 3.2Survey at Residential Premises Normally, the power of lot does not confer a right to make evaluate of residential premises.

If during the course of survey the income tax authority finds that few books of account or documents or the stocks argon not available at the place of business and the assessee makes a statement that these atomic number 18 available at his residence, the income tax authority leave scraping jurisdiction to enter the residence for the purpose of inspecting such books of account, documents or the stock of the busines s. Similarly, if any discrepancy is found in! change and the assessee states that the same is kept at the residence, the authority concerned pass on 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 parry anybody to...If you want to get a full essay, order it on our website: BestEssayCheap.com

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