Amendment of section 133A.
53. In section 133A of the Income-tax Act, in sub-section (1),-
(i) in the long line, for the portion beginning with “at which a business or profession” and ending with “such business or profession––”, the following shall be substituted, namely:-
“at which a business or profession or an activity for charitable purpose is carried on, whether such place be the principal place or not of such business or profession or of such activity for charitable purpose, and require any proprietor, trustee, employee or any other person who may at that time and place be attending in any manner to, or helping in, the carrying on of such business or profession or such activity for charitable purpose––”;
(ii) in the Explanation, after the words “business or profession” wherever they occur, the words “or activity for charitable purpose” shall be inserted.
Notes on Clauses:
Clause 53 of the Bill seeks to amend section 133A of the Income-tax Act relating to power of survey.
The said section empowers an income-tax authority to survey a place, at which a business or profession is carried on, or at which any books of account or other documents or any part of cash or stock or other valuable article or thing relating to the business or profession are kept.
It is proposed to amend sub-section (1) of the said section, so as to provide that a place, at which an activity for charitable purpose is carried on may also be surveyed by an incometax authority.
It is further proposed to insert the reference of activity for charitable purpose in the Explanation to sub-section (1) of the said section which is consequential in nature.
These amendments will take effect from 1st April, 2017.
