Nilesh (CA) (97 Points)
14 September 2010Please explain procedure of Search & Seize the books of a/cs as per Excise Act. Also explain the time limit for completion of assessment as per Excise Act.
When any particular co. liable to Tax Audit which books of a/cs are seize by the Excise Act. then that company's Tax Audit not taken within time, in that situation what step taken by the co.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 November 2010
you can get your accounts and books from the seizure team or depute your personal to make copies / abstract from the records for audit purpose, they cant intrupt,
you just have to intimate the facts to a/c or d/c as the case may be of the team and he will issue suitable guidelines to make copies / abstract of the accounts.
CAclubindia
