Power to Call for Information by Income-tax Authorities
Introduction
Section 133 of the Income-tax Act empowers income-tax authorities to call for information for any inquiry or proceeding under the Act. This provision enables authorities to collect relevant data from various persons, including firms, HUFs, trustees, and financial institutions.
Types of Information That Can Be Called Under Section 133
|
Section |
Person From Whom Information Can Be Asked |
Person in Respect of Whom Information Can Be Asked |
Nature of Information |
|
133(1) |
Firm |
Partners |
Names, addresses, and shareholding of partners |
|
133(2) |
HUF |
Manager & Members |
Names and addresses of family members |
|
133(3) |
Trustee, Guardian, Agent |
Settlor, Beneficiary, Ward, Principal |
Names and addresses of these persons |
|
133(4) |
Assessee making payments above ₹1,000 |
Payment recipients |
Names, addresses, and payment details |
|
133(5) |
Dealers, brokers, stock/commodity exchange agents |
Buyers and sellers of stock/commodities |
Names, addresses, and payment details |
|
133(6) |
Any person (including banks) |
Any relevant inquiry |
Any useful or relevant information |
Authorities Empowered to Call for Information
- All Clauses ofSection 133:
o Assessing Officer (AO)
o Joint Commissioner (JCIT)
o Deputy Commissioner (Appeals)
o Joint Commissioner (Appeals)
o Commissioner (Appeals)
- UnderSection 133(6)Only (Higher Authorities):
o Principal Director General (PDGIT) / Director General (DGIT)
o Principal Chief Commissioner (PCCIT) / Chief Commissioner (CCIT)
o Principal Commissioner (PCIT) / Commissioner (CIT)
o Joint Director, Deputy Director, Assistant Director, Director