As, the famous saying goes “Democracy must be built through open societies that share information. When there is information, there is enlightenment. When there is debate, there are solutions… “ Citizens of the nation can recognize that the government uses tax revenue collected for the welfare of the public. The government regulates state bodies and union bodies with its tax power. The government also grants deductions and exemptions for an individual to save taxes. The whole control and power is with the government. This guide will outline section 133(6), the power to call information.
Under section 133(6) of the Income Tax Act, 1961, assessing officers are given the power to call for information that are relevant for proceedings or enquiries and for the verification of cash deposits under “Operation Clean Money.”
Under section 133(6),
Under sub-sections 1-5 of section 133 power can be called for by the Assessing Officer(AO), Joint commissioner or commissioner.
Under section 133(6), power to call information is given to AO, Joint Commissioner or Commissioner, Director or Commissioner and Director General or Chief Commissioner as well.
However, in case of Double Taxation Avoidance Agreement(DTAA) u/s90, the powers section u/s 133(6) can be permitted only by the authority above the rank of Assistant Director or Assistant Commissioner as per section 131(2), despite the fact there are no proceedings pending or any other income tax authority.
Under this section, the power given to the concerned officers can call for the information from;
Information that can be useful in proceedings:
To understand how various taxation laws apply to you for better tax saving and planning, consult your personal tax expert at H&R Block India.