INCOME TAX SURVEY – Rights / Duties during Survey

RIGHTS OF THE PERSONS PRESENT IN THE PREMISES:

1. To verify the identity of the officials.

2. Verify the authorisation and to check that the name and address of the premises and the name of the Inspector are correctly mentioned.

3. To obtain a copy of statement recorded by the Authority conducting the survey.

4. To consult & defend by a legal practitioner of his choice.

DUTIES OF THE PERSONS PRESENT:

The persons present in the premises surveyed must offer the following facilities to the Income-tax Authorities:

Survey under section 133A:-

1. Facility to inspect the books of account and documents;

2. Facility to check or verify cash, stock or other valuable articles;

3. To furnish such information as may be required on any proceeding under the Act; and

4. Offer clarifications that are necessary.

Survey under section 133B:

1. Form 45D filled and signed in duplicate.

2. To furnish clarifications sought by the authority conducting survey on the information furnished in Form No. 45D.

POWERS OF I.T AUTHORITIES:

 Under Section 133A (1)

1. To inspect books of account and other documents available in the premises & place marks of identification on them.

2. To check/verify cash, stock or other valuables or things which may be found.

3. to make an inventory of cash, stock or any other valuable articles or things;

4. to obtain any information/record of statement useful or relevant to any proceeding under the Act;

An authorised inspector can exercise powers mentioned at (a) only.

Under section 133A (5)

1. To require the assessee or any other person, who has incurred the expenditure to furnish information which may be useful for any proceeding under the Income-tax Act.

2. To record the statement of the assessee or any other person.

Under Section 133B