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The CBDT Chairperson is a Special Secretary and reports to the Revenue Secretary of India. [2] He is placed equivalent to officers of the rank of Lieutenant-General, Vice-Admiral or Air Marshal, CBI Director and Deputy Comptroller and Auditor General in the Order of Precedence. [3]
The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963.
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India.It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing to the ...
When taxpayers dispute the income tax demands raised on them, a structured appeal process has to be followed. The first level of appeals lies with the CIT (A). [1] The Central Board of Direct Taxes (CBDT) has on 19 June 2015, issued internal instructions directing that all Commissioner of Income Tax (Appeals) should issue appellate orders within 15 days of the last hearing.
In December 2016, the Income Tax department received more than 4000 emails, on black money holders, in India, within 3 days, when Income Tax Department, issued in public notice an email to report black money. [36] Huge amounts of cash in the form of new notes were seized all over the country after the demonetisation. [37] [38]
The status of the entity, whether it is a company, a firm, or others, is represented by the numerals 1, 2, and 3. The third section refers to details of the accountant. The name of the accountant, the name of the firm or proprietorship concern the accountant is representing, the address, the registration number and the certificate details are ...
Anita Kapur is an Indian IRS officer. She is former Chairperson of the Central Board of Direct Taxes (CBDT), the apex authority of the Indian Income Tax department. She is a 1978-batch officer of the Income Tax cadre, was until now serving as Member (Legislation and Computerisation and Income Tax) in the CBDT.
Income Tax Department. Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department.Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7.