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Income tax riding

This query is : Resolved 
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(Querist)
08 January 2015 Whether prior intimation to assessee is necessary regarding income tax raid
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 January 2015 what is income tax riding????????????
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Venkat

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Venkat (Querist)
08 January 2015 Can the department seize the cash and other valuable articles at the time of raid?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 January 2015 yes in case if no legitimate source is revealed while the raid is done.
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Venkat

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Venkat (Querist)
08 January 2015 Thank you sir. I would like to know the intimation regarding IT raid to assessee is mandatory?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 January 2015 the ans is no, you think logically if dept who is going to raid on xyz assessee then if its informed before then such deafulter asseessee shall run away????
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