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For businesses and professionals, understanding the rules around tax inspections is crucial for smooth operations and compliance. Under the Income Tax Act, authorities may inspect a place of business or…
In the realm of tax compliance and administration, the Income Tax Department has the authority to collect crucial information directly from business premises. This power, vested under Section 133B of…
Introduction: In tax law, the powers of income-tax authorities are extensive, especially during search and seizure operations. However, there are specific restrictions in place to protect taxpayers and ensure procedural…
Income-tax authorities have specific powers and procedures when it comes to inspecting books of accounts and other documents. However, these powers are balanced with procedural safeguards to ensure transparency and…
Ensuring compliance with tax laws is crucial for businesses, especially when it comes to deducting or collecting tax at source (TDS/TCS). The Income Tax Act grants authorities specific powers to…
In the Income Tax Act, Section 133A empowers tax authorities to conduct surveys at places where businesses, professions, or charitable activities are carried out. This provision allows tax authorities to…
Introduction Section 133 of the Income Tax Act empowers income-tax authorities with significant rights to request specific information from entities and individuals, making it essential for taxpayers, businesses, and financial…
In the realm of tax compliance, Section 132B of the Income Tax Act holds a pivotal role. This section outlines how assets seized or requisitioned during search and seizure operations…
Section 132A of the Income Tax Act is a powerful tool in the hands of tax authorities, allowing them to requisition assets, books of accounts, and documents held by other…
Introduction Section 132 of the Income Tax Act grants significant powers to tax authorities during search and seizure operations, particularly aimed at unearthing undisclosed income or assets. For individuals and…