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Law Relating to Income Tax Survey (With Assessment of Survey Cases (As Amended by Finance Act, 2020)

Law Relating to Income Tax Survey (With Assessment of Survey Cases (As Amended by Finance Act, 2020)

  • ₹425.00

In Stock
  • Author(s): Ram Dutt Sharma
  • Brand: Commercial Law Publishers (India) Pvt Ltd
  • Edition: 3 Ed June 2020
  • ISBN 13 9788194610724
  • Approx. Pages 278 + Contents
  • Format Paperback
  • Approx. Product Size 24 x 16 cms
  • Delivery Time Normally 7-9 working days
  • Shipping Charge Extra (see Shopping Cart)

As Amended by
»    Finance Act, 2020 (12 of 2020) dt. 27.3.2020
»    Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 dt. 31-3-2020
»    Covid-19 Relief Provisions

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Description

The two most important coercive measures available with income - tax authorities are survey and search. While search, as the courts have said, is a serious invasion into the taxpayer's privacy, the degree of invasion in the case of survey is far less, to the extent that it extends to the business premises only. With increased dependence on voluntary compliance, the Department selects a very few returns scrutiny. Large number if returns are accepted summarily without calling for any other information. As a tool for collection of information survey remains an effective tool  in the hands of the taxman and serves an important purpose. Survey is an important weapon of the Income Tax Department to call information of various kinds as may be found necessary for making proper assessments. Survey is mainly conducted with the object of broadening the tax base by discovering new assessees, to gather information about possible tax evasions by asessees, spot checking of available cash ans stock and to verify in a surprise and systematic manner, whether or not accounts are maintained properly and on day to day basis etc.
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Contents
Chapter  1    :  Introduction
Chapter  2    :  Legislative History
Chapter  3    :  Categories of Survey's
Chapter  4    :  Who can Conduct the Survey Authorised /Authorising Officer
Chapter  5    :  Place on which Survey can be Conducted 
Chapter  6    :  Timing of Survey
Chapter  7    :  Survey for Verifying the Compliance of the Provisions of TDS and TCS
Chapter  8    :  Powers of Income Tax authority Regarding Survey 
Chapter  9    :  Place Marks of Identification on the books of Account or other Documents
Chapter  10  :  Impounding and Retention of books of Accounts
Chapter  11  :  Statement During Survey
Chapter  12  :  Retraction of Confession Made in Statement
Chapter 13   :  Prohibition on Removing or Causing to be Removed from the Place Surveyed
Chapter 14  :  Duties and Rights of Persons whose Premise is Surveyed
Chapter 15  :  Consequences of non - compliance/non- cooperation
Chapter 16  :  Survey Findings Affecting the Determination of Income
Chapter 17  :  Discrepancy in Stock in Trade Found at the Time of Survey Operation
Chapter 18  :  Discrepancy in English
Chapter 19  :  Treatment of Undisclosed Sales/Turnover
Chapter  20  :  Treatment of Notings in Diary, Loose Papers, Dumb Pappers Found During
                           Survey Operation
Chapter  21  :  Handling of Digital Evidence
Chapter  22  :  When Survey is Converted into Search
Chapter  23  :  Set Off of Loss against Income Offered in Survey
Chapter  24  :  Surrender of Income During Survey
Chapter  25  :  Tax Rates Applicable on Income Surrendered During Survey
Chapter  26  :  Penalties in Survey Cases
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Author Details
Ram Dutt Sharma
got his post-graduation (M.Sc.) from M.D. University, Rohtak in 1980. He joined the Income-tax Department in the year 1983 and presently working as Income Tax Officer in Faridabad. He worked at various stations of North-West Region of Income Tax Department. He has wide experience of all wings of Income Tax Department such as assessment unit, Special Range, TDS Wing, Investigation Wing, Intelligence and Criminal Investigation etc. He has been contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations. He is the author of number of books on direct taxes, namely Computation of income from salary under income tax law with tax planning, Computation of income from house property, Formation and Management of Charitable mad Religious Trust, Educational and Medical Institutions under income- tax law, Taxation of Non-Resident Indians under income-tax law etc. which have been highly appreciated by the readers.
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