The Income Tax Department is responsible for collecting revenue from taxpayers on behalf of the government. It also enforces various tax laws and imposes fines on assessees for late filings and tax evasion. Subsequently, many laws were brought to streamline income tax laws. For example, the Super-Rich Tax was introduced in 1918, and the new Income-tax Act was passed in 1918. But most important among all these were the Income-tax Act of 1922. This act of 1922 marked an important change from the act of 1918 by shifting the administration of the income tax from the hands of the provincial government to the central government.
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- Hereafter, in 2021, the ITD launched its income tax e-filing portal, making the process of filing returns completely digital.
- To Identify and process all the cases including the case of 153C, search cases, TR and FT Cases, and Flack money Act cases.
- India’s system of direct taxation has changed a lot since colonial times.
- Order u/s 119 of the Income-tax Act, 1961 relating to the above subjects.
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(d) All matter relating to tax evasion under these Acts (ED & GT) including complaints/tax evasion petitions. (a) All matters and references relating to agreement with other countries, avoidance of double taxation in respect of Estate Duty/Gift-Tax. Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.
All policy matters relating to establishment and cadre management, on behalf of CBDT. Monitoring of tax avoidance devices suggesting legislative remedial action. Supervision and control over the work of Pr. CCIT (Exemptions) and all policy matters related to Exemption Section 10, 11, 12 & 13. Income Tax Act, 1961 is the main law dealing with Income Taxes in India.
CBDT and International Taxation
CBDT is focused on emerging trends such as artificial intelligence, big data, and blockchain to make tax administration more efficient and transparent. The Faceless Assessment Scheme, started in 2020 and expanded in 2021, removed the need for personal meetings in the tax assessment process, making it more transparent and objective. This reform significantly reduced corruption and undue influence. Both the survey action and the search and seizure action are known in the general parlance as “raids.”
Central Board of Direct Taxes FAQs
12. Processing of representations from Unions/Associations of Income-tax employees in service matters concerning Ad.VII Section—Preparation of monthly reports to the Board regarding important matters. I love blogging and studying taxation. I write articles related to Tax laws and common issues in handling taxation in India. Often, common but small mistakes make things complicated. I write and share them to save precious time of others.
Laying down of targets and fixing of priorities for disposal of assessments and collection of taxes the cbdt is a statutory authority functioning under the and other related matters. The Central Government can appoint such persons as Income Tax Authorities as it may be required. It can further define that such person is subordinate to such classes of authorities. CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax.
Matters relating to search & seizure operations and related reports including two hourly, telex/fax, search & seizure statistics. Matters relating to investigation not specifically allotted to Investigation-II to V. Evolving system for monitoring and control of collection by way of Advance Payment of Tax.
All technical and procedural matters, including policy inputs, pertaining to transfer pricing provision including regarding the APA Programme and Safe Harbour Rule. All matters related to Joint International Tax Shelter Information Centre (JITSIC) to combat cross-border tax avoidance pertaining to coordination of SPOC for DLG. (i) The Media Cell handles all matters including dealing with the media on issues pertaining to CBDT (print, electronic & digital etc.). All matters concerning Wealth-tax Act, Expenditure-tax Act, Estate Duty Act and Gift Tax Act, excluding those relating to prevention and detection of tax avoidance. 11.
Its members are appointed by Central Government for the performance of duties entrusted by Board. It functions under the jurisdiction of Ministry of Finance. It is the highest executive body to govern Income Tax Authorities. It exercises its power to control and regulate the Income Tax Authorities. Under the Income Tax Act, 1961, it is entrusted with certain powers. Subject to control and approval of Central Government, it can issue rules under the provisions of Income Tax Act.
