i got summon in my company under section 131(1a). mentioning to attend dy. director office. regarding cash deposit during demonetization period.
i attend director office and told him that i have not deposit any cash in the acccount number mention in the summon and submit the bank statement. But Now they try to Threaten me to do survey in my all group companies.
can any body confirm that they can conduct survey or they only try to Threaten
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summon under section 131(1a)
Replies (6)
Depends upon case to case......... but generally they don't link such query to any other search.
For any other search, department should have specific information.
sir if they have any specific information they can conduct survey
Yes........ As per Section - 133A, Income-tax Act
Income tax surveys are conducted to serve the following purposes:
- To authenticate the tax payer who hasn’t filed his income tax returns despite receiving taxable income, and thereby prompting the assessee in paying the requisite taxes along with the penalty or interest, as the case may be.
- To conduct a surprise inspection in order to ensure the proper and correct maintenance of books of accounts.
- To collect information relevant to the assessment/re-assessment.
Provided that no action under section can be taken by an Assistant Director or a Deputy Director or an Assessing Officer or a Tax Recovery Officer or an Inspector of Income-tax without obtaining the approval of the Joint Director or the Joint Commissioner, as the case may be.
An Indian chap is providing the entire peso the knowledge for the citizens. The approach of the man and free essays uk is deposited for the flow of the slots for the citizens in different passages.
Assessing officer issue notice u/s 131 (1A) to my one client asking him to produce return 2013 and 2014 books of accounts and audit report and statement of capital gain calculation including nature of business.but my client is farmer he was sell immovable property in f.y 2012-13 and purchase a plote in the same f.y but he does not filed the ITR in fy 2012-13 how can solve this?
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