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Central Board of Direct Taxes

FieldValue
agencynameCentral Board of Direct Taxes
logoLogo of Income Tax Department India.png
logocaptionCentral Board of Direct Tax Logo
abbreviationCBDT
mottoकोष मूलों दंड:
mottotranslatedFund roots and bars
formed
preceding1Central Board of Revenue
legalpersonalityStatutory body
legaljurisIndia
nationalYes
countryIndia
countryabbrIND
mapIndia-locator-map-blank.svg
mapcaptionIncome Tax Department India
dmapIndia
governingbodyGovernment of India
constitution1Central Board of Revenue Act, 1963
speciality1Direct taxes
headquartersNew Delhi, India
electeetypeMinister of Finance
minister1nameNirmala Sitharaman
minister1pfoMinistry of Finance
chief1nameRavi Agarwal, IRS
chief1positionChairperson
parentagencyDepartment of Revenue
child1agencyIncome Tax Department
activitytypeIncome Tax
websitehttps://www.irsofficersonline.gov.in/

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 counterpart for indirect taxes is the Central Board of Indirect Taxes and Customs (CBIC).

CBDT is currently headed by Ravi Agarwal, the Chairperson of the Central Board of Direct Taxes.

History

The Central Board of Revenue, the apex body of the Department entrusted with the administration of taxes, was established under the Central Board of Revenue Act, 1924. It was initially responsible for both direct and indirect taxes. However, on 1 January 1964, the Board was bifurcated into two separate entities: the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC). This division was formalized through the constitution of the two Boards under Section 3 of the Central Board of Revenue Act, 1963.

Associated bodies

  • Income Tax Department
  • Investigation Division of the Central Board of Direct Taxes
  • Directorate General of Income Tax Investigation
  • Chief Commissioner of Income Tax Central

References

References

  1. "Central Board of Direct Taxes". [[Income Tax Department]].
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

government-of-india taxation-in-india
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