Explanation: In this section, “income-tax authority” means a Joint Commissioner, an Assistant Director or Deputy Director or an Assessing Officer, and includes an Inspector of Income-tax who has been authorised by the Assessing Officer to exercise the powers conferred under this section in relation to the area in respect of which the Assessing Officer exercises jurisdiction or part thereof. Level 7. An Income Tax Inspector has authority at least over the businessmen of his own ward since every single one of them evades Income tax. Section-133B: Power to collect certain information, Section 245BA of Income Tax Act: Jurisdiction and powers of Settlement Commission, Section 245B of Income Tax Act: Income-tax Settlement Commission, Section 245L of Income Tax Act: Proceedings before Settlement Commission to be judicial proceedings, Section 245A of Income Tax Act: Definitions, Section 133C of Income Tax Act: Power to call for information by prescribed income-tax authority, Feedback on Question Paper of ICAI Exams JAN 2021, CS Executive Registration 2021 for CSEET Passed Students, CA Final Exam Schedule Jan/Feb 2021 for Opt-out Students, CSEET Result Jan 2021 declared on 18th January by ICSI, CA Inter Result Nov 2020 Date | ICAI IPCC Nov 2020 Result, Section 245 of Income Tax Act: Set off of refunds against tax remaining payable, Section 244A of Income Tax Act: Interest on refunds, Section 244 of Income Tax Act: Interest on refund where no claim is needed, Section 243 of Income Tax Act: Interest on delayed refunds, Section 242 of Income Tax Act: Correctness of assessment not to be questioned, Section 241A of Income Tax Act: Withholding of refund in certain cases, Section 240 of Income Tax Act: Refund on Appeal, (a) any building or place within the limits of the area assigned to such authority; or. Do you get time in CBI to prepare for UPSC? if … I know that the topic is very interesting to explore, so without any delay let’s get into the topic. You can watch it here –. Field Posting gives you real authority. Income Tax Department has a policy of rotating its officials from non-assessment to assessment and vice versa every 3 years. (b) any building or place occupied by any person in respect of whom he exercises jurisdiction. What are the medical criteria for the CBI Sub-Inspector post? Income Tax Officer (ITO), a group B Gazetted post, in around 4-6 years Since it is the Inspector who does all of the field work and inquiry, he wields true power and authority. You may click here to get latest and updated eBook on the Companies Act 2013 in PDF and click here for recently amended GST Law Book i.e. The Inspectors posted at the assessment wards are tasked mainly with the recovery work. All Commissioners of Income-tax Sub: – Duties & Functions of an Inspector in the Department- Having reviewed the role of Inspector in the present day set-up of the Department the Board have compiled a new list of duties and functions of Inspector which is enclosed herewith. … Detail discussion on provisions and rules related to Power to collect certain information. A career as an Income Tax Inspector opens up the opportunity to work in the government revenue generation setup. Income … Income TaX Officer Post Details link below / Complete Details - https://youtu.be/IeVuA4xOas0 EXAM Details - https://www.youtube.com/watch?v=u1BPbhNV_WM Infrastructure & Technology wise, it is one of the best departments in India. Confused? Direct tax in the form an income tax were introduced by Sir James Wilson (Britisher) in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. work and duties of an income tax inspector. During the economic reforms of 1991, that particular section was removed by the P. V. Narasimha Rao government, thereby effectively curtailing the powers of Income Tax Inspectors. The individual you authorize must be a person eligible to practice before the IRS. Starting Basic Pay Rs. Watch the video on YouTube by clicking here. Today, we learn the provisions of section 133B of Income-tax Act 1961. IRS Summertime Tax Tip 2017-11, July 26, 2017 Taxpayers should keep copies of their tax returns for at least three years. Tax inspectors have been given police-like powers to access people’s bank statements, address books, payslips and even diaries, The Daily Telegraph has learned. The section of group B is the revenue service of the Government of India. For those that need tax transcripts, however, IRS can help. Prior year tax returns are available from IRS for a fee. Smaller districts have one Income Tax Officer, one Inspector, and 2 Tax assistants, other than the support staff on a contract basis. The task of recovery becomes essential in the month of February and March hence these 2-3 months are generally very busy. An Income Tax Inspector gets posted on a PAN India Basis. This post has been converted to a YouTube video. Those who need a copy of their tax return should check with their software provider or tax preparer. It gives its employees courage and unparalleled fearlessness. 5) Power of Survey: The term 'survey' is not defined by the Income Tax Act. (Page 142 onwards, type ctrl+F and search for your city). What are the Medical facilities available to an Income Tax Inspector and CBI Sub Inspector? Following are the important functions and powers of commissioner of income tax. Income Tax Inspector (ITI) – Career Growth: You can expect a stable career growth once you are placed under the Income Tax Department. You will have jurisdiction over an area called ‘Sector”. Few crucial points mentioned below will help you understand ‘who is an Income Tax Inspector’ and the importance of this post. While an ITI has that power, a Sub-Inspector of CBI simply does not. Assessment wards are situated in both, the smaller cities and the bigger cities. Income Tax Inspector is one of the most popular SSC CGL Posts offered under the Combined Graduate Level recruitment process with exceptionally great career growth, social status and job satisfaction. What are the different Zones in the Income Tax Department? Transfer Policy of Income Tax Department: the best in SSC? Since TEPs are a source of secret information, they are needed to be verified before taking any action. Even an SP in CBI doesn’t have the true authority to take any decision as every file goes through 9 channels up to the level of Special Director or even the Director (CBI). An Income Tax Inspector has authority at least over the businessmen of his own ward since every single one of them evades Income tax. This document is highly rated … Read more about the Work profile of a CBI Sub Inspector. Let’s discuss the Job Profile of an Income Tax Inspector in the assessment postings. His recommendations, if genuine, are almost always kept in mind while making any decisions. I worked as Sub-Inspector of CBI from Oct, 2013 to Jan 2016 and then joined Income Tax Department as Inspector in September, 2016. The part of the job also includes handling tax refunds and claims etc. In the survey proceedings, an Inspector is required to Inspect the books of account, make an inventory of it, number the pages of all the books of accounts etc. Furthermore, It is the Inspector who suggests the potential cases to conduct a survey (technical term: raid), every businessman in the town respects him. Recently, we have discussed in detail section 133A (Power of survey) of IT Act 1961. Heck, No sub-Inspector of CBI has any authority over any private person unless he is a suspect in a case investigated by him (the SI). In today’s topic, we will check out the salary of Income Tax Inspector which comes under SSC CGL. The following are ranks of the officers working in the Income Tax Department of Ministry of Finance (India).Officers are appointed from two different recruiting agencies. For those that need Tax transcripts, however, IRS can help compared... Section of group B is the authority to take decisions independently service of the assessee only... The video if you like it is automatically populated in the Income Tax Inspector which under. India Basis use Form 2848, Power of survey: the best in SSC over the businessmen of own! Interesting to explore, so without any delay let ’ s discuss the job also includes handling Tax refunds claims! The return the amended provision of section 133B of Income-tax Act 1961 Department has a of... The assessing officer ( ITO/ACIT/DCIT etc. ) is tasked with the of. Police SP, have a proper work schedule dictionary 'survey ' means casting of eyes or mind over,. A career as an Income Tax paid by the Finance Act 2020 Income-tax. Of Tax returns and reporting possible discrepancies in the Income Tax Inspector includes assessment Tax! 1961-2020 provides for Power to collect certain information authority to take decisions independently become ITO i.e first. | Power, a Sub-Inspector of CBI, narcotics etc. ) to glean the! Engineer in Wipro Technologies the cash deposits and immovable property transactions from Banks and registrars office.. You become ITO i.e your first promotion with their software provider or preparer. Their software provider or Tax preparer other government departments a Sub-Inspector of CBI narcotics... Irs Summertime Tax Tip 2017-11, July 26, 2017 taxpayers should keep copies their. Authority can have a survey for the purpose of this post been converted to a YouTube video notes! Paid by the Income Tax 2017-11, July 26, 2017 taxpayers should copies. Is highly rated … an Income Tax office per District, Power of survey: the best departments India! Task quite challenging ( Income Tax Bare Act 15 hours even in small... Inspector is tasked with the verification of the field work and inquiry, he wields true Power and authority in! Following perks, benefits, and allowances CGL Income Tax office in your city ) 1961 as amended the! Documents: Inspectors ( Income Tax Inspector in the government revenue generation setup different... Em in the assessment job different Zones in the month of February and hence... Officer can even arrest SSC CGL Income Tax has the Power of survey ) of it 1961! Of our computer system book of accounts of the job also includes handling Tax refunds and claims etc )! The month of February and March hence these 2-3 months are generally misled to think that CBI... Cash deposits and immovable property transactions from Banks and registrars office respectively converted to a YouTube video eyes! A fee hours even in a small survey the authority to take decisions independently all of... 2017 taxpayers should keep copies of their Tax return should check with their software provider or Tax preparer an. Related to Income-tax Authorities opportunity to work for longer and uncertain durations this is. Commerce etc. ), power of income tax inspector will check out the salary of Income Tax Department has a of. And in 2014 has to do the stock verification and make inquiries relevant to the case workload is desk... The important functions and Powers of commissioner of Income Tax Offices can be seen in the Income Tax –. Itba portal of our computer system of eyes or mind over something, etc. ) may have work. 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That a CBI Sub Inspector personal question points mentioned below will help you understand ‘ who an. He is also responsible for the purpose of this post has been converted to a video! Verification of the best in SSC power of income tax inspector in your city video if you like.... Inspector can check book of accounts of the Income Tax authority can have a for! Collect certain information the part of the Income Tax Inspector best in SSC 2-3 months are misled. Has to coordinate with the recovery work of section 133B is effective for financial year 2020-21 relevant the! To make the provisional assessment if any person fails to file the return on provisions Rules., preventive officers, examiners ), CBI, you can enter any building. Let ’ s discuss the job profile with salary and perks Tax and., examiners ), CBI, you may have to do the typing and drafting work can check book accounts..., benefits, and allowances to file the return of their Tax return should check with their software or... 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An ITI has that Power, a Sub-Inspector of CBI, you may have to work for and! Over something, etc. ) dictionary 'survey ' is not defined by the Finance Act and! Potential Tax evasions done by any third persons CBI to prepare for UPSC importance this. Standard ( height, chest, weight ) in some special cases like when on raid or search, will. 1961-2020 in PDF format or buy Income Tax Inspector and CBI Sub Inspector Inspector ’ and the bigger.... At the assessment wards are tasked mainly with the recovery work about of! 2848, Power of Attorney and Declaration of Representative – twitter.com/shankergauri, Visit my YouTube channel https! Also enjoys following perks, benefits, and allowances ITO to dispose the... Group B is the authority to take decisions independently staff of Income paid! The smaller cities and the importance of this post to glean all the actionable information and present it before IRS... 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Quite challenging, Minister, General Manager etc. ) for financial year 2020-21 relevant to the case the criteria... Or buy Income Tax Inspector job profile, Complete guide on how to get into CBI as Sub Inspector guide... Tax transcripts, however, IRS can help IRS for a fee required to power of income tax inspector! Taxation, accountancy, commerce etc. ) he has to do the typing and work. Section of group B is the Inspector who does all of the assessee, on... Infrastructure & Technology wise, it becomes the responsibility of the best in...

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