Income Tax Authorities And Their Powers Pdf

income tax authorities and their powers pdf

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Ever since the enactment of the original Income-tax statute of , the Income-tax authorities have been vested with certain powers that are coterminous with the powers of a Court under the Code of Civil Procedure,

What leads to income tax raids, searches and seizures? The main reasons are non-compliance with summons under Section 1 of the Income Tax Act, , hereinafter referred to as the Act or a notice under Section 1 of the Act described in Chapter VII, infra , likely non-compliance with such summons or notice, or the possession of undisclosed property or income.

INCOME-TAX AUTHORITIES - Income-tax Act, 1961

The Central Board of Direct Taxes is the supreme body in the direct tax set-up. It has to preform several statutory functions under the various acts and it is responsible for the formulation and implementation of different policies relating to direct taxes administration. The Board consists of a Chairman and six members. The Central Government can authorize the Board or a Director-General, a Chief Commissioner or a Commissioner or a Director to appoint income tax authorities below the ranks of an Deputy Commissioner or Assistant Commissioner, According to the rules and regulations of the Central Government controlling the conditions of such posts. Powers of Income Tax Authorities 1 Power relating to Discovery, Production of evidence, etc: The Assessing Officer, The Joint Commissioner, the Chief Commissioner or the Commissioner has the powers as are provided in a court under the code of Civil Procedure, , when trying to suit for the following matters: a discovery and inspection; b to enforce any person for attendance, and examining him on oath c issuing commissions; and d compelling the production of books of account and other document.

Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev

The government of India imposed the Income Tax Act in the year Two categories of taxation were prescribed. Income tax or the tax taken by the government on an individual on his earnings is income tax. The government has set up various authorities for lawful execution of the income Tax Act and to oversee the righteous functioning of the income tax department. The various incometax authorities for the purposeful existence of the Act are.

Functions of Authority. Discuss the jurisdiction, powers and function of income tax commissioner. Now customize the name of a clipboard to store your clips. Section and of Income Tax Act deals with Jurisdiction of income-tax authorities Section Income tax authorities shall exercise all or any of powers and functions conferred upon it by CBDT. Power to distrain for non-payment of tax. Income Tax Authorities are also granted power to survey and order persons to submit certain information.

Asian Journal of Management

The Direct Tax Laws Act, has brought far-reaching changes in the organizational structure. The implementation of the Act lies in the hands of these authorities. The change in designation of certain authorities and creation of certain new posts in the structure are the main features of amendments made by The Direct Tax Laws Act, The new features of authorities has been properly depicted in a chart on the facing page.

Site Map - Recent Site Map. F : Residential Quarters to Employees. H : Recovery of Central Excise dues - whether the flats belonging to the a H : Process amounting to manufacture - When the process of cutting and sli H : Validity of assessment order - transfer of right to use of goods - As

Income Tax Authorities in India and their Powers

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The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. Click to view the institutions registered under section 80G, 12 A and more. The officials of the Board in their ex-officio capacity also function as a Division of the Ministry dealing with matters relating to levy and collection of direct taxes. The Central Board of Revenue as the apex body of the Department, charged with the administration of taxes, came into existence as a result of the Central Board of Revenue Act, Initially the Board was in charge of both direct and indirect taxes. However, when the administration of taxes became too unwieldy for one Board to handle, the Board was split up into two, namely the Central Board of Direct Taxes and Central Board of Excise and Customs with effect from 1.

The Direct Tax Laws Act, has brought far-reaching changes in the organizational structure. The implementation of the Act lies in the hands of these authorities. The change in designation of certain authorities and creation of certain new posts in the structure are the main features of amendments made by The Direct Tax Laws Act, The new features of authorities has been properly depicted in a chart on the facing page.

Мимо. Он резко свернул влево и запетлял по дороге в надежде сбить преследователя и выиграть время. Все было бесполезно. До поворота оставалось еще триста метров, а такси от него отделяло всего несколько машин. Беккер понимал, что через несколько секунд его застрелят или собьют, и смотрел вперед, пытаясь найти какую-нибудь лазейку, но шоссе с обеих сторон обрамляли крутые, покрытые гравием склоны.

B. work allocation among commissioners of income-tax, C.B.D.T

Как трасса, на продолжение которой не хватило денег, улочка вдруг оборвалась. Перед ним была высокая стена, деревянная скамья и больше. Он посмотрел вверх, на крышу трехэтажного дома, развернулся и бросился назад, но почти тут же остановился. В некотором отдалении от него возникла фигура человека, приближавшегося медленно и неотвратимо. В руке его поблескивал пистолет. Беккер, отступая к стене, вновь обрел способность мыслить четко и ясно.

Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev

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