BBC Income Tax Survey: Income tax action on BBC office… know what is the difference between survey and raid – what is the difference between income tax survey and income tax search
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What is Income Tax Survey?
As per the Income Tax Act, the officers conduct surveys to unearth any undisclosed income or hidden assets. The whole purpose of this action is to gather information. The survey can also be done to see whether the concerned person or business has maintained its books of accounts properly or not. Survey is done under Section-133A of Income Tax Act-1961. It was added to the law in 1964.
What is income tax search?
Section-132 of the IT Act gives permission to search. Common people call this the income tax raid. In case of tax evasion, income tax officers search at other places including buildings and places of business. They have the right to seize documents, property etc.
When did BBC start?
It was established on 18 October 1922. The BBC was formerly a private corporation known as the British Broadcasting Company. Only British manufacturers were allowed to hold shares in it. The company had to face many difficulties in establishing its footing. Its fortunes turned in 1926 when its coverage of the general strike was appreciated by the British people.
How does BBC work?
The BBC operates under a Royal Charter, a document approved by the monarch. This makes it necessary for the company to obtain a license from the home secretary of the country. The charter is renewed every 10 years. The current charter will run till 31 December 2027. The charter also spells out the objectives of the Broadcast Company. It states that the BBC should provide accurate and unbiased news, current affairs and factual programs to improve understanding of the people of the United Kingdom and the world.
Who oversees the works?
Until 2017, the company was regulated by the BBC Trust, its executive board and a government-approved regulatory authority called Ofcom. However, after a review in 2016, the trust was terminated. It was found to be defective. A BBC Board was subsequently formed to govern the company. Ofcom was given the responsibility of regulating. The Executive Board oversees the day-to-day operations.
BBC vs Government: Quick action by the Income Tax Department… How many times did the government clash with the BBC before?
What is the revenue model?
Most of the BBC’s funding comes from an annual television fee, which is charged to British entities with equipment to receive or record live television broadcasts. In addition, it also receives income from its commercial subsidiaries – BBC Studios and BBC StudioWorks. In 2022, the British government has announced a freeze on annual television fees for the next two years. Along with this, the government has also said that by 2027 it will completely abolish the fees.
What is the controversy over the BBC documentary?
Recently BBC made a documentary named India: The Fat Question. It was based on the 2002 Gujarat riots. The Government of India called it propaganda. Also asked YouTube and Twitter to remove the link to the documentary. The government also accused the BBC of having a colonial mindset.
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