Power to call for information

Any business may be required to provide the Evaluating Officer, the Deputy Commissioner (Appeals), the Joint Commissioner, or the Commissioner (Appeals) with a return of the addresses and names of the firm's partners and their respective shares. Any Hindu undivided family may be required to provide the Assessing Officer with a return containing the manager's and family members' names and addresses. The Assessing Officer may request a return listing the names of the individuals for or on behalf of whom the person is trustee, guardian, or agent, as well as their addresses, from any person he has cause to believe to be such. Are you equipped with the knowledge of 80g exemption list?

The Assessing Officer may demand any Assessee to provide a statement of the addresses and names of all individuals to whom he has paid in any prior year rent, interest, commission, royalty, or brokerage, or any annuity, other than any annuity that is taxable under the head "Salaries," if it exceeds $1,000 or any higher amount that may be prescribed, along with details of all such payments made.

Any dealer, broker, agent, or person involved in the operation of a stock or commodity exchange may be required by the Assessing Officer to provide a statement of the names and addresses of all individuals to whom he or the exchange has paid any sum in correlation with the transfer of assets, whether by sale, exchange, or other means, or on whose behalf or from whom he or the transfer has received any such sum, along with details of all such payments and receipts. Pay a visit to information on 80g donation limit.

Any person, including a banking institution or an officer thereof, may be required by the Assessing Officer to provide information regarding such points or matters or to provide statements of accounts and affairs that have been verified in the manner prescribed by the Assessing Officer, the Deputy Commissioner (Appeals), the Joint Commissioner, or the Commissioner (Appeals), providing information regarding such points or matters. With the caveat that the Principal Director General or Board member, the Principal Chief Commissioner or Chief Commissioner, the Principal Director or Director, the Principal Commissioner or Commissioner, or the Joint Director, Deputy Director, or Assistant Director may also exercise the authority mentioned in a clause.

Furthermore, any income-tax jurisdiction underneath the rank of Principal Director or Director or Principal Commissioner or Commissioner, other than the Joint Director or Deputy Director or Assistant Director, shall not exercise the power in respect of an inquiry in a case where no proceeding is awaiting without the previous approval of the Principal Director or Director or, as applicable, the Principal Commissioner or Commissioner.

Pay a visit to section 80g.