What causes income tax raid?

A raid gets triggered under any of the following circumstances: Credible information of tax evasion; for instance, any evasion coming out of reports received from the Intelligence Wing of the Income tax department. Information coming from government departments.

Can an income tax officer raid anyone?

Tax authorities usually exercise their right to conduct raids on individuals or groups who are suspected of evading tax or who are deemed to be in possession of any property or income belonging to another party that has not been disclosed.

Who goes for income tax raid?

An income tax raid is an operation conducted on the business or residential premises of an assessee, the objective of which is to unearth undisclosed income. The rules and regulations pertaining to income tax raid or search and seizure by the Income Tax Department are available in the Income Tax Act.

How income tax raid is done Quora?

In Survey, the only inspection is done of books and verification of cash or inventory. In Search, the entire place is searched to unearth hidden assets, locks can be break opened, any undisclosed asset can be seized and carried away. In Survey, personal search of a person cannot be done.

How can I become a income tax raid officer?

There are two main routes to become an Income Tax Officer in India, i.e. SSC CGL exam or UPSC exam. SSC CGL exam is the main recruitment exam for Grade C and B inspectors for the Department of Income Tax which comes under the central government.

What is the starting salary of income tax officer?

The basic pay of an Income Tax Inspector is INR 9,300-34,800 + Grade Pay of INR 4,600.

What happens when there is a raid?

Raid Battles occur when a Boss Pokémon takes over a Gym. Your goal is to defeat this powerful Pokémon. If you and your fellow Trainers are successful, you’ll be rewarded with special items and a chance at catching that Pokémon.