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The Chief Commissioner of Income Tax Central, abbreviated as CCIT-C, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India which assesses tax evasion. It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the administration, assessment, enforcement and ...
The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India. It also enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988 , [ 6 ] and the Black Money Act, 2015 .
The Principal Chief Commissioner of Income Tax and senior-most Chief Commissioners of Income Tax are promoted into this grade and have additional responsibilities as per personnel and budgetary targets are concerned. [citation needed] Their equivalent rank at the Union Secretariat is that of a Special Secretary. [citation needed]
The tax policy is not limited to raising of revenue. As a part of the overall policy of the Government of India, the tax policy also serves as a tool to address several other objectives in the process of development of the country. These objectives may include providing for incentives and disincentives in the target areas/segments of the economy.
The Delhi Development Authority acquires land for development in Delhi. So far, over 64,354.88 acres (260.4350 km 2) of land has been acquired with successful development projects on 59,504 acres (240.80 km 2) and 30,713.95 acres (124.2949 km 2) as residential land. Besides, the construction projects, DDA land development also includes ...
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
During the 1970s, Delhi had only four administrative districts ie North, South, Central and New Delhi. [12] Between January 1997 and September 2012, there were nine administrative districts and 27 sub-divisions. [1] In September 2012, two new administrative districts, viz. South-East Delhi and Shahdara were added to the city's map. [2]
21 of the 29 states introduced value added tax (VAT) on 1 April 2005 to replace the complex and multiple sales tax system [53] [55] The non-tax revenues of the central government come from fiscal services, interest receipts, public sector dividends, etc., while the non-tax revenues of the States are grants from the central government, interest ...