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The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
Income tax is a key source of government funding. The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$16 billion) in 1997–98 to ₹ 5,889.09 billion (US$68 billion) in 2007–08.
The following is a list of agencies in the government of Nigeria. Agriculture ... The Office of the Secretary to the Government of the Federation (SGF), which is ...
The Federal Ministries of Nigeria are civil service departments that are responsible for delivering various government services. Each ministry is headed by a Permanent Secretary who reports to a Minister in the Federal Cabinet . [ 1 ]
The Federal Ministry of Industry, Trade and Investment (FMITI) is a branch of the federal government of Nigeria responsible for creating wealth and employment, reducing poverty, and stimulating and diversifying the economy. [1]
Indian exports to Nigeria during the period 2018-19 were US$3 billion and India's imports from Nigeria during same period 2018-19 were worth US$10.88 billion. Nigeria was the fifth biggest seller of crude oil and third biggest seller of LNG after Qatar and UAE in year 2020 to India.In year 2020-2021 USA stood second after Iraq as the biggest ...
The House of Representatives (also called Green Chamber) is the lower chamber of Nigeria's bicameral National Assembly. [1] The Green Chamber has 360 members who are elected in single-member constituencies using the plurality (or first-past-the-post) system, most recently in 2023. Members serve four-year terms.