Search results
Results from the WOW.Com Content Network
CBIC's function also extends to prevention of smuggling, illicit financial activities, and regulation and control of narcotics through its attached/subordinate offices. The Customs & Central Excise department was established in the year 1855 by the then British Governor General of India , to administer customs laws in India and collection of ...
The IRS (Customs and Indirect Taxes) is controlled by a separate statutory body, the Central Board of indirect taxes and Customs (CBIC). The duties of the IRS (C&IT) include formulation and enforcement of policy concerning the Goods and Services Tax , prevention of smuggling and administration of matters related to Customs and Narcotics.
The CBIC Chairperson is usually the senior most IRS (C&IT) officer of the senior most batch. The appointee for the office is approved by Appointments Committee of the Cabinet headed by Prime Minister: Term length: No fixed tenure is imposed on the office but term can be extended: Inaugural holder: B.N. Banerji: Formation: 1964
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.
Top Prescription Weight Loss Pills. Anti-obesity medications (AOMs) date back to the 1940s — well before modern regulations from the FDA (U.S. Food and Drug Administration) (FDA) were in place ...
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Jayden Daniels was not worried when he and the Washington Commanders trailed the Philadelphia Eagles by 14 points after just seven minutes, and the rookie quarterback was similarly undaunted ...
AOL latest headlines, news articles on business, entertainment, health and world events.