Inquiry by Income-tax Authority


Inquiry by Income-tax Authority

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Income Tax
Inquiry by prescribed income-tax authority [Section 133C] [W.e.f. 1-10-2014]

Inquiry by prescribed income-tax authority [Section 133C] [W.e.f. 1-10-2014]

With a view to enable prescribed income-tax authority to verify the information in its possession relating to any person, the Finance (No. 2) Act, 2014 has inserted a new section 133C so as to provide that for the  purposes of verification of information in its possession relating to any person, prescribed income-tax authority, may, issue a notice to such person requiring him, on or before a date to be therein specified, to furnish information or documents, verified in the manner specified therein which may be useful for, or relevant to, any enquiry or proceeding under the Income-tax Act.BACK

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