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Read more about the article Understanding Section 133B of the Income Tax Act: Power of Income-Tax Authorities to Collect Information

Understanding Section 133B of the Income Tax Act: Power of Income-Tax Authorities to Collect Information

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…

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Read more about the article 5 Key Powers and Procedures for Income-Tax Authorities in Document Inspection and Retention
Tax Records Missing Puzzle Pieces Hole Gap 3d Illustration

5 Key Powers and Procedures for Income-Tax Authorities in Document Inspection and Retention

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…

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