1.All matters relating to Revenue budget including assigning of Revenue Budgetary targets amongst Chief Commissioners of income-tax throughout the country. Taxpayers can resolve issues through the e-Nivaran portal, which is designed for the online submission and tracking of grievances related to tax assessments, refunds, or other matters. Looking ahead, CBDT aims to further simplify tax laws, enhance taxpayer services, and ensure that the tax system is responsive to the needs of a modern economy. The taxes collected by CBDT fund critical government welfare programs like PM Awas Yojana, MNREGA, and PDS, directly impacting millions of Indians.
About Central Board of Direct Taxes (CBDT):
All judicial matters under Chapter XX and section 288 of the Income-tax Act, 1961. Vigilance, Disciplinary proceedings and complaints against all officers and members of staff (both gazetted and non-gazetted). All matters relating to deputation of officers of the Department to ex-cadre posts.
Examination of proposals for additional remuneration under FR 49 and proposals for payment of interest on delayed payment of gratuity cases in respect of IRS the cbdt is a statutory authority functioning under the (IT) & Group ‚B‘ gazetted officers. Iii. Verification of fake caste certificates and character & antecedents of IRS (IT) officers/probationers for the year 2019 onwards and court cases emanated out of these issues. Examination of administrative complaints against Group ‚A‘ officers of Income-Tax Department. Action on informal assurances made in the course of the meetings of the PAC relating to audit paras dealt in the section. Processing of draft audit paras for Audit Report (Revenue Receipts) Direct Taxes from C & AG’s Office in individual cases relating to Income-tax, Corporate Tax.
Q2. How does CBDT ensure transparency in tax administration?
CCITs/CCAs where clarification on policy/guidelines is required. All matters related to investigation in Cryptocurrency/Virtual Digital Assets. Identification of tax evasion patterns on the basis of data analytics.
- (b) All matters relating to Tax-Planning and Legislation and issue of instruction relating to the new legislation in respect of Estate Duty/ Gift Tax Acts.
- Undertake research work and studies to monitor tax evasion and measures to curb tax evasion.
- The Central Board of Direct Taxes (CBDT) is an indispensable part of India’s financial and administrative framework.
- Through the Department of Income Tax, the Central Board of Direct Taxes (CBDT) is responsible for implementing direct tax regulations.
The Central Board of Direct Taxes (CBDT) is the statutory authority in India that manages direct taxes such as income tax, corporate tax, and others. Working under the Ministry of Finance, CBDT plays an important role in running India’s tax system, ensuring compliance, enforcing tax laws, and creating new policies. The CBDT plays a significant role in fostering international cooperation on matters related to direct taxes. In particular, the CBDT has been tasked with framing policy guidelines for the efficient administration of revenue collection regarding direct taxes. As the Department’s apex body charged with the administration of taxes, the Central Board of Revenue came into existence due to the Central Board of Revenue Act. The CBDT is the administrative authority for enforcing the direct tax laws comprising personal income tax, corporate tax, wealth tax and excise duty.
All matters of tax planning and legislation relating to direct taxes and the Benami Transaction (Prohibition) Act, 1988. CBDT’s efficient collection of direct taxes, including income tax and corporate tax, plays a crucial role in financing India’s development projects, infrastructure, and welfare programs. CBDT stands for the Central Board of Direct Taxes, which manages all direct tax laws in India. This includes making sure taxes are collected properly, implementing amendments in taxation, and handling disputes related to taxes.
(b) All matters relating to penalties under Wealth-Tax/ Expenditure -Tax Act. Order u/s 119 of the Income-tax Act, 1961 relating to the above subjects. All complaints/representations, Parliament Questions, Consultative and Advisory Committee work relation to the above. Orders u/s 119 of the Income-tax Act, 1961 relating to the above subjects. Work including references from Chief Controller of Accounts relating to acceptance of Direct Taxes by public sector banks. Evolving system for monitoring and control of collection by way of Advance Payment of Tax.
- The main responsibility of CBDT is to provide vital inputs for policy and planning of direct taxes in India and to enforce direct tax laws and measures for the development of the Indian economy.
- The Central Board of Direct Taxes (CBDT) is the statutory authority in India that manages direct taxes such as income tax, corporate tax, and others.
- The Chairperson oversees all the functions and coordinates with the other Members for smooth running of the department.
- CBDT uses advanced data analytics, digital tools, and investigations to track and curb tax evasion.
Taking action on informal assurances made in the course of the meetings of the Public Accounts Committee relating to audit paras dealt in the Section. Vii. Service matters of Group ‚B‘ gazette officers referred by Pr.
The impact of the CBDT on India’s economy 🔗
It is very important in suggesting tax rates, exemptions, and discounts. The CBDT often gives advice to the government about changes needed in tax policies, making sure the tax system can handle changes in the economy and meet international standards. 39.
Providing inputs on policy issues relating to the above. 27. Any other matter relating to foreign tax that may be assigned by JS (FT&TR-II). 23. 17. Any other matter relating to foreign tax that may be assigned by JS(FT&TR-I).
Central Board of Direct Taxes Functions
Each year, the Finance Act makes changes to the rules about direct taxes, usually following suggestions from the CBDT. These changes are meant to make taxes simpler, encourage people to follow the rules, and make India’s tax system match those of other countries. The CBDT is in charge of assessment, collection, and recovery of taxes.
Handling complaint matters related with Politically Exposed Persons (PEPs) cases received from the ECI and furnishing of status of action in these matters. Matters relating to investigation not specifically allotted to Investigation-II to V. (b) All matters relating to Tax-Planning and Legislation and issue of instruction relating to the new legislation in respect of Estate Duty/ Gift Tax Acts. All problems having bearing on subjects dealt with in Chapter XX of Income Tax Act, 1961, i.e. Appeals and Revisions.
The CBDT has a Chairperson and six Members, each responsible for different areas such as legislation, revenue, investigation, and judicial matters. The Chairperson oversees all the functions and coordinates with the other Members for smooth running of the department. The CBDT issues circulars and notifications to provide clarity on various provisions of the tax laws. These help taxpayers stay informed about changes in procedures, new tax programs, and compliance requirements.
31. All matters pertaining to Sections 163, 172, 173 and 174 of the Income-tax Act, 1961. 25. All matters relating to Section 6(2), 9, 90, 90A, 91 of the Income-tax Act, 1961.
Stipend Is Taxable or Not: A Detailed Guide
It is responsible for administering direct taxation acts passed by the Parliament of India. All technical and administrative matters relating to provisions of sections 147 to 153 (both inclusive) of the Income-tax Act, 1961. Laying down of targets and fixing of priorities for disposal of assessment and collection of taxes and other related matters. Through the Department of Income Tax, the Central Board of Direct Taxes (CBDT) is responsible for implementing direct tax regulations.
Matters relating to co-ordination with the Election Commission of India, including monitoring of election related expenditure, political funding and contribution reports of political parties. Undertake research work and studies to monitor tax evasion and measures to curb tax evasion. Development of risk parameters to curb tax evasion. All policy matters and all parliamentary questions related to the above. Matters relating to dissemination of information and cases pertaining to CRS/FATCA to investigation directorates, in coordination with Systems Directorate. Monitoring of DO letters and working of DGsIT (Inv.) and CCsIT (Central) and issues arising out of the same including centralization & decentralization of cases, search assessments and related reports.