Need for diversifying the survey activities was stressed by Finance Minister. - Income Tax - 586/CBDT

INSTRUCTION NO. 586/CBDT Dated : August 17, 1973 Attention is invited to the Board's D.O. letter No. 415/5/72-IT(Inv.), dated the 25th November, 1972 wherein more vigorous efforts to rope in new Income-tax and Wealth-tax assessees were called for. In a recent Board's meeting with the Finance Minister, the need for diversifying the survey activities was stressed by Finance Minister. 2. In this connection, it may be useful to have survey of insurance policies where the sum assured is Rupees one lakh and above particularly where the premium is paid annually in a simple installment. In addition to the above, survey may also be made by gathering useful information from petrol pump dealers and other hitherto untapped sources.