Income Tax Search & Seizure Quiz

Who are the authorised officers to issue warrants under U/S 132 of the Income Tax Act 1961?

• DGIT / CCIT

• PR.DGIT / PR.CCIT

• PDIT / PCIT

• DIT / CIT

What is the maximum amount of jewellery allowed to be possessed by Married Ladies as per Instruction No.1916 dated 11th May. 1994?

• 200 gms

• 250 gms

• 100 gms

• 500 gms

Under what section of the Income Tax Act can an authorised officer break open any door, locker, safe, almirah, or other receptacle if keys are not available?

• 132(1)(B)(iib)

• 132(1)(B)(iia)

• 132(1)(B)(ii)

• 132(1)(B)(i)

What is the purpose of placing marks of identification on books of accounts or other documents during a search operation?

• To impound the documents

• To identify ownership

• To make an inventory

• To record statements

When can a TDS-TCS survey be conducted according to Sec. 133A(2A)?

• Only on weekends

• After sunrise and before sunset

• After sunset

• Anytime during the day

What is the maximum amount of accounted cash found in Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Pune, Bangalore, and Hyderabad that can lead to a conversion into a search operation?

• Rs. 20 lakhs

• Rs. 10 lakhs

• Rs. 15 lakhs

• Rs. 5 lakhs

Who can be a witness during a search operation according to the text?

• Objection by assessee

• Criminal record

• Sufficiently educated

• Good reputation

What is the main purpose of conducting a survey according to the Income Tax Act?

• To conduct interviews

• To seize assets

• To identify cases for further investigation

• To collect tax payments

What is the maximum duration within which a final report under a survey operation should be submitted?

• 30 days

• 45 days

• 60 days

• 90 days

What is the consequence of refusing to cooperate with the Income Tax authority during a survey operation?

• Simple imprisonment of six months

• Both a fine and imprisonment

• Fine of Rs. 1000

• No consequence