You can download Free Powers and duties - Income Tax Authorities, Income Tax Laws B Com Notes | EduRev pdf from EduRev by The central board of revenue is the appointing authority for commissioner of income tax. 1. These above sections of Income Tax Act empower Income tax authorities will several powers. The preconditions which need to be satisfied by the Income Tax Authority before exercising the power of survey are limited. Clipping is a handy way to collect important slides you want to go back to later. Being the most popular educational website in India, we believe in providing quality content to our readers. (Section 131) This section gives certain powers to Assessing Officer, Deputy Commissioner (Appeals), Joint Commissioner, Commissioner (Appeals), the Principal Chief Commissioner or Chief Commissioner and the Dispute Resolution Panel referred to in section … As argued under the Articles, the lack of a power to tax renders government impotent. Income Tax Authorities their Powers & Functions under Income-Tax Act, 1961. 3) Requisition of Books of account, etc: Where the Director or the Director-General or Commissioner or the Chief Commissioner in consequence of information in his possession, has reason to believe that (a), (b), or (c) as mentioned under section 132(1) and the book of accounts or other documents or the assets have been taken under custody by any authority or officer under any other law, then the Chief Commissioner or the Director General or Director or Commissioner can authorize any Joint Director, Deputy Director, Joint Commissioner, Assistant Commissioner, Assistant Director, or Income tax Officer to require the authority to provide sue books of account, assets or any documents to the requisitioning officer, when such officer is of the opinion that it is no longer necessary to retain the same in his custody.4) Power to Call for Information: The Commissioner The Assessing Officer or the Joint Commissioner may for the purpose of this Act: (a) can call any firm to provide him with a return of the addresses and names of partners of the firm and their shares; (b) can ask any Hindu Undivided Family to provide him with return of the addresses and names of members of the family and the manager; (c) can ask any person who is a trustee, guardian or an agent to deliver him with return of the names of persons for or of whom he is an agent, trustee or guardian and their addresses; (d) can ask any person, dealer, agent or broker concerned in the management of stock or any commodity exchange to provide a statement of the addresses and names of all the persons to whom the Exchange or he has paid any sum related with the transfer of assets or the exchange has received any such sum with the particulars of all such payments and receipts; 5) Power of Survey: The term 'survey' is not defined by the Income Tax Act. Delegation of ministerial powers, duties, and functions Persons authorized to exercise the powers and perform the duties of the Minister of National Revenue. General powers and duties of Tax Commissioner. TAXES AND DUTIES AT A GLANCE 2018/2019 July, 2018 TANZANIA REVENUE AUTHORITY. The CBR may assign to any Taxation Officer or any authority all or any of the powers its powers & functions for the purposes of administrative convenience. Most of the support for an income tax came from southern and western states. The Board consists of a Chairman and six members.Appointment of Income Tax Authorities in IndiaThe Central Government can appoint those persons which it thinks are fit to become Income Tax Authorities. c) to make an inventory of cash, stock or any other valuable articles or things; INCOME TAX AUTHORITIES 16.3 . Delegation of Ministerial powers, duties, and functions The various Acts administered by the Canada Revenue Agency contain provisions vesting powers in the Minister of National Revenue. Delhi. Every sovereign government has the inherent power to tax. Watch Queue Queue. The Central Government can authorize the Board or a Director-General, a Chief Commissioner or a Commissioner or a Director to appoint income tax authorities below the ranks of an Deputy Commissioner or Assistant Commissioner, According to the rules and regulations of the Central Government controlling the conditions of such posts.Powers of Income Tax Authorities1) Power relating to Discovery, Production of evidence, etc: The Assessing Officer, The Joint Commissioner, the Chief Commissioner or the Commissioner has the powers as are provided in a court under the code of Civil Procedure, 1908, when trying to suit for the following matters: (a) discovery and inspection; (b) to enforce any person for attendance, and examining him on oath (c) issuing commissions; and (d) compelling the production of books of account and other document.2) Power of Search and Seizure: Today it is not hidden from income tax authorities that people evade tax and keep unaccounted assets. Article 286(1) - State Government cannot impose tax on sale or purchase during imports or exports; or tax on sale outside the State. The authority shall proceed to carry out its duties, functions and powers in accordance with sections 67.650 to 67.658, and the authority is vested with all necessary and appropriate powers not inconsistent with the constitution or the laws of the United States to effectuate the same, except the power to levy taxes or assessments. The power to conduct a search in tax evaders abode, followed by a subsequent seizure of any illicit money is one of the most important powers of the Income Tax Department. The Central Board of Direct Taxes is the supreme body in the direct tax set-up. Discovery, Production of evidence etc. By 1914, there were 1.3 million taxpayers and income tax was set at an average of 6% although there were heavy tax duties on luxury goods such as sugar, tea, beer and tobacco. 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