banner_ad

Incometax SURVEY

1638 views 1 replies

Assessee s house was surveyed on MAY 2025 and the statement was recorded disclosing the additional income from the FY 2019-20 to FY 2026-27(Running year). Whether the assessment will be on block assessment concept? The Assessee should expect 148 notice for the previous years. Or any other way for the assessee to pay the taxes and step out of the proceedings. What will be the next action by the IT department. The assessee had filed the return for FY 2024-25. Any specific procedures for these survey cases??

Replies (1)
Aspect Explanation
Block Assessment Applicability Usually No (survey ≠ search/seizure)
Notices for Previous Years Likely Section 148 for relevant years
Current Year Assessment Regular assessment on filed return
Payment Option Declare income voluntarily + pay tax + interest
Next Action Notice issuance → Assessment → Demand → Penalty


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details