Web18 Mar 2024 · Section 133 (6) of the Income Tax Act 1961 empowers the tax authorities to summon any person who is in possession of books of accounts or other documents … WebAs per section 133 (6), the officers having the power to call for information are officers having the power of assessment or the power of appeal. These officers should be …

AO can make fishing & roving enquiry U/s. 133(6) to detect tax …

WebNotice under section 133 (6) is just and enquiry initiated by the Income tax officer and not linked with the assessment . The notice for the assessment can take place only if the … Web9 Apr 2024 · Information with AO which suggest that income chargeable to tax has escape assessment means:- 1. Any information in accordance with risk management strategy formulated by Board from time to time. 2. Any audit objection to effect that assessment is not according to provisions of IT Act. 3. common tasks done by rpa

Biden Tax Proposals Would Correct Inequities Created by Trump Tax …

Web31 Mar 2024 · 6. Adds a new category of farmland that qualifies for the farmland preservation tax credit. A credit of $10 per acre may be claimed for farmland that is located in a farmland preservation area, but only to the extent that the acres are covered by an agricultural conservation easement. Web4 Likes, 0 Comments - TaxCPC (@taxcpc_figmentgs) on Instagram: "Section 133(6) of the Income Tax Act grants full authority to the Income Tax authorities to obtai..." TaxCPC on … Webthe discretionary powers vested to him under Section 133(6) of the Act and calling for information in relation to trade offers/ discounts extended by the Appellant ... section 40(i)(ia) of the Income Tax Act 1961 and therefore, disallowance of Rs.155,05,28,276/- is being made. Trade Offers to Distributors other than HCL Infosystems Ltd. duck billed creature crossword clue