Income Tax Authorities

Posted by Unknown On Thursday, June 13, 2013 0 comments


1. Power and functions of DCT?
Ans:
Functions:
1. Issue of notices.
2. Return of notice.
3. Best judgement of tax.
4. Call for relevant information.
5. Extension of return submission time.
6. Power to inspect register.
7. Power of inquiry.
8. Other functions:
a. Entry charging.
B. Break open.
C. Search.

Powers:
1. Power to write off.
2. Power to impose penalty.
3. Power to appeal.
4. Power to call for wealth explanation.

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