Income Tax Search & Seizure Quiz

Who are the authorised officers to issue warrants under U/S 132?

• PR.DGIT / PR.CCIT

• DGIT / CCIT

• PDIT / PCIT

• DIT / CIT

What is the maximum amount of cash that can be returned to married ladies as per their standard of living?

• 250 gms

• 100 gms

• 500 gms

• 1000 gms

When can a TDS-TCS survey be conducted?

• After sunset

• Before sunrise

• At midnight

• During the day

What is the maximum amount of accounted cash found in certain cities that can lead to conversion into a search operation?

• Rs. 15 lakhs

• Rs. 20 lakhs

• Rs. 10 lakhs

• Rs. 5 lakhs

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

• To impound the documents

• To make copies

• To identify the documents

• To make extracts

Who should be informed within two hours of the commencement of a survey operation under section 133A?

• The police

• The media

• The jurisdictional PCIT

• The assessee

What is the main precaution to be taken while filling up all forms during a search operation?

• No closing time entry

• No overwriting

• No friend or relative as a witness

• No double concurrence

What is the maximum penalty for providing false evidence during an income tax proceeding?

• Rs. 2000

• Rs. 1000

• Rs. 500

• Rs. 1500

Who can be a witness during a search operation?

• Good reputation

• Uneducated

• Employee of the department

• Criminal record

What is the purpose of the SOP dated 07.09.2021 in F.No.414/102/2021 - IT (INV.1)?

• To scan and put

• To conduct a survey

• To issue warrants

• To impound documents