Income Tax Raid - Search or Survey | Difference between Income Tax Search & Income Tax Survey
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Often termed as Raid by laymen,. Apparently, there is no word called “raid” in the Income Tax Act.
| SEARCH | SURVEY |
| Search’ means a thorough inspection of the building, place, vehicle, vessel, aircraft and of the person. Seizure’ means taking possession under the authority of law. | Income Tax Survey means inspection of books and verification of cash & inventory in your business or profession place by authorised income tax officers. (General, TDS, Marriages/events, Charitable Institutions) |
| Searches are operated under Section 132 of the I-T Act | Survey are operated under Section 133A of the I-T Act |
| The first and the foremost difference is that in a search operation, any premises of the assessee, i.e. residences, shops, offices or any other place can be entered and searched, | whereas in a survey action, only such places where business or profession is carried on, i.e. shops, offices, factories, godowns, etc. can be entered. The residential premises cannot be entered in a survey operation only if Residence place is also business place |
| In a search action, entry into the premises can be made at any time, | In a search action, entry into the premises can be only during business hours, after sunrise and before sunset |
| Search Warrant must for Search | No Need of Warrant |
| Search Team can Suspend / Pause / again and again search exercise bt have to complete in time specified. | No Such Power in Survey have to complete in one time, cant suspend / pause / again. |
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