Income Tax Raid - Search or Survey | Difference between Income Tax Search & Income Tax Survey

20-Feb-2023 , 10:32:02 pm | By CASANSAAR print

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.