2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Section 133A of IT Act, which was seen in the news, was used to undertake surveys in which office?
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Oxfam International
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BBC
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Amnesty International
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Thomas Reuters
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Explanation:
Detailed explanation-1: -The Income Tax Department is conducting surveys at BBC offices using Section 133A of the Income Tax Act, 1961, which allows authorised officers to enter any business, profession, or charitable activity within their jurisdiction to collect hidden information.
Detailed explanation-2: -What is an Income Tax survey? A survey, like the name suggests, is an exercise solely to collect information such as books of account, cash, stock, or other valuable article or thing, from companies, which the Income Tax Department believes could aide in any proceeding under the I-T Act.
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