TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Tax Law Empowers Authorities with Search and Seizure Rights Under Amended Wealth-tax Act, Sections 37A and 37B</h1> The amendments to the Wealth-tax Act, 1957, under the Taxation Laws (Amendment) Act, 1975, replace Section 37A with new provisions granting authorities the power to conduct searches and seizures. These provisions allow authorized officers to search premises and individuals suspected of withholding relevant documents or possessing disproportionate assets. Officers can seize documents, mark or copy them, and make inventories of relevant items. The amendments also outline procedures for retaining seized items and the rights of individuals to object to such retention. Additionally, Section 37B empowers officers to requisition documents held by other authorities under different laws, applying similar procedures as in Section 37A.
TaxTMI 
TaxTMI 
