What is an IT raid?

An income tax raid is an operation conducted on the business or residential premises of an assessee, the objective of which is to unearth undisclosed income. The rules and regulations pertaining to income tax raid or search and seizure by the Income Tax Department are available in the Income Tax Act.

What are the powers and functions of Enforcement Directorate under FEMA 1999?

Conducting investigations, trace, attach, and confiscate the assets that are related to the financial crime, and to arrest and prosecute the offenders un PMLA, 2002.

What happens during an IT raid?

An income tax raid, technically known as the process of Search and Seizure, is one of the crucial weapons that the Income-tax department possesses to check black money. Credible information of tax evasion; for instance, any evasion coming out of reports received from the Intelligence Wing of the Income tax department.

What happens after an IT raid?

Duties of a person after a tax raid An individual can file a petition before the High Court in case he/she feels that the raid conducted by the ITD was unlawful/unfair. They can also challenge a raid and appeal before the commissioner of Income Tax (Appeal).

What is long form ED?

The full form of ED is the Enforcement Directorate. ED is an economic intelligence organization that implements laws of economics and defends against financial crimes in the nation. ED stands under the Department of Revenue, Ministry of Finance, Indian Govt. ED was founded in 1956.

What is the meaning of ED full form?

Enforcement Directorate
ED: Enforcement Directorate ED stands for Enforcement Directorate. It is a law enforcement agency, which was established in 1956. It is responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA), and certain provisions under the Prevention of Money Laundering Act (PMLA), 2002.

How does ED department work?

The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India. It is part of the Department of Revenue, Ministry of Finance, Government Of India.

Who enforces FEMA?

ED is responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA), and certain provisions under the Prevention of Money Laundering Act (PMLA). The Directorate is under the administrative control of the Department of Revenue (under the Ministry of Finance) for operational purposes.

What is the difference between RAID 0 and RAID 1?

RAID 0, RAID 1, RAID 5 and RAID 10 are some of them. RAID 0 is not very fault tolerant. It divides the data into two separate disks. If one disk fails, there is no access to the data stored in that disk. On the other hand, it provides faster access to data. RAID 1 provides more fault tolerance. It copies data into more than one disk.

What is RAID (Redundant Array of independent disks)?

RAID (redundant array of independent disks) is a way of storing the same data in different places on multiple hard disks or solid-state drives (SSDs) to protect data in the case of a drive failure. There are different RAID levels, however, and not all have the goal of providing redundancy.

What are the advantages of raid?

Advantages of RAID include the following: Improved cost-effectiveness because lower-priced disks are used in large numbers. Using multiple hard drives enables RAID to improve the performance of a single hard drive. Increased computer speed and reliability after a crash, depending on the configuration.

What is a RAID controller and how does it work?

A RAID controller can be used as a level of abstraction between the OS and the physical disks, presenting groups of disks as logical units. Using a RAID controller can improve performance and help protect data in case of a crash.