SHORT ANSWER:
Yes, income tax raids can happen without prior notice.
DETAILS:
- The Income Tax Department can conduct raids under Section 132 of the Income Tax Act, 1961 if they suspect tax evasion or concealment of income.
- These raids are known as "search and seizure" operations.
PUNISHMENT / IMPLICATIONS (if applicable):
- If tax evasion is confirmed, penalties and interest on unpaid taxes may apply.
SOURCE:
- Income Tax Act, 1961
Related Questions: