Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Note
Bookmark
Share
Don't have an account? Register Here
<h1>Finance Bill 2020 amends Section 133A to tighten regulations on income-tax survey operations, preventing power misuse. Effective April 1.</h1> The Finance Bill 2020 proposes amendments to section 133A of the Act to regulate survey operations conducted by income-tax authorities. Currently, only authorities above the rank of Joint Director or Joint Commissioner can conduct surveys with prior approval. The amendment specifies that if information is received from a prescribed authority, only those above the rank of Joint Director or Joint Commissioner can conduct surveys with prior approval. In other cases, the authority must be above the rank of Commissioner or Director. This change aims to prevent misuse of power and will be effective from April 1, 2020.